Up to 100% financing
Our up to 100% on-road financing options mean you don't have to compromise on the car you actually want
Hit the Road, Stress-Free: Car Loan Assistance Ahead
Drive your dreams with confidence! Our car loans offer low interest rates, making car ownership more affordable and accessible for you.
Features and Benefits
Secure financing for your dream car with flexible repayment terms and competitive interest rates, making car ownership a reality
Insurance
We safeguard your investment by providing financial coverage for accidents, & natural calamities, ensuring that replacement costs are taken care of
Quick approvals and disbursals
We provide quick loan approval and disbursal, so you can drive home your car without unnecessary delays
Minimal documentations
We simplify the documentation process compared to other types of loans, making it easier
Customized Loans
Flexibility to choose loan amount, repayment tenure, and loan type based on your preferences
Transparent Charges
No hidden fees - processing charges and interest are laid out clearly before you sign, so you always know the full cost
Calculate Your EMI
Plan your finances better with our easy-to-use EMI calculator.
Instant Calculation
See results as you adjust
Clear Breakdown
Principal vs Interest
Mobile Friendly
Works anywhere
EMI Calculator
₹
₹1 Lakh₹1 Crore
%
8%26%
Years
1 Year30 Years
Your Monthly EMI
Principal Amount₹1,00,000
Total Interest₹1,98,444.99
Total Payable₹2,98,444.99
Tenure20 Years (240 months)
a quick and transparent process
We have a simple online application
Check Eligibility
Check eligibility criteria before applying for a loan to ensure approval possibilities.
Calculate Your EMI
Estimate your monthly EMI effortlessly with our user-friendly loan calculator.
Check Required Documents
Ensure which necessary documents are required for loan application.
Fill Application Form
Accurately provide all required information in the loan application form for prompt processing.
Eligibility and Documents
Essential documents that need to be provided to complete the process successfully are listed below:
Identification & Address Proof
Any government-issued identification document such as Aadhaar card, PAN card, passport, voter ID card, or driving license.
Income Proof
To assess the applicant’s repayment capacity, income proof is required. It can include salary slips, bank statements, income tax returns (ITR), or a letter from the employer.
Bank statements
The last 3 to 6 months of bank statements are required to evaluate the applicant’s financial stability.
Passport-Size Photos
Recent photographs of the loan applicant.
Employment Proof
If the applicant is salaried, they may need to provide an employment certificate from their employer. If self-employed, relevant business documents like business registration, GST certificate, etc., may be required.
Frequently Asked Questions
Questions From Customers
What are the eligibility criteria for getting a car loan?
Individuals who are min. Of 21 yrs of age at the time of applying for the loan and no older than 65 at the end of the loan tenure. For Salaried- who earn min. 300000 per year including the income of co- applicant For self-employed- should earn 300000 per annum with min. 2 yrs of business continuity.
What documents are required to apply for a car loan?
- FOR SALARIED: KYC ( Aadhar card, Pan Card, Voter I-card, valid Passport)
- Valid Driving License
- Latest salary and Form 16 as income proof
- Last 6 months bank statement
- FOR SELF-EMPLOYED: KYC ( Aadhar card, Pan Card, Voter I-card, valid Passport)
- Valid Driving License
- Latest ITR as income proof
- Last 6 months bank statement
What factors determine the interest rate on a car loan?
- Credit Score
- Loan Tenure
- Down Payment
- Income and Employment History
Can I apply for a car loan if I have bad credit?
Individuals with bad or low credit score can apply for car loan if not from banks then atleast from loan aggregators but this move can prove costly as loan aggregators charge high rate of interest.
What is the maximum loan amount I can get for a car?
You can receive a loan amount of upto 80% of the cars valuation.
Is a down payment required for a car loan?
Yes, Downpayment for car loan is required . Min. 30% downpayment is required according to the car value.
What is the loan tenure for a car loan?
Minimum 12 months and Maximum 48 months.
Can I prepay my car loan? Are there any charges for prepayment?
Yes, you can prepay your car loan . Less than 6 months of maturity 4% reducing of the outstanding principle amount and if more than 6 months 3% reducing of the outstanding principle amount.
What is the difference between a fixed and floating interest rate on a car loan?
Fixed rates remain unchanged throughout the loan tenure and Floating rate fluctuates with the market trends.
Can I get a car loan for a used car? What are the conditions?
- Age of applicant should be in between 21-65 yrs
- Age of the vehicle- 10 yrs
- Number of owners - max. 3
- Income- u need to be earning atleast 2 lac per annum minimum income is required as assurance that you can pay EMI ‘s throughout the course of the loan.
What happens if I default on my car loan payments?
Written notice of default for not meeting the loan repayment obligations. If the notice is not honored your car will get repossess. A repossessed car will be sold off through auction by the lender to compensate for your outstanding loan balance.
Can I transfer my car loan to another person?
Yes, you can transfer your car loan to another person you can accept the lump sum amount from the new buyer and use the same to pay off the remaining loan amount.
Is it possible to refinance my existing car loan for better terms?
Yes, refinance can be done according to the valuation of the car if customer’s repayment habit is good.
How long does it take for a car loan application to get approved?
After verification it takes 1- 5 days to approve your car loan.
Can I apply for a car loan jointly with someone else?
Yes, you can apply for a car loan jointly.
What insurance options are available for cars financed through a loan?
Liability insurance covers damages and injuries you may cause to others in an accident. Comprehensive and collision insurance , to protect lender’s interest in the vehicle until the loan is paid off.
Are there any penalties for early repayment of a car loan?
We can not call it as penalty it is foreclosure charges.
Are there any additional fees or charges associated with a car loan?
We charge processing fee upto 5 lac its 1% and exceeding 5 lac its 2%.
What are the consequences of missing an EMI payment on my car loan?
Missing EMI payment can lead to bouncing charges and it will negatively impact your credit score.
Can I get a car loan without a co-signer?
No, you can not get a car loan without a co-signer.
What is the difference between a secured and unsecured car loan?
In secured loan lender can seize the collateral to recover the outstanding amount. In unsecured collateral is not involved and solely granted based on credit worthiness of the borrower.