Car Loan
Your next car, financed the smart way.
Get funding of up to the full on-road price of your new car, or finance a pre-owned one. We help you compare dealer finance with direct bank offers, so you know you are getting a fair deal on the rate, fees and insurance bundle.
- Funding
- Up to 100% of on-road price
- Tenure
- 1 to 7 years
- Security
- Car is hypothecated
- Approval
- Often within 24 to 72 hours
Choose the car loan that fits you
Not sure which one is right? Tell us your situation and we'll recommend the best fit.
New car loan
Finance a new car from any brand or dealer, with up to full on-road funding on select models.
Used car loan
Buy a pre-owned car with funding based on its valuation and age.
Car refinance
Raise funds against a car you already own, fully paid or not.
Car loan balance transfer
Move your existing car loan to a lower rate.
Why people choose our car loan advice
- Quick approvals with minimal paperwork
- Compare dealer finance against bank offers
- Fixed EMIs for easy budgeting
- Electric vehicle loans with special rates at some lenders
Who can apply, and what it costs
We check your eligibility before applying, so there are no surprises and no unnecessary hits to your credit score.
- Salaried individuals with minimum income as set by the lender
- Self-employed individuals and businesses
- Age 21 to 65 years
- Good repayment history
- Processing fee, usually a flat amount or up to 1%
- Foreclosure charges in the early years
- Hypothecation removal from RC after closure
Car Loan interest rate: what decides it?
Car Loan interest rates change with the market and differ from lender to lender, and even between two applicants at the same bank. These are the factors that decide the rate you are offered.
What it depends on
- Credit (CIBIL) score: 750 and above usually gets the best rates
- Income, job or business stability and employer profile
- Existing EMIs compared with your income (FOIR)
- Loan amount, tenure and, for secured loans, the loan-to-value ratio
- Fixed or floating rate, and the lender's benchmark (repo / EBLR / MCLR)
- Processing fees and offers running at that lender
How to get a lower rate
- Compare several banks and NBFCs before applying; we do this for you
- Improve your credit score and clear small dues first
- Add an earning co-applicant to raise eligibility
- Negotiate the processing fee, not only the interest rate
- Review your loan every year and switch if a better rate is available
Documents required for Car Loan
Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.
Document Proof
7 items- Aadhaar Card
- PAN Card
- Voter Card
- Driving Licence
- Utility Bill (Electricity / Water)
- Passport
- Proforma Invoice / Quotation of the Car
Income Proof
4 items- Income Tax Return (2 yrs)
- Bank Statement (12 months)
- Current Salary Slip (if salaried)
- Form 16 (if salaried)
Document Proof
8 items- Utility Bill (Electricity / Water / Telephone)
- Bank Statement
- GST Certificate
- Udyam Certificate
- Aadhaar Card
- PAN Card
- Passport
- Proforma Invoice / Quotation of the Car
Income Proof
3 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
Document Proof
7 items- Utility Bill (Electricity / Water)
- Bank Statement
- GST Certificate
- Company PAN Card
- MOA / AOA / COI
- Udyam Certificate
- Proforma Invoice / Quotation of the Car
Income Proof
5 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
- Audited Balance Sheet (2 yrs)
- Complete Balance Sheet with Audit Report (3 yrs)
The exact list can vary by lender and your profile. Not sure what applies to you? Our advisor will confirm in one call.
From first call to disbursal
Scroll through the steps to see what we do at each stage.
Expert tips before you apply
- 1Ask for the rate on the full tenure; a lower EMI over a longer term can cost more.
- 2Buy insurance separately if the dealer's bundled cover is costlier.
- 3A down payment of 15% to 20% often gets you a better rate.
Car Loan: common questions
Talk to an expert today
Share a few details and we will call you back. The first consultation is free.
- Call us+91 92122 66375
- WhatsAppChat with an advisor
- Office hoursMon to Sat, 10:00 am to 7:00 pm
Request a call back
We usually respond the same working day.
Your financial goals,
one window away.
Speak to an advisor today. Free consultation, honest advice, and help with every document.