About Used Car Loan

A car loan is a great way to drive your dream car without making the complete payment upfront. You don’t need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement.

Used car loans in India often offer fixed interest rate options. This means, you are always assured of a fixed amount that needs to be repaid monthly.

When you want to receive funds to purchase the new or used car that you have been eyeing for a while, it is better that you opt for a pre-approved loan.

Procuring a car loan is usually simple when compared to other loan products. Individuals with slightly unsavoury credit scores can also hope to procure one. However, this option differs from bank to bank.

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Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

New Car Loan

We offers new car loan at fair interest rates and adjustable repayment terms. Fast sanction, personalized service and absolute transparency in new car loans.

New Car Loan

We can help you compare the various car loan options available to you. Choose a loan that offers you the best interest rate along with the loan amount you need.

Loan Against Car

With no income documents required, getting a loan couldn’t get any easier. We offers you car loan at basic interest rates and flexible EMI for repayment.

Other Loan

We also grant different loans like Home loan, Personal loan and Educate loan at fair rate of interest and flexible EMI. For more detail you can check our loan products.

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Features of Car Loan

All loans are not created equal, personal loan has become a great option for people to use.

Cash Loan Facility

It helps you purchase a car even if you don’t have all the money for it right now.

Special Preapproved Loan

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No Varifactions

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150% Funding on Loan

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Car Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.


Age of the individual must be between 18 years and 75 years


Minimum net monthly income of Rs. 20,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

A car loan is a borrowing instrument that a lender such as a bank or NBFC (non-banking financial company) provides an individual allowing him/her to purchase a car. Car loans have gained popularity in recent times as instead of being a luxury item or a symbol of status, cars have grown to become an essential commodity for the continuously growing middle class of India. With the increased popularity of car loans, most banks and NBFCs currently offer this type of loan to individuals who have a good credit history.

The maximum loan amount approved may vary from one bank to the other. Usually, banks approve loan amounts that range from 80%–90% of the car’s on-road price. Few banks even lend 100% of the car’s ex-showroom price. In addition to these criteria, the percentage of financing offered depends on the price, type of car (standard/ premium) and whether you are applying for a new or pre-owned car.

The tenure of a car loan ranges from 1 year to 5 years. The shorter the loan tenure, the higher is the EMI payable and the reverse is true for longer car loan tenures. Currently, a small number of lenders are engaged in providing car loans for longer durations of up to 7 years.

Pre-payment of car loans is allowed by many lenders however there are usually a few terms and conditions attached. For starters, the lenders only allow car loan repayment after you have completed specified loan tenure and there is usually a pre-payment penalty as well. The prepayment penalty charges usually range from 1%-4% of the. It is recommended that you confirm all relevant charges with a bank before you make a pre-payment.

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Now apply for a Car Loan online, All you need to do is provide your details below application form.