logo

Find the best Car Loan for you!

Select the type of employment

button-right

Minimum documentation

Echonomical interest rates

Fast Approval

Dadicated Advisor

Car Loan - Overview

Owning a car was once a luxurious commodity to have. But in today’s economically developing world, a car is a necessity and convenience to travel from one corner of the ever-expanding city to the other. 

Though everybody may not have enough cash to purchase the car with a lump-sum payment, numerous lenders can help you realise your dream of buying the car through a car loan. 

Applying for a car loan is now hassle-free, easy, and paperless. Just make a few clicks, and you can submit the car loan application form online. Almost every bank today offers car loans at attractive interest rates. Based on one’s affordability, it is now quite easy to take a car loan and then pay EMIs without really biting into a person’s finances.


Apply for loan

Car Loan - Features & Benefits

  • Get financing for purchasing new and used cars.
  • The financing can go up to 85%-90% of the on-road price of the car. Some banks offer up to 100% financing on the vehicle’s on-road price to certain conditions.
  • The loan tenure can range from one year up to seven years.
  • The loan amount can be up to three times the annual income of the applicant.
  • Some lenders offer instant financing facilities for cars.
  • You may get additional discounts and offers if you choose to purchase a car from the dealer or manufacturer the bank has a tie-up with.
  • The car purchased through financing will be held as collateral until the loan is repaid.
  • The repayment structure most commonly followed for a car loan is equated monthly instalments (EMI).

Apply for loan

Car Loan - Eligiblity

Certain eligibility conditions should be met to go for a car loan, and one must make sure they have a proper understanding of that. Let’s see what these factors that will decide if you are eligible to buy a car are:

DetailsSalariedSelf-employed
Age21 – 60 years18 – 65 years
Annual incomeRs 25,000Minimum turnover of Rs 40 lakh
Credit Score700700
Loan TenureUp to 7 yearsUp to 7 years
Loan to Value RatioUp to 100%Up to 100%

Apply for loan

Car Loan - Required Documents

  • Photo ID and Age Proof 
    • PAN card
    • Passport
    • Driving license (mandatory)
  • Signed application form 
  • Three passport size photographs
  • Residence Proof
    • Valid passport
    • Voter ID card
    • Driving license
    • Postpaid utility bill (gas bill and electricity bill)
    • Updated passbook or bank account statement
    • Notarised registered rent agreement
  • Bank statement for the last six months
  • Salaried individual
    • Last three months’ salary slips
    • Form 16 or Income Tax Returns
  • Self-employed individual
    • Balance sheet and profit and loss account, computation of income for last two years.
    • Income Tax Returns – last two years for applicants, 26AS, Traces
    • Business proof : 
      • Gomasta License, Registration Certificate, Service Tax Registration, among others
    • IT Assessment/Clearance Certificate
    • Income Tax Challans/TDS Certificate (Form 16A)/Form 26 AS for income declared in ITR.

Apply for loan

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. One point to keep in mind regarding a car loan is the fact that this loan invests in a depreciating asset i.e. the asset (car) bought using this loan is in fact going to cost less over time.

The documents that need to be submitted are - 

  • Age proof
  • ID proof
  • Application form
  •  Photograph
  •  Residence proof
  • Income proof
  •  Bank statement
  • Signature verification proof
  •  Pro-forma Invoice or Rate List.

Yes, the loan terms are negotiable. If you are taking the loan with the bank you have already done business or the bank with whom you have your salary/savings account you can ask for better terms as they already know about your earnings and financial capability.

If you are going to a new lender go prepared with your credit score, salary slip and other financial details to show that you are well off and can negotiate better terms.

Yes, car loan is offered for pre-used cars. But, the interest rate for such a loan would differ from that of a new car. However, the loan would only cover the price of the car itself, other costs as transfer of registration, etc. will have to borne by you.

Just as the name suggests, a car loan is a loan granted to an individual interested in buying a car. Therefore a car loan is a secured loan where the car you buy acts as a collateral. Therefore, there is no additional collateral requirement for a car loan. However, you do have to get the RC (registration certificate) of the car endorsed with the bank. This endorsement is cancelled after repayment of the loan is completed.

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.

Here’s why our Used Car Loan is perfect for you:

  • Quick loan payment
  • Easy documentation
  • Spot Approvals
  • Attractive Interest Rates

Yes, we do offer funding up to 100% of the ex-showroom price on select models, subject to the applicant meeting our underwriting criteria.

Once we have all your documents with us, it generally takes about 30 Minutes for us to approve your loan request.

Imported vehicles are also funded on case-to-case basis. The lending rates are dependent on various factors including cost of funds, customer credentials, geography, asset, tenor and discounts offered in the market. Tata Capital ensures that you get a transparent and good deal at the time of availing the Used Car Loan.

How To Apply

  • 1. Visit our website at www.loanmani.com
  • 2. Select your Car Loan
  • 3. Submit your application
  • 4. Provide the necessary documents and information as requested.
  • 5. Wait for our quick approval process to confirm your loan.
Apply Now

Car Loan EMI Calculator

Let's figure out your monthly installment and find the perfect product for you!

Apply For ₹50000 to ₹4000000

(Minimum loan amount ₹5L)

4.5 / 5 (15 Reviews)

Get a Loan Today

Loan Amount

Loan Months

Interest Rate

%
Loan EMI

0

Interest Payable

0

Payment (Pri + Int)

0

Compare the Best Car Loan February, 2024

One-Stop Financial Site For All Your Credit Needs

Getting Loan Made Quick, Simple And Easy

Check out and compare the best loan refinancing options below.

Bank Name(NBFC'S & Banks) Estimated APR Available Terms Loan Amount

3.00%-10.00%

Estimated APR

1 - 8 Years

Available Terms

Up to Rs.1 L - 50 L

Apply Now

other features Our Features


  • Loan tenure of up to 8 years.
  • Financing of up to 100% of the car's on-road price.
  • Quick and easy loan approval process.
  • Flexible repayment options.
  • No hidden charges or fees.

Required Documents Axis Bank Documents


  • KYC documents (PAN Card, Aadhaar Card, etc.)
  • Income proof documents (salary slips, bank statements, etc.)
  • Address proof documents
  • Car-related documents (car registration certificate, insurance certificate, etc.)

Fees & Charges Axis Bank Fees & Charges


  • Processing fees: Up to Rs. 5,500
  • Penal interest rate: 2% per month on overdue amount
  • Prepayment charges: 5% of the principal outstanding

Think About Axis Bank Think About


  • Competitive interest rates.
  • Flexible loan tenure and repayment options.
  • Financing of up to 100% of the car's on-road price.
  • Quick and hassle-free loan approval process.

Eligible Criteria Axis Bank Eligible Criteria


  • The applicant should be between the ages of 21 and 70 years.
  • The applicant should have a minimum income of Rs. 15,000 per month.
Kotak Mahindra Bank

Kotak Mahindra Bank Car Loan

7.00%-16.00%

Estimated APR

1 - 8 Years

Available Terms

Up to Rs.1 L - 75 L

Apply Now

other features Our Features


High loan amount: Kotak Mahindra Bank offers car loans ranging from Rs. 1 lakh to Rs. 75 lakhs.

Flexible repayment tenure: The repayment tenure can range from 12 months to 84 months.

Quick loan approval: Kotak Mahindra Bank offers quick loan approval and disbursal within 72 hours.

Balance transfer: Kotak Mahindra Bank offers balance transfer facility to customers who want to transfer their existing car loan to Kotak Mahindra Bank.

Required Documents Kotak Mahindra Bank Documents


Identity proof: PAN card, Aadhaar card, Voter ID, Passport, or Driving License.

Address proof: Aadhaar card, Voter ID, Passport, or Driving License.

Income proof: Salary slips, bank statements, or income tax returns.

Car documents: Car purchase agreement, RC book, insurance policy, and invoice.

Fees & Charges Kotak Mahindra Bank Fees & Charges


Processing fee: Up to 2.5% of the loan amount.

Prepayment charges: Up to 5% of the outstanding principal amount.

Late payment charges: 3% per month on the overdue amount.

Think About Kotak Mahindra Bank Think About


Wide network: Kotak Mahindra Bank has a wide network of branches and ATMs across India.

Competitive interest rates: Kotak Mahindra Bank offers competitive interest rates on car loans.

Quick loan processing: Kotak Mahindra Bank offers quick loan processing and disbursal.

Flexible repayment options: Kotak Mahindra Bank offers flexible repayment options to suit the customer's needs.

Eligible Criteria Kotak Mahindra Bank Eligible Criteria


Age: The applicant must be at least 21 years old at the time of application and a maximum of 58 years old at the end of the loan tenure.

Income: The applicant must have a minimum monthly income of Rs. 25,000.

Credit Score: The applicant must have a good credit score.

Employment: The applicant should be employed in a stable job or self-employed with a regular source of income.

7.00%-9.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 100 L

Apply Now

other features Our Features


  • Loan amounts ranging from Rs. 1 lakh to Rs. 1 crore.
  • Flexible repayment tenure of up to 7 years.
  • Hassle-free loan application process with minimal documentation.
  • Attractive interest rates and customized loan offerings.

Required Documents Citi Bank Documents


  • ID proof (Aadhaar card, PAN card, passport, voter ID card)
  • Address proof (Aadhaar card, passport, voter ID card, utility bills)
  • Income proof (salary slips, bank statements, income tax returns)
  • Age proof (birth certificate, 10th or 12th mark sheet)

Fees & Charges Citi Bank Fees & Charges


  • Processing fees: Up to 2.25% of the loan amount.
  • Prepayment charges: 5% of the outstanding principal amount.

Think About Citi Bank Think About


  • Quick loan disbursement.
  • Low interest rates.
  • Minimal documentation.
  • Pre-approved offers for existing customers.

Eligible Criteria Citi Bank Eligible Criteria


  • Applicant must be between 21 to 60 years of age
  • Should be a resident of India
  • Should have a minimum annual income of Rs. 3,00,000

7.00%-10.00%

Estimated APR

1 - 8 Years

Available Terms

Up to Rs.1 L - 300 L

Apply Now

other features Our Features


  1. HDFC Bank offers a loan up to 100% of the on-road price of the car.
  2. Flexible repayment tenure ranging from 12 months to 84 months.
  3. Quick loan approval and disbursement.
  4. Easy documentation process.
  5. Attractive interest rates.

Required Documents HDFC Bank Documents


  1. Identity proof such as Aadhaar card, PAN card, Voter ID, Passport, etc.
  2. Address proof such as Aadhaar card, driving license, Voter ID, Passport, utility bill, etc.
  3. Income proof such as salary slips, bank statements, Form 16, ITR, etc.
  4. Age proof such as Aadhaar card, PAN card, birth certificate, etc.

Fees & Charges HDFC Bank Fees & Charges


  1. Processing fees: Up to 1% of the loan amount, subject to a minimum of Rs. 3,000 and maximum of Rs. 10,000.
  2. Penal interest: 2% per month on the outstanding amount.
  3. Late payment charges: 2% per month on the outstanding EMI amount.
  4. Prepayment charges: 5% of the principal outstanding amount.

Think About HDFC Bank Think About


  1. Competitive interest rates and flexible repayment options.
  2. Quick loan approval and disbursal.
  3. No hidden charges or processing fees.
  4. Easy documentation process.
  5. Loan up to 100% of the on-road price of the car.

Eligible Criteria HDFC Bank Eligible Criteria


  1. Applicant must be an Indian resident.
  2. The minimum age of the applicant should be 21 years, and the maximum age should be 65 years at the time of loan maturity.
  3. The applicant should have a minimum monthly income of Rs. 25,000.
Bank Of Maharashtra

Bank Of Maharashtra Car Loan

7.00%-10.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 50 L

Apply Now

other features Our Features


  1. Loan amount up to 90% of on-road price of the car.
  2. Repayment tenure of up to 7 years.
  3. No prepayment charges for partial or full prepayment of the loan amount.
  4. Easy documentation and quick processing of the loan.

Required Documents Bank Of Maharashtra Documents


  1. Identity Proof (Aadhaar Card/PAN Card/Passport/Driving License/Voter ID Card)
  2. Address Proof (Aadhaar Card/Voter ID Card/Passport/Utility Bill/Registered Rent Agreement)
  3. Income Proof (Salary Slips of last 3 months/Bank Statements of last 6 months/Form 16/ITR for last 2 years/Audited Financials for last 2 years)
  4. Age Proof (School Leaving Certificate/Birth Certificate/Passport/PAN Card)
  5. Photographs (2 passport-sized)

Fees & Charges Bank Of Maharashtra Fees & Charges


  1. Processing Fee: Up to 1% of the loan amount (minimum of Rs. 1,000).
  2. Prepayment Charges: No prepayment charges for partial or full prepayment of the loan amount.
  3. Late Payment Charges: 2% per month on the outstanding installment amount.
  4. Cheque Bounce Charges: Rs. 750 per instance.

Think About Bank Of Maharashtra Think About


  1. Competitive interest rates.
  2. High loan eligibility.
  3. Flexible repayment options.
  4. No hidden charges.

Eligible Criteria Bank Of Maharashtra Eligible Criteria


  1. The applicant must be at least 21 years old at the time of applying for the loan.
  2. The maximum age of the applicant at the time of loan maturity should not exceed 70 years.
  3. The applicant must be a salaried individual or a self-employed professional or a businessman.

7.00%-10.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 100 L

Apply Now

other features Our Features


  • Loan amount of up to 90% of the on-road price of the car
  • Flexible repayment tenure of up to 7 years
  • No prepayment charges
  • Quick loan approval and disbursal
  • Easy application process with minimal documentation

Required Documents IDBI Bank Documents


  • Identity proof (Aadhaar card, passport, voter ID, etc.)
  • Address proof (electricity bill, rental agreement, etc.)
  • Income proof (salary slips, bank statements, ITR, etc.)
  • Quotation of the car to be purchased

Fees & Charges IDBI Bank Fees & Charges


  • Processing fee: Up to 2% of the loan amount
  • Late payment charges: 2% per month on the outstanding amount
  • Foreclosure charges: Nil

Think About IDBI Bank Think About


  • Attractive interest rates and flexible repayment options
  • Easy and hassle-free loan application process
  • Quick loan approval and disbursal
  • No prepayment charges
  • Dedicated customer support

Eligible Criteria IDBI Bank Eligible Criteria


  • Minimum age of the applicant should be 18 years and maximum age should be 70 years
  • Should have a minimum monthly income of Rs. 25,000 for salaried individuals and Rs. 2.5 lakhs per annum for self-employed individuals
  • Should have a minimum work experience of 2 years for salaried individuals and 3 years for self-employed individuals
Aditya Birla Capital

Aditya Birla Capital Car Loan

7.00%-20.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 100 L

Apply Now

other features Our Features


  • Loan amount ranges from Rs.1 lakh to Rs.1 crore
  • Flexible repayment tenure ranging from 1 year to 7 years
  • Quick approval and disbursal of funds
  • No collateral or security required
  • Part-prepayment and foreclosure options available

Required Documents Aditya Birla Capital Documents


  • KYC documents (Aadhaar card, PAN card, Passport, Voter ID)
  • Income proof (salary slips, bank statements, ITR documents)
  • Address proof (utility bills, rental agreement)
  • Car documents (quotation from dealer, registration certificate, insurance papers)

Fees & Charges Aditya Birla Capital Fees & Charges


  • Processing fee: Up to 2% of the loan amount
  • Prepayment charges: Up to 5% of the outstanding amount
  • Late payment charges: 2% p.m. on the overdue amount
  • Foreclosure charges: Up to 5% of the outstanding amount

Think About Aditya Birla Capital Think About


  • Competitive interest rates
  • Minimal documentation and quick approval process
  • Flexible repayment options
  • No hidden charges or fees
  • Part-prepayment and foreclosure options available
  • Dedicated customer support

Eligible Criteria Aditya Birla Capital Eligible Criteria


  • The applicant should be an Indian resident
  • The minimum age should be 21 years and the maximum age should be 65 years
  • The applicant should have a stable income source
  • The applicant should have a good credit score
IndusInd Bank

IndusInd Bank Car Loan

7.00%-15.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 100 L

Apply Now

other features Our Features


  1. High loan amounts: IndusInd Bank offers car loans up to Rs. 1 crore, depending on the creditworthiness of the borrower.
  2. Flexible repayment tenure: The bank offers loan repayment tenures ranging from 1 year to 7 years.
  3. Quick disbursal: IndusInd Bank disburses car loans quickly, sometimes within 24 hours of loan approval.
  4. Balance transfer facility: The bank offers a balance transfer facility that allows borrowers to transfer their existing car loan from another lender to IndusInd Bank for lower interest rates and better loan terms.
  5. Pre-approved car loans: IndusInd Bank offers pre-approved car loans to eligible customers, making the loan application process quicker and hassle-free.

Required Documents IndusInd Bank Documents


  1. Identity proof: Aadhaar card, passport, driving license, voter ID card, etc.
  2. Address proof: Aadhaar card, passport, driving license, voter ID card, utility bills, etc.
  3. Income proof: Salary slips, bank statements, income tax returns, Form 16, etc.
  4. Car-related documents: Quotation from the car dealer, insurance policy, registration certificate, etc.

Fees & Charges IndusInd Bank Fees & Charges


  1. Processing fee: Up to 2.50% of the loan amount.
  2. Foreclosure charges: 4% of the outstanding principal amount if the loan is foreclosed before 6 months from the date of disbursement, and 3% of the outstanding principal amount if the loan is foreclosed after 6 months.
  3. Late payment charges: 2% per month on the overdue amount.
  4. Part-payment charges: 4% of the part-payment amount.

Think About IndusInd Bank Think About


IndusInd Bank offers several benefits to customers, such as high loan amounts, flexible repayment tenure, quick disbursal of funds, balance transfer facility, and pre-approved car loans. Additionally, the bank offers competitive interest rates and charges minimal fees

Eligible Criteria IndusInd Bank Eligible Criteria


  1. The minimum age of the applicant should be 21 years, and the maximum age at the time of loan maturity should be 60 years.
  2. The applicant must be a salaried individual or a self-employed professional.
  3. The minimum annual income of the applicant should be Rs. 2.50 lakhs.
Tata Capital

Tata Capital Car Loan

7.00%-11.00%

Estimated APR

1 - 8 Years

Available Terms

Up to Rs.1 L - 100 L

Apply Now

other features Our Features


  • Loan amount can be up to 100% of the car's on-road price
  • Flexible repayment tenure ranging from 12 months to 84 months
  • Quick loan approval and disbursal process
  • Minimal paperwork and documentation
  • Competitive interest rates
  • Prepayment and foreclosure options available with nominal charges

Required Documents Tata Capital Documents


  • Identity proof: Aadhaar card, passport, voter ID, driving license, PAN card
  • Address proof: Aadhaar card, passport, voter ID, driving license, utility bills
  • Income proof: Salary slips, bank statements, income tax returns
  • Car documents: Car insurance, registration certificate, road tax receipt

Fees & Charges Tata Capital Fees & Charges


  • Processing fee: Up to 2% of the loan amount
  • Prepayment charges: 3% of the outstanding principal amount
  • Late payment charges: 2% of the overdue amount per month
  • Foreclosure charges: 5% of the outstanding principal amount

Think About Tata Capital Think About


  • Hassle-free loan application process
  • Competitive interest rates and flexible repayment tenure
  • Loan disbursal in a quick and convenient manner
  • No hidden charges or fees
  • Prepayment and foreclosure options available with nominal charges

Eligible Criteria Tata Capital Eligible Criteria


  • Applicant must be an Indian citizen or resident
  • Applicant must be at least 21 years old at the time of application and no older than 65 years at the end of the loan tenure
  • Applicant must have a minimum annual income of Rs. 2.5 lakhs
  • Applicant must have a good credit score and credit history

8.00%-10.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 20 L

Apply Now

other features Our Features


  1. Flexible repayment tenure of up to 7 years
  2. Loan amount of up to 100% of the car's ex-showroom price
  3. Quick and hassle-free application process
  4. Option to foreclose the loan without any penalty
  5. Part pre-payment facility available

Required Documents ICICI Bank Documents


Identity Proof: You need to submit any one of the following documents as identity proof: PAN card, passport, driving license, or voter ID card.

Address Proof: You need to submit any one of the following documents as address proof: Aadhaar card, passport, driving license, voter ID card, or utility bill.

Income Proof: You need to submit income proof documents to demonstrate your repayment capacity. Salaried individuals need to submit salary slips, Form 16, and bank statements of the last 3 months. Self-employed individuals need to submit income tax returns, profit and loss statement, and bank statements of the last 6 months.

Bank Statements: You need to submit bank statements of the last 6 months to demonstrate your financial stability and repayment capacity.

Proof of Employment: Salaried individuals need to submit proof of employment such as employment letter or ID card, while self-employed individuals need to submit business proof such as registration certificate or GST certificate.

Proforma Invoice of the Car: You need to submit the proforma invoice of the car you intend to purchase to ascertain the loan amount.

Passport-size Photographs: You need to submit passport-size photographs as per the bank's requirements.

Fees & Charges ICICI Bank Fees & Charges


  1. Processing fees: Up to 2% of the loan amount
  2. Prepayment charges: 5% of the outstanding loan amount
  3. Late payment charges: 2% per month on the overdue amount
  4. Foreclosure charges: 5% of the outstanding loan amount

Think About ICICI Bank Think About


  1. Competitive interest rates
  2. Flexible repayment options
  3. Quick loan disbursal
  4. Transparent and easy-to-understand terms and conditions
  5. Wide network of branches and customer service support

Eligible Criteria ICICI Bank Eligible Criteria


  1. Age: 21 to 65 years
  2. Minimum annual income: Rs. 2.5 lakhs per annum for salaried individuals and Rs. 2 lakhs per annum for self-employed individuals
  3. Employment: Salaried or self-employed for a minimum of 2 years
Fullerton India

Fullerton India Car Loan

8.00%-10.00%

Estimated APR

1 - 6 Years

Available Terms

Up to Rs.1 L - 25 L

Apply Now

other features Our Features


  • The car loan can be availed for both new and used cars
  • The loan tenure ranges from 12 months to 60 months
  • The loan amount can be up to 100% of the ex-showroom price of the car
  • The processing fee is up to 3% of the loan amount
  • Pre-payment charges may apply

Required Documents Fullerton India Documents


  • Application form with photograph
  • Proof of identity (Aadhar card, PAN card, Voter ID, Passport, etc.)
  • Proof of address (Aadhar card, PAN card, Voter ID, Passport, etc.)
  • Income proof (salary slips, bank statements, income tax returns, etc.)
  • Quotation for the car to be purchased

Fees & Charges Fullerton India Fees & Charges


  • Processing fee: Up to 3% of the loan amount
  • Pre-payment charges: Nil to 7% of the outstanding principal amount
  • Late payment penalty: 3% per month on the overdue amount
  • Cheque bounce charges: Rs. 500 per instance

Think About Fullerton India Think About


  • Quick loan processing and disbursal
  • Flexible repayment options
  • Competitive interest rates
  • Loan amount up to 100% of the ex-showroom price of the car
  • Doorstep document pickup facility

Eligible Criteria Fullerton India Eligible Criteria


  • The applicant must be a resident of India
  • The minimum age of the applicant should be 21 years at the time of application and the maximum age should be 65 years at the time of maturity of the loan
  • The applicant should have a minimum monthly income of Rs. 20,000

8.00%-11.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 50 L

Apply Now

other features Our Features


  • Loan amount: Up to 100% of the car value
  • Loan tenure: Up to 7 years
  • Quick approval and disbursal
  • Flexible repayment options
  • Minimal documentation

Required Documents InCred Documents


  • Application form with photograph
  • Identity proof: PAN card, Aadhaar card, Passport, Driving License
  • Address proof: Aadhaar card, Passport, Driving License, Utility bills, Rental agreement
  • Income proof: Latest salary slip or Form 16, Last 3 months bank statement
  • Photographs
  • Any other documents as requested by the lender

Fees & Charges InCred Fees & Charges


  • Processing fee: Up to 2% of the loan amount
  • Prepayment charges: Up to 5% of the outstanding principal
  • Late payment charges: 2% per month on the overdue amount
  • Documentation charges: As per the lender's policy

Think About InCred Think About


  • Competitive interest rates
  • Up to 100% financing of the car value
  • Quick loan approval and disbursal
  • Minimal documentation
  • Flexible repayment options
  • Dedicated customer support

Eligible Criteria InCred Eligible Criteria


  • Age: 21 years and above
  • Employment: Salaried and self-employed individuals
  • Credit score: Minimum credit score of 700

8.00%-11.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 10 L

Apply Now

other features Our Features


  1. Quick and hassle-free loan processing
  2. Minimal documentation required
  3. Flexible loan repayment options
  4. Competitive interest rates
  5. No collateral required

Required Documents Home Credit Documents


  1. Identity proof (Aadhaar card, passport, driving license, PAN card)
  2. Address proof (utility bill, Aadhaar card, driving license)
  3. Income proof (salary slips, bank statements, ITR)

Fees & Charges Home Credit Fees & Charges


  1. Processing fees - up to 3% of the loan amount
  2. Prepayment charges - up to 5% of the outstanding loan amount
  3. Late payment charges - 2% per month of the overdue amount
  4. Cheque bounce charges - Rs. 500 per cheque bounce

Think About Home Credit Think About


  1. Minimal documentation required
  2. No collateral required
  3. Quick and hassle-free loan processing
  4. Flexible repayment options
  5. Competitive interest rates

Eligible Criteria Home Credit Eligible Criteria


  1. The applicant must be an Indian citizen or a resident
  2. The minimum age of the applicant must be 18 years
  3. The applicant must have a valid driving license
  4. The applicant must have a stable source of income

9.00%-15.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 5 L

Apply Now

other features Our Features


  • Loan amount ranging from Rs. 1 lakh to Rs. 5 crores
  • Loan tenure ranging from 1 year to 7 years
  • Quick and hassle-free loan processing
  • High loan-to-value ratio (up to 100% of ex-showroom price)
  • No prepayment penalty
  • Balance transfer facility available

Required Documents YES BANK Documents


  • Identity proof (PAN Card, Aadhaar Card, Passport, Driving License)
  • Address proof (Aadhaar Card, Voter ID, Passport, Utility Bill)
  • Income proof (salary slips, bank statements, income tax returns)
  • Passport-sized photographs

Fees & Charges YES BANK Fees & Charges


  • Processing fees: Up to 2% of the loan amount
  • Prepayment charges: Nil
  • Late payment charges: 24% per annum on overdue amount
  • Foreclosure charges: Nil

Think About YES BANK Think About


  • Competitive interest rates
  • Flexibility in loan repayment options
  • Easy eligibility criteria
  • Quick and hassle-free loan processing
  • No prepayment penalty

Eligible Criteria YES BANK Eligible Criteria


  • Minimum age of applicant: 21 years
  • Maximum age of applicant: 65 years
  • Minimum annual income: Rs. 3 lakhs per annum
  • Should be a salaried individual or self-employed professional/businessman
IIFL Finance Ltd

IIFL Finance Ltd Car Loan

9.00%-17.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 50 L

Apply Now

other features Our Features


  • Loan tenure of up to 7 years
  • Funding up to 100% of the car's on-road price
  • Flexible repayment options
  • Quick and hassle-free loan disbursal process
  • No prepayment charges for individual borrowers
  • Doorstep service for document collection

Required Documents IIFL Finance Ltd Documents


  • ID proof (Aadhaar card, passport, driving license, voter ID card)
  • Address proof (Aadhaar card, passport, driving license, voter ID card, utility bills)
  • Income proof (salary slips, bank statements, income tax returns)
  • Car-related documents (purchase invoice, registration certificate, insurance policy)

Fees & Charges IIFL Finance Ltd Fees & Charges


  • Processing fee: Up to 2% of the loan amount
  • Documentation charges: Rs. 500 to Rs. 5,000
  • Late payment penalty: 3% per month on the outstanding amount
  • Foreclosure charges: Nil for individual borrowers, up to 6% for non-individual borrowers

Think About IIFL Finance Ltd Think About


  • Competitive interest rates
  • Simple and transparent loan process
  • High loan-to-value ratio
  • Minimal documentation required
  • No hidden charges or fees

Eligible Criteria IIFL Finance Ltd Eligible Criteria


  • Applicant must be an Indian resident
  • Applicant must be between 21 and 65 years of age
  • Applicant must have a minimum monthly income of Rs. 20,000 for a new car and Rs. 15,000 for a used car
  • Applicant must have a stable employment history or a stable business for at least 2 years

9.00%-11.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 100 L

Apply Now

other features Our Features


  • High loan-to-value ratio
  • Flexible repayment tenure up to 7 years
  • Attractive interest rates
  • Minimal documentation
  • Quick loan processing and disbursal
  • Customized EMI options

Required Documents Chola Documents


  • Filled application form
  • Identity proof (Aadhaar Card, Passport, Voter ID, Driving License, etc.)
  • Address proof (Aadhaar Card, Passport, Voter ID, Driving License, Utility Bill, etc.)
  • Income proof (Salary slips, ITR, Bank statements, etc.)
  • Photographs
  • Car quotation or proforma invoice

Fees & Charges Chola Fees & Charges


  • Processing fee: Up to 1% of the loan amount
  • Prepayment charges: Up to 3% of the outstanding principal
  • Late payment charges: 3% per month on overdue amount
  • Foreclosure charges: Up to 3% of the outstanding principal
  • Cheque bounce charges: ₹500 per instance

Think About Chola Think About


  • Competitive interest rates
  • High loan-to-value ratio
  • Quick and hassle-free loan processing
  • Flexible repayment tenure up to 7 years
  • Customized EMI options to suit the borrower's needs
  • Minimal documentation required for loan processing

Eligible Criteria Chola Eligible Criteria


  • Applicant should be a resident of India
  • Minimum age of the applicant should be 18 years
  • Minimum annual income of the applicant should be ₹2.5 lakhs
Standard Chartered Bank

Standard Chartered Bank Car Loan

9.00%-11.00%

Estimated APR

1 - 7 Years

Available Terms

Up to Rs.1 L - 50 L

Apply Now

other features Our Features


  1. Quick and hassle-free loan approval process
  2. Flexible repayment tenure of up to 7 years
  3. Part pre-payment facility available
  4. Balance transfer facility available
  5. Provision to apply jointly with a co-applicant
  6. Up to 100% of the car value can be financed
  7. Option to choose between fixed and floating interest rates

Required Documents Standard Chartered Bank Documents


  1. Proof of identity (Aadhaar card, passport, PAN card, etc.)
  2. Proof of address (electricity bill, telephone bill, etc.)
  3. Income proof (salary slips, bank statements, etc.)
  4. Employment proof (employee ID card, appointment letter, etc.)
  5. Car-related documents (invoice, registration certificate, etc.)

Fees & Charges Standard Chartered Bank Fees & Charges


  1. Processing fee: Up to 0.5% of the loan amount or Rs. 5,000 (whichever is higher)
  2. Prepayment charges: Up to 5% of the principal outstanding on fixed rate loans and nil on floating rate loans
  3. Late payment charges: 2% per month on the overdue amount

Think About Standard Chartered Bank Think About


  1. Low interest rates
  2. Flexible repayment options
  3. Quick and hassle-free loan approval process
  4. Part pre-payment facility available
  5. Online application and tracking facilities available

Eligible Criteria Standard Chartered Bank Eligible Criteria


  1. The applicant must be a salaried or self-employed individual.
  2. The minimum age of the applicant should be 21 years and the maximum age should not exceed 65 years.
  3. The minimum net monthly income of the applicant should be Rs. 25,000 for salaried individuals and Rs. 2 lakhs per annum for self-employed individuals.
Ujjivan Small Finance Bank Ltd

Ujjivan Small Finance Bank Ltd Car Loan

10.00%-15.00%

Estimated APR

1 - 8 Years

Available Terms

Up to Rs.1 L - 25 L

Apply Now

other features Our Features


  1. Ujjivan Small Finance Bank offers car loans for the purchase of both new and used cars.
  2. The bank provides up to 100% financing for the on-road price of the car.
  3. The car loan comes with flexible repayment options ranging from 12 to 84 months.
  4. The bank offers a quick and hassle-free loan application process with minimal documentation requirements.
  5. Ujjivan Small Finance Bank provides doorstep services for loan disbursement and document collection.

Required Documents Ujjivan Small Finance Bank Ltd Documents


  1. Identity proof (Aadhaar card, PAN card, Passport, Voter ID, Driving License)
  2. Address proof (Aadhaar card, Passport, Voter ID, Driving License, utility bills)
  3. Income proof (salary slips, income tax returns, bank statements)
  4. Photographs
  5. Car quotation from authorized dealer

Fees & Charges Ujjivan Small Finance Bank Ltd Fees & Charges


  1. Processing fee: Up to 2% of the loan amount
  2. Prepayment charges: Nil for floating interest rate loans, up to 5% of the outstanding loan amount for fixed interest rate loans
  3. Late payment charges: 2% per month on the overdue amount
  4. Foreclosure charges: Up to 5% of the outstanding loan amount

Think About Ujjivan Small Finance Bank Ltd Think About


  1. The bank offers competitive interest rates and flexible repayment options.
  2. Ujjivan Small Finance Bank provides quick loan disbursement and doorstep services for document collection and loan repayment.
  3. The bank offers car loans for the purchase of both new and used cars, providing greater flexibility for borrowers.

Eligible Criteria Ujjivan Small Finance Bank Ltd Eligible Criteria


  1. Individuals aged between 21-65 years
  2. Salaried employees or self-employed individuals with a minimum annual income of Rs. 2.5 lakhs
  3. The applicant should have a minimum CIBIL score of 700
  4. The car loan applicant should be a resident of India
WhatsApp Icon