Car Loan in India
Finance a new or used car with competitive interest rates, quick approval and flexible tenure. Share your details and our team will call you with the best offers.
Get the best car loan offers
Fill in your details and we will call you back.
Why take a car loan?
- Low down payment — drive home your car with as little as 10% upfront.
- Flexible tenure — repay over 1 to 7 years to keep the EMI comfortable.
- Quick approval — minimal paperwork and fast disbursal for most applicants.
- New and used cars — loans are available for both.
Car loan eligibility
- Age 21 to 65 years at the time of loan maturity.
- Stable income — salaried or self-employed.
- A good credit score (750+ gets the best rates).
- Indian resident with valid identity and address proof.
How it works
- Fill the short form with your name, phone and city.
- Our team calls you to understand your requirement.
- Compare the loan offers and pick the one that suits you.
- Submit documents and get the loan disbursed.
Want to know your monthly payment first? Use the car loan EMI calculator.
Frequently asked questions
What documents are needed for a car loan?
Usually proof of identity (Aadhaar, PAN), address proof, recent salary slips or income-tax returns, 3–6 months of bank statements and passport-size photos. Self-employed applicants may also need business proof and ITR for the last two years.
What is a good credit score for a car loan?
A CIBIL score of 750 or above gives you the best chance of quick approval and a lower interest rate. Lower scores can still get approved, usually at a higher rate or with a bigger down payment.
How much down payment should I make?
Most buyers pay 10–20% of the on-road price upfront. A larger down payment reduces your loan amount, EMI and the total interest you pay.
What loan tenure should I choose?
Car loans typically run 1 to 7 years. A longer tenure lowers the monthly EMI but increases total interest, so choose the shortest tenure whose EMI you can comfortably afford.
Can I get a loan for a used car?
Yes. Used car loans are available for most cars up to a certain age. Interest rates are usually a little higher than for new cars and the loan amount depends on the valuation of the car.
Are there any prepayment or foreclosure charges?
It depends on the lender. Many charge a small fee for closing the loan early, some do not. Ask for the foreclosure terms in writing before you sign.