Car Loan Features

Low Interest Rates

Rates starting at just 9% p.a.

Flexible Tenure

Repayment options from 12 to 84 months.

Fast Processing

Get funds quickly with minimal documentation.

No Collateral Required

100% unsecured loan for your car purchase.

Why Choose Our Car Loan?

Experience the best in car loans:

  • No collateral or guarantor required
  • Quick loan approval and disbursal
  • Simple application process with minimal paperwork
  • Loans up to ₹50 lakhs
  • Clear, transparent terms with no hidden charges

Drive Your Dream Car

Car loans tailored for your needs, whether it's for a new car, used car, or car renovation.

  • Flexible repayment options
  • Quick loan processing
  • No hidden fees or charges

Apply for a Car Loan Today

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Car Loan Eligibility

Check your eligibility for a car loan:

  • Age - 21 to 60 years old
  • Income - Minimum monthly income of ₹25,000
  • Credit Score - Minimum 650

Documents Required

  • Identity Proof (Aadhar, PAN Card)
  • Address Proof (Utility Bills, Passport)
  • Income Proof (Salary Slips, Bank Statements)
  • Bank Statement (Last 3 months)

Car Loan Calculator

Estimate your monthly EMI for a car loan using the formula below.

EMI Calculation Formula:

The formula for calculating EMI is:

EMI = P × r × (1 + r)^n / [(1 + r)^n - 1]

Example EMI Calculation:

Example details:

  • Loan Amount (P): ₹5,00,000
  • Annual Interest Rate: 9% (monthly r = 0.0075)
  • Tenure (n): 5 years (60 months)

EMI = ₹10,286.22

Frequently Asked Questions
What is a car loan?
A car loan is a secured loan that helps you purchase a new or used car. The car you buy acts as collateral for the loan.
How much car loan can I get?
Car loan amounts typically range from ₹1,00,000 to ₹1,00,00,000 depending on the vehicle's value, your income, credit score, and loan terms.
Do I need collateral for a car loan?
Yes, car loans are secured loans, which means the vehicle you're purchasing will serve as collateral.
How long does it take to process a car loan?
Car loan approval can be processed in as little as 24 hours, depending on the lender and your documentation. Once approved, the funds will be disbursed quickly.
What are the eligibility criteria for a car loan?
You must be between 21 and 65 years of age, have a steady income, and a good credit score (usually above 650) to qualify for a car loan.