Drive your dream car home
Car Loan
Get behind the wheel of your dream car with our quick and flexible auto loans. Competitive rates for both new and pre-owned vehicles with minimal documentation.
8.7%
Starting Rate
30 L
Max Amount
7 Yrs
Max Tenure
Key Features & Benefits
Up to 100% on-road price financing for new, used and electric cars, from 8.7% p.a. over as long as 7 years.
Popular Use Cases
New, pre-owned, luxury or electric — financing for every kind of car buyer.
New Car Purchase
Buy the latest model from any authorized dealer.
Used Car Purchase
Financing for certified pre-owned vehicles.
Car Refinance
Refinance existing car loan at lower rates
Luxury Cars
Special financing for premium vehicles.
First Car
Easy options for first-time car buyers.
Electric Vehicles
Special rates for eco-friendly EVs.
Eligibility Criteria
The income, credit score and vehicle-age conditions for new and used car loans.
Age
21 to 65 years
Employment
Salaried or Self-Employed
Min. Income (Salaried)
₹20,000 per month
Min. Income (Self-Employed)
₹3 Lakhs per annum
Credit Score
700 and above
Car Age (Used)
Not older than 7 years at loan maturity
Required Documents
Your KYC, income proof and the dealer invoice are all it takes to get started.
PAN Card and Aadhaar Card
Income proof (Salary slips / ITR)
Bank statements for last 3-6 months
Address proof (Utility bill)
Proforma invoice from dealer
Passport-size photographs
RC Book (for used car refinance)
Car Loan FAQs
Answers on financing limits, fixed versus floating rates, used cars and foreclosure.
New cars: 90-100% ex-showroom. Used cars: 75-85% of evaluated value.
Fixed stays constant; floating is linked to benchmark rate. Most car loans use fixed rates.
Yes, for cars not older than 5-7 years at application. Total age at maturity should not exceed 10 years.
Yes, after 6-12 month lock-in. Most lenders allow with nominal charges.
Ready to Drive Home Your Next Car New, Used, or Electric?
Get in touch with our team to explore financing options suited to your budget and vehicle choice.