Funding Up to the On-Road Price
Depending on your profile, financing can stretch to cover registration and insurance too.
Car Loan
Drive Away Sooner, Repay on Your Terms
Whether it's a new car straight from the showroom or a used one you've had your eye on, a car loan is financed against the vehicle itself—usually one of the quicker approvals in secured lending.
Up to 100%Of on-road price, indicative
9%+ p.a.Starting rate, illustrative
Up to 84 monthsRepayment tenure
Before you apply
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Have finalised, or are close to finalising, a vehicle
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Can manage the margin amount, if financing less than 100%
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Have proof of stable income to show
Why it works
Financed Against the Car, Not Against Everything Else
Because the vehicle itself is the security, approvals tend to move faster than unsecured borrowing of a similar size.
Fast Turnaround
With the vehicle as security, approvals often move quicker than an unsecured loan of similar size.
New & Used Vehicles Covered
Financing isn't limited to showroom-fresh cars—used vehicles within an eligible age range qualify too.
Loan variants
More Than Just a New-Car Purchase
A car loan covers more situations than buying brand new off the lot.
New Car Loan
Finance a brand-new vehicle, often with the highest funding percentage available.
Used Car Loan
Buy a pre-owned vehicle within the lender's accepted age and condition range.
Car Refinance
Borrow against a car you already own outright, using it as fresh security.
Car Loan Balance Transfer
Move your existing car loan to a lender offering a better rate on the outstanding amount.
Top-Up on Existing Car Loan
Add a little extra funding onto a car loan you're already repaying well.
Commercial Vehicle Loan
Financing structured for vehicles used for business or commercial purposes.
Eligibility
Where Do You Stand?
General guidelines lenders weigh for a car loan. Actual criteria differ by lender and are confirmed during assessment.
Who typically qualifies
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Age21 to 65 years, with the loan usually closing before you turn 70.
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IncomeA stable income able to support the EMI on top of running costs.
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Employment stabilityA reasonable tenure with your employer or business.
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Vehicle ageFor used cars, most lenders cap total age including the loan tenure.
What strengthens your case
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Credit scoreA stronger score can improve your funding percentage and rate.
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Margin readyBeing able to fund part of the on-road price yourself helps.
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Complete KYCPAN, Aadhaar and address proof kept current.
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Clean banking recordNo recent cheque bounces or overdue remarks.
Documents
Sorted by Who You Are
Pick the category closest to yours. Requirements can still shift slightly by lender.
- PAN card and Aadhaar, or another valid ID
- Latest 2–3 months' salary slips
- Salary account statement for the last 6 months
- A recent passport-size photograph
- PAN card and Aadhaar, or another valid ID
- Business registration or proof of practice
- Income tax returns for the last 2 years
- Bank statements for the last 6–12 months
- Vehicle quotation or proforma invoice
- Registration certificate (RC), for used cars
- Valid insurance copy
- Valuation report, for used cars
How to apply
From Choosing a Car to Driving It Home
Choose your vehicle & get a quote
Have the on-road price or dealer quotation ready before you apply.
Share income & KYC details
Submit your documents securely, without a branch visit.
Vehicle check, if used
A used car typically goes through a quick valuation and condition check.
Review your sanction offer
See the funded amount, rate and tenure clearly before accepting.
Funds disbursed to the seller
The lender pays the dealer or seller directly, and you drive away.
Plan the repayment
See What It Might Cost You Each Month.
Move the sliders to get an illustrative EMI before you apply. Your actual offer depends on the vehicle, your profile and the lender's assessment.
Example only—not an offer or approval.
₹1L₹1Cr
12 months84 months
9%18%
Estimated monthly payment₹
16,800at an illustrative 9.5% p.a.
Apply Now
FAQs
Car Loan Questions, Answered
Some lenders fund close to the full on-road price for strong profiles,
but many expect a small margin from you. This is confirmed once your application is assessed.
Yes, most lenders cap the vehicle's total age—including your loan
tenure—at a set number of years from the car's manufacture date.
You'd typically need to close the loan first, since the lender holds a
hypothecation on the vehicle until it's fully repaid.
Comprehensive insurance is usually mandatory for a financed vehicle, but
you're typically free to choose your own insurer unless the lender requires otherwise.
Some lenders apply a prepayment or foreclosure charge on car loans,
particularly on fixed-rate loans. This is disclosed in your sanction letter.
Yes, though commercial vehicle financing is usually assessed separately,
with terms tied to the vehicle's business use.