Auto Loan

Interest from 8% p.a.

Auto loans help you purchase new or used vehicles including cars, SUVs, and commercial vehicles. We offer specialized loan products for Car Loans starting from 8% p.a. and Commercial Vehicle Loans starting from 8.5% p.a. With financing up to 100% of vehicle value and tenures up to 7 years, you can drive home your vehicle with minimal upfront payment.

Interest Rate

8% - 8.5%

Tenure

1 - 7 Years

Processing Fee

0.5% - 2%

Interested in Auto Loan?

Submit your enquiry and our experts will help you find the best loan option.

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Key Features

Car Loan

Interest from 8% p.a.

Commercial Vehicle

Interest from 8.5% p.a.

100% On-Road Funding

Full vehicle financing

Quick Approval

Approval within hours

Eligibility Criteria

Basic Requirements

  • Age: 18 to 70 years
  • Minimum Annual Income: ₹3,00,000
  • Minimum CIBIL Score: 700

Employment Type

salariedself employedbusinessprofessional

Additional Requirements

  • Car Loan: Interest from 8% p.a.
  • Commercial Vehicle Loan: Interest from 8.5% p.a.

Required Documents

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Aadhaar Card*

12-digit unique identification number issued by UIDAI

Alternatives: Passport, Voter ID, Driving License

PAN Card*

Permanent Account Number for tax identification

Passport Size Photos*

Recent color photographs (2-4 copies)

Address Proof*

Current residential address verification

Alternatives: Utility Bill, Bank Statement, Aadhaar Card, Passport

Salary Slips*

Last 3-6 months salary slips

Bank Statement*

Last 6 months salary account statement

Form 16*

Tax deduction certificate from employer

Vehicle Quotation*

Proforma invoice from dealer

Benefits of Auto Loan

Car Loan from 8% p.a., Commercial Vehicle from 8.5% p.a.

Financing up to 100% of on-road price

No prepayment penalty after 6 months

Flexible tenure up to 7 years

Used vehicle financing available

Frequently Asked Questions

What are the interest rates for Car and Commercial Vehicle loans?
Car Loan interest starts from 8% p.a. and Commercial Vehicle Loan starts from 8.5% p.a.
Can I get 100% vehicle financing?
Yes, many lenders offer up to 100% financing on new vehicles. For used vehicles, typically 80-85% of the value is financed.
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Ready to Apply for Auto Loan?

Submit your enquiry now and get expert guidance on the best auto loan options for your needs.

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