Key Features
- Competitive interest rates starting at 9.00% p.a.
- Two-wheeler and four-wheeler loans
- Flexible repayment tenure up to 7 years
- Minimum documentation required
- Financing available for new and used vehicles
- Up to 90% of on-road price financing
- Quick approval within 24-48 hours
- No hidden charges or prepayment penalties
Vehicle Loan Types
New Car Loan
Finance your brand new car with attractive interest rates
Interest Rate:
9.00% p.a.
Tenure:
Up to 7 years
Used Car Loan
Get financing for pre-owned vehicles
Interest Rate:
10.50% p.a.
Tenure:
Up to 5 years
Two Wheeler Loan
Easy financing for bikes and scooters
Interest Rate:
11.00% p.a.
Tenure:
Up to 5 years
Eligibility Criteria
Age
Minimum 21 years and maximum 65 years at loan maturity
Income
Minimum monthly income of ₹15,000 for salaried individuals
Minimum annual income of ₹2 Lakhs for self-employed
Employment
Minimum 1 year of work experience for salaried
Minimum 2 years of business continuity for self-employed
Credit Score
CIBIL score of 650 or above preferred
Documents Required
Identity & Address Proof
- PAN Card (mandatory)
- Aadhaar Card
- Passport / Voter ID / Driving License
- Recent passport size photographs
- Utility bills (not older than 3 months)
Income Proof
- Last 3 months salary slips
- Bank statements (6 months)
- ITR for last 2 years
- Form 16 (for salaried)
- Business proof (for self-employed)
- Income tax returns
Vehicle Documents
- Proforma invoice from dealer
- Vehicle quotation
- Insurance documents
- For used vehicles: RC copy, NOC from previous lender
Interest Rates & Charges
| Particulars | Details |
|---|---|
| New Car Interest Rate | 9.00% – 11.00% p.a. |
| Used Car Interest Rate | 10.50% – 12.50% p.a. |
| Processing Fee | 1% of loan amount + GST |
| Prepayment Charges | 2% on outstanding amount |
| Loan Tenure | 12 months to 84 months |
Why Choose Our Vehicle Loan?
Best market rates
Approval in 24 hours
Flexible EMI options
Simple documentation