Car Loan
Drive home your new car
Up to 100% on-road funding for new cars and competitive funding on pre-owned cars, two-wheelers and commercial vehicles. Compare offers from multiple financiers and drive out with the best deal.
Interest rate
from 8.75% p.a.
Loan amount
Up to ₹1 Cr
Max tenure
up to 8 years
Processing fee
0.40% – 1.00% of loan amount
Key features
Car Loan highlights
- Interest rates starting 8.75% p.a. (indicative)
- Up to 100% on-road price funding on select models
- Tenure up to 8 years for comfortable EMIs
- Pre-owned car loans with quick valuation
- Balance transfer and top-up on existing car loans
- Funding for two-wheelers and commercial vehicles
Get the best car loan offer today
Free consultation with a dedicated manager. Compare multiple sanctioned offers before you choose.
Plan it
Car Loan EMI calculator
Prefilled with typical values for this product — adjust to match your requirement.
Indicative calculation for a reducing-balance loan. Your actual EMI depends on the lender's final rate and schedule.
Your monthly EMI
₹15,962
Principal amount
₹10 L
Total interest
₹3.41 L
- Principal
- ₹10,00,000
- Total interest
- ₹3,40,849
- Total payable
- ₹13,40,849
Eligibility
Who qualifies
- Age between 21 and 65 years at loan maturity
- Salaried or self-employed with regular income
- Minimum net monthly income of ₹20,000
- Credit score of 700+ preferred for the best rates
- Valid driving licence in the applicant's name
Documents
Keep these ready
- Identity and address proof — PAN, Aadhaar, passport
- Income proof — 3 months' salary slips or 2 years' ITR
- 6 months' bank statements
- Driving licence of the applicant
- Vehicle quotation / invoice from the dealer
- Existing car loan statement, for balance transfers
Costs, upfront
Interest rates & charges
Indicative ranges across partner lenders. Your final schedule is shared in writing before you sign.
| Charge | Details |
|---|---|
| Interest rate | 8.75% p.a. onwards (indicative) |
| Processing fee | 0.40% – 1.00% of loan amount |
| Prepayment / foreclosure | Nil – 5% depending on lender |
| Late payment penalty | 2% – 3% per month on overdue EMI |
| Cheque / ECS bounce | ₹400 – ₹750 per instance |
| Hypothecation cancellation (post closure) | ₹100 – ₹500, RTO actuals |