New Car Loan:

Getting a vehicle mortgage is step one in the direction of knowing your dream of owning a automobile. Regardless of your choice for a new or used car, a automobile loan offers a achievable economic solution that places the opportunity of ownership within your grasp. These loans often accommodate a number of financial instances with their bendy compensation terms and competitive hobby rates.

People can buy a vehicle with self belief and put less emphasis on on the spot monetary strain and greater emphasis at the pleasure of driving with the help of financing establishments. Auto loans permit people to pick out motors that healthy their necessities and way of lifestyles, selling ease and independence.

Vеrify Your Crеdit Rating
Calculatе thе Loan Amount
assеmblе thе nеcеssary papеrwork
Prе-еligibility
Sеnd Your Application
Obtain immеdiatе approval
Chеck thе Loan Tеrms

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Current Interest Rate on New Car Loans

Name of Lender New Car Loan Interest Rates Processing Fees
Bank of Baroda New Car Loan 9.40% p.a. onwards Rs.1,500
Canara Bank New Car Loan 9.15% p.a. onwards 0.25% of the loan amount, subject to a minimum of Rs.1,000
and a maximum of Rs.5,000
Axis Bank New Car Loan 8.55% p.a. onwards Minimum of Rs.3,500 and maximum of Rs.7,000
Federal Bank New Car Loan 11.00% p.a. onwards As per bank guidelines
SBI New Car Loan 8.60% p.a. onwards New Car: Nil

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Eligibility criteria and documents required

Anyone can apply for our New Car Loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process. Meet the easy eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.

Eligibility criteria
Nationality: Indian
Age: 21 years to 80 years*
Employed with: Public, private, or MNC
Nationality: Indian
CIBIL score: 685 or higher
Monthly salary: Starting Rs. 25,001, based on the city you live in
Documents required
KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
PAN card
Employee ID card
Salary slips of the last 3 months
Bank account statements of the previous 3 months

*Higher age limit is applicable at the time of loan maturity.

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What Clients Say

Loved By Our Clients

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