Your Dream Car
is Waiting.
Up to ₹47 Lakh funding. Minimal documentation. Ownership from Day 1.
Car Loan Eligibility
Eligibility depends on your income, credit score (usually 650+), and stability. Lenders check these to ensure repayment capability.
- Age Limit21 to 60 Years
- StabilityMin 2 Years Work Exp (1 Year in current)
- IncomeMin ₹3,00,000 per year
Why Choose Us?
EMI Calculator
Monthly EMI
₹0
Total Interest
₹-500,000
Total Amount
₹0
How is it calculated?
The mathematical formula for calculating EMI is:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]Where P = Principal, R = Monthly Interest Rate, N = Tenure in months.
Key Features
Loan up to ₹47 Lakh
High value funding for premium vehicles.
3 Unique Variants
Standard, Flexi, or Secured loan options.
72 Months Tenure
Flexible repayment up to 6 years.
Ownership Day 1
Hypothecated to bank, but you drive immediately.
Immediate Funds
Quick disbursal directly to the dealer.
Tax Benefits
Potential tax deductions for business usage.
Documents & Fees
Required Documents
Fees & Charges
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 1.5% to 4% of loan amount |
| Loan Cancellation | Approx ₹5,000 |
| Stamp Duty Charges | As per actuals |
| Legal Fees | As per actuals |
| Penal Charges | 2% per month (24% p.a.) |
| EMI / Cheque Bounce | Approx ₹400 per bounce |
Frequently Asked Questions
A car loan is a secured loan where the lender provides funds to purchase a vehicle, and the vehicle serves as collateral until the loan is repaid.
A down payment reduces the total loan amount, lowers your monthly EMI burden, and improves your chances of loan approval.
Fixed rates remain the same throughout the tenure, offering predictable EMIs. Variable rates fluctuate with market trends.
Yes, most banks allow prepayment after 6-12 months. Foreclosure charges (usually 3-5%) may apply.
New car loans generally have lower interest rates (8-9%) and higher LTV. Used car loans have higher rates (12-15%) due to valuation risks.
Missing payments attracts penal charges and hurts your credit score. Continued default may lead to vehicle seizure by the bank.
Maintain a high credit score (750+), keep documents ready, and ensure a stable income to debt ratio.
A CIBIL score of 650+ is generally required, though 750+ gets you the best interest rates.
You can avail up to 100% of the on-road price for select models, or typically up to 85-90% of the car value.
Tenures typically range from 12 months (1 year) to 84 months (7 years), with 72 months being very common.
Once the loan is fully repaid, the bank issues a No Objection Certificate (NOC) which you submit to the RTO to remove the hypothecation.
Ready to drive?
Get up to ₹47 Lakh loan with 72 months tenure.