Vehicle Loan

A vehicle loan is a financing solution that helps you arrange funds for purchasing a vehicle, whether it's a two-wheeler or a four-wheeler. The lender pays the dealer directly on behalf of the buyer, and the loan amount is repaid in equated monthly instalments (EMIs) over a set tenure. This type of secured loan uses the vehicle itself as collateral.

Types of Vehicle Loan

Car Loan:

A car loan enables you to purchase a brand-new car from your preferred brand. You can avail financing for up to 80-90% (subject to terms) of the on-road price of the car, with the remaining amount paid as a down payment. The loan amount can be repaid in EMIs over a tenure of up to 7 years, depending on your preference. You can also apply for a car loan online for added convenience.

Two-Wheeler Loan:

A two-wheeler loan provides funding for any type of two-wheeler, including motorcycles and scooters (both geared and non-geared). You can finance up to 100% of the vehicle's on-road price (terms apply). This loan option also offers the convenience of online applications.

Used Car Loan:

Also known as a second-hand car loan, this option helps you purchase a pre-owned vehicle without paying the entire amount upfront. Financing of up to 75% of the vehicle’s assessed value is available (variable).

Features of Our Vehicle Loan

  • High-Value Financing: Our Loan-to-Value (LTV) ratio ensures you get the best financing options for your chosen vehicle, minimizing the need for a large down payment.
  • Competitive Interest Rates: We offer some of the most competitive interest rates for new car loans, used car loans, and two-wheeler loans.
  • Quick Loan Disbursal: Your loan amount will be disbursed promptly upon approval, allowing you to purchase and register your vehicle without delay.
  • Flexible Repayment Options: Choose from a range of repayment plans tailored to your convenience. Car loans generally come with a tenure of up to 7 years, while two-wheeler loans offer a tenure of up to 2 years.
  • Hassle-Free Documentation: Our streamlined loan application process lets you apply online and submit scanned copies of the required documents, saving you time and effort.

Eligibility Criteria

Eligibility for a vehicle loan depends on the type of loan you’re applying for (car loan, two-wheeler loan, or used car loan). To qualify:

  • You should have a stable source of income.
  • You need a good credit score.

Required Documents

To apply for a vehicle loan, keep the following documents handy:

  • Proof of Income: Form 16, salary slips, or Income Tax Return documents.
  • Proof of Identity: Aadhaar Card, Driving License, Passport, or PAN Card.
  • Bank Statements: Last three to six months.
  • Proof of Age: Matriculation Certificate, Aadhaar Card, or Birth Certificate.
  • Proof of Address: Aadhaar Card, Driving License, Ration Card, Passport, or Voter ID.

Why Choose Us?

We are committed to providing flexible, reliable, and convenient vehicle loan solutions. Whether you are a salaried individual or self-employed, we understand your unique needs and offer tailored financing options for both cars and two-wheelers.

  • Quick loan approvals and disbursals to expedite your vehicle purchase.
  • Minimal documentation for a hassle-free process.
  • Flexible repayment options designed to suit your financial plan.

Explore our vehicle loan options today and drive home your dream vehicle with ease!