AUTO FINANCE

New & Used Car Loan - Drive Your Dream Car

Up to 100% on-road price • Low interest rates • Flexible tenure • Instant approval

Check Your FREE Credit Score
Calculate EMI Apply Now
100%
On-Road Price
7.5%
Interest From
7 Years
Max Tenure
48 Hours
Quick Approval

Why Choose Our Car Loan?

Finance your dream car with flexible EMI and lowest interest rates

Lowest Interest Rates

Starting from 7.5% p.a. - competitive rates from 50+ lenders

100% Funding

Finance up to 100% of on-road price including registration & insurance

Flexible Tenure

Repayment period up to 7 years for comfortable monthly EMI

Quick Approval

Get approval in 48 hours with minimal documentation

New & Used Cars

Finance available for both brand new and pre-owned vehicles

Minimal Documentation

Simple paperwork - just KYC, income proof & bank statement

COMPARISON

New Car Loan vs Used Car Loan

Understand the key differences

Feature New Car Loan Used Car Loan
Interest Rate 7.5% - 10% p.a. 9% - 14% p.a.
Loan Amount (% of value) Up to 100% Up to 80-85%
Maximum Tenure 7 years 5 years
Car Age Limit Brand New (0 years) Up to 10 years old
Valuation Required Invoice price Professional valuation
Processing Time 2-3 days 3-5 days
Documentation Standard KYC + Income KYC + Income + Car papers
Best For Latest models & features Budget-conscious buyers

VEHICLE TYPES

Finance Any Vehicle Type

Hatchback Cars
Sedan Cars
SUV & MUV
Luxury Cars
Sports Cars
Electric Vehicles
Pre-Owned Cars
Certified Used Cars

Eligibility Criteria

  • Age: 21 to 65 years
  • Income: Min ₹20,000/month (Salaried)
  • Employment: 1+ year with current employer
  • CIBIL Score: 750+ (Preferred)
  • Driving License: Valid DL required

Documents Required

Aadhaar & PAN Card

Salary Slips (3 months)

Bank Statement (6 months)

Driving License

Car Proforma Invoice

Passport Size Photos

FINANCIAL PLANNING TOOLS

Car Loan EMI & Balance Transfer Calculator

Calculate your car loan EMI or compare balance transfer savings

₹10,00,000
₹1L ₹50L
7.5%
5% 15%
5 Years
1Y 7Y
Monthly EMI
₹20,038
Principal Amount
₹10,00,000
Total Interest
₹2,02,280
Total Payment
₹12,02,280
Principal: 83.2%
Interest: 16.8%
₹10,00,000
₹1L ₹50L
5 Years
1Y 7Y
7.5%
5% 15%
6.5%
5% 15%
Current EMI
₹20,038
New EMI
₹19,566
💰
Total Savings with Balance Transfer
₹28,320
Monthly Savings: ₹472 • Over 5 years
Current Total Payment
₹12,02,280
New Total Payment
₹11,73,960
Apply for Car Loan Get Expert Advice

CAR LOAN FAQS

Frequently Asked Questions

Can I finance 100% of the car's on-road price?

Yes, many lenders offer up to 100% financing on the on-road price including registration, insurance, and accessories. However, it depends on your credit profile and income. Typically, 85-90% financing is standard.

What's the age limit for used car loans?

Most lenders finance used cars up to 10 years old. The total age of the car (current age + loan tenure) typically should not exceed 12-15 years at the end of the loan period.

How quickly can I get car loan approval?

With complete documentation, in-principle approval happens within 48 hours. After car inspection (for used cars) and final documentation, disbursal takes 2-4 working days.

Can I transfer my car loan to another lender?

Yes, car loan balance transfer is possible if you find a better interest rate. You need to pay foreclosure charges (if any) to your current lender and processing fees to the new lender.

Can I prepay my car loan?

Yes, you can prepay your car loan partially or fully anytime. Most banks charge 2-5% prepayment penalty, while some NBFCs allow free prepayment after 6 months. Check your lender's specific prepayment policy.

Ready to Drive Your Dream Car?

Get instant car loan approval at lowest interest rates

Apply via WhatsApp Email: ops.finarrow@gmail.com