Car Loan
New and used car loans with instant approval and flexible repayment tenure. Compare interest rates, check instant eligibility, and apply with top lending partners on FINDEAL.
Apply for Car Loan
Lowest Interest Rates
Competitive interest rates from top partner banks starting at 8.50% p.a.
Flexible Tenure Options
Choose repayment tenure ranging from 12 months up to 30 years.
Minimal Documentation
Paperless online upload with simple KYC and income verification.
Fast Loan Disbursal
Quick approval process with funds disbursed directly to your bank account.
Drive Home Your Car with Car Loan Schemes
Up to 100% on-road financing for new cars with attractive interest rates, flexible tenures, and instant pre-approved showroom sanctions.
Car Loan Overview
Fast digital verification with transparent loan terms across top Indian banks.
Seamless Car Financing for Your Dream Vehicle
A New Car Loan helps you purchase sedans, SUVs, hatchbacks, or electric vehicles (EVs) without straining your personal savings. Most top banks offer pre-approved auto loans with instant digital sanctions.
FINDEAL partners with major auto lenders to bring you competitive interest rates, customized EMI schemes, and hassle-free dealer coordinate disbursals.
Who Is Eligible for Auto Loans?
Salaried individuals with a monthly income of ₹25,000+ and self-employed professionals with stable ITR filings qualify instantly for car loans.
Benefits of Financing Your Car
Choosing the Right Auto EMI
Opt for a 5 to 7 year tenure to keep monthly EMIs affordable while planning for vehicle insurance and routine maintenance costs.
Why Borrow via FINDEAL?
- 30+ Top Partner Banks
- Zero Hidden Processing Fees
- Dedicated Loan Assistant
Car Loan Snapshot
Highlights of New Car Loans
100% On-Road Finance
Cover registration, road tax, and insurance costs.
Instant Sanction
Get instant digital approval letter for dealership.
Low Monthly EMI
Spread payments over extended 7-year tenures.
Special EV Rates
Concessional interest rates for electric vehicles.
Minimal Paperwork
Simple digital KYC and income verification.
Pre-Approved Offers
Pre-approved loan options for existing bank customers.
Calculate Your Car Loan EMI
Use our easy calculator slider to estimate your monthly EMI repayments, interest payable, and total loan amount before applying.
Eligibility Criteria
BASIC QUALIFICATIONS- Age Requirement: Minimum 21 years up to 65 years at loan maturity.
- Employment: Salaried employee, self-employed professional, or business owner.
- Minimum Income: Net monthly income of ₹25,000 or annual turnover of ₹10 Lakhs.
- Credit Score: CIBIL Score of 700 or higher for best interest rates.
Required Documents
PAPERWORK CHECKLIST- Identity & Address Proof: PAN Card, Aadhaar Card, Passport, or Voter ID.
- Income Proof: Last 3 months salary slips or ITR for last 2 financial years.
- Bank Statements: Last 6 months bank account statements showing salary/business credits.
- Business Proof (if self-employed): GST Registration, Business License, or Property Deed.
Compare Top Lender Rates for Car Loan
| Lender / Institution | Interest Rate (p.a.) | Loan Amount | Processing Fee | Action |
|---|---|---|---|---|
|
HDFC
HDFC Bank
|
10.50% - 12.50% | ₹50K - ₹50 Lakhs | Up to 0.50% | Apply |
|
ICICI
ICICI Bank
|
10.75% - 13.00% | ₹50K - ₹50 Lakhs | Up to 1.00% | Apply |
|
AXIS
Axis Bank
|
11.00% - 13.50% | ₹50K - ₹40 Lakhs | Up to 1.25% | Apply |
|
SBI
State Bank of India
|
10.30% - 12.00% | ₹50K - ₹50 Lakhs | Nil - 0.50% | Apply |
Frequently Asked Questions
Find clear answers to common questions about loans, credit cards, eligibility, financial calculators and using FINDEAL.
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Get Sanctioned for Car Loan Today
Check your pre-approved eligibility, compare rates from multiple lenders, and get end-to-end guidance from FINDEAL advisors.