Calculate Interest
Compute your loan interest accordingly 1L to 25L, 8.5% to 24.5% and 6Months to 240Months
Months
Your EMI
Loan Amount
Total Interest payable
Total Payment
Vehicle Loan Types
This loan option is offered to those who wish to purchase
a new car. The loan can be used to purchase any car model
from any manufacturer. You will be required to pay 9-14%
interest per year for a period of one to seven years.
The reality is that not everyone can afford to buy a new
car. You can, however, continue to acquire used cars with
a vehicle loan. Most of the banks will finance up to 85%
of the vehicle’s MSRP. You may be obliged to pay an annual
interest rate of 12-18%. Make the payments.
A person who owns a business that requires cars might
apply for a commercial vehicle loan. This type of loan has
a 10-15% interest rate that you must pay annually for a
period of six months to five years.
Not everyone desires a four-wheel vehicle; some people
would rather ride a bike than drive a car. you can get a
bike with the help of the two-wheeler loan. The annual
interest rate on a two-wheeler loan is between 11 and 18%
of the bike's purchase price.
For Salaried :-
Eligibility Criteria For Vehicle Loan
| Criteria | Salaried or Self-Employed. |
| Age | Between 18 to 75 |
| Residency Status | The applicant must have stayed at his current residence for atleast 1 year. |
| Employment | He/She must have worked in the company working during loan application for at least one year. |
| Minimum Income | A minimum monthly salary of Rs 20000 |
Documents Required
| Address proofIdentity proofProof of income |
| Form 16 |
| Previous income tax returns |
| Previous income tax returns |
For Self Employed :-
Eligibility Criteria For Personal Loan
| Criteria | Self-Employed Individuals |
| Age | 24 to 80 years (may vary slightly by lender) |
| Residency Status | Resident Indian |
| Employment | Minimum 3 years of business experience, with overall 5+ years of business experience preferred |
| Minimum Income | Varies by lender (may require proof of sufficient income to support loan repayment) |
| Credit Score | Minimum score of 685 or higher (may vary by lender) |
| Additional Documents | Business registration documents, income tax returns, bank statements |
Documents Required
| * PAN Card * Aadhaar Card * Voter ID Card * Driving License * Passport |
| * Aadhaar Card * Passport * Driving License * Utility Bill (not older than 3 months) * Ration Card |
| * Latest Income Tax Returns (ITR) * Audited financial statements for the past 2 years * Bank statements for the last 6 months (savings and current accounts) |
| * Business registration documents (if applicable) * GST registration certificate (if applicable) * Shop & establishment act certificate (if applicable) |
| * Office address proof (if applicable) * Proof of business continuity (if applicable) |
Frequently Asked Qusetions
You can apply for a vehicle loan online from our website. The
application process includes filling out a form and submitting
the required documents.
The amount you can borrow depends on factors such as your
income, credit score and the value of the vehicle. We will
assess your financial situation and advise you on the maximum
loan amount you qualify for.
Interest rates vary depending on your credit profile, loan
amount and loan term. We offer competitive pricing and provide
detailed information during the application process.
Vehicle loan terms generally range from 24 to 72 months,
depending on the loan amount and your preferences. We offer a
variety of options to suit your budget.
Missing payments can affect your credit score and cause you to
pay late. We can discuss ways to help you manage your payments
and stay in business.