Instant Car Loan

The need for a car has replaced the luxury of owning one. Fortunately, car loan interest rates in India are now lower than ever thanks to the rise of numerous financial organisations, and online car loans may be obtained quickly. You can get 100% financing of the on-road price for a few models when you apply for a car loan online, with the cheapest car loan interest rates starting . This article explains how to apply for all types of vehicle loan online in India, as well as the interest rates, paperwork requirements, eligibility requirements, loan foreclosure, tax advantages, and other details.

Features and Benefits of Car Loan

  • Financing is available for the car up to 80% to 100% of the sticker price.
  • Up to 80% of the old car's value is available as a loan amount.
  • Documentation is simple
  • Processes quickly
  • Modular Options for Repayment
  • Process that's transparent and hassle-free
  • Speedy Acceptance
Loan Disbursal in 3 hrs*
100% Online Process

Car Loan Eligibility Criteria

The amount of a loan you can obtain to purchase your ideal four-wheeler is known as a car loan eligibility . For the approval of vehicle loan applications, various lenders have varying qualifying requirements. The table below lists the standard eligibility requirements for auto loans used by all Indian lenders. Criteria Salaried Self-Employed
1 Age 21-60 years 21-65 years
2 Income A minimum annual income of Rs. 1,80,000
is required
A minimum annual income of Rs. 1,80,000
is needed
3 Job/Business Status Work experience of at least 2 years with
a minimum of 1 year with the current employer
A minimum of 2 years in the same line
of business is needed
4 1 year with the current employer

Documents Required for Car Loan

The paperwork needed to apply for a car loan is listed below.

  • Evidence of age
  • The ID.
  • A request form
  • Photograph
  • Residence evidence
  • Income evidence
  • Account Statement
  • Proof of signature authentication
  • Invoice template or rate list
  • Aadhar card replica

  • In addition, the following paperwork is needed for pre-owned vehicle loans.

  • Proof of signature authentication
  • Report on Car Valuation
  • In case of refinance, RC copy
  • Copy of insurance
  • EMI Calculator



    % Interest



    Total Payable

    How to apply for Car loan online

    Here are the some few steps that help you to applying for a personal loan online :

    Step 1:   Visit the website of our official bank and follow the instructions there to submit an online loan application for a car.

    Step2:  Name, address, cell phone number, state, district, and branch choice should be entered on the inquiry form as basic personal information.

    Step 3:   In order to get a callback from a bank representative, submit the form by clicking the submit button.

    Step 4:  A bank representative will get in touch with the borrower and assist them with the loan application procedure

    FAQ - FinCrif Freqently Asked Questiones

    Up to 84 months is the longest loan term possible.

    Banks differ in terms of the maximum lending amount. For the purchase of an automobile, some lenders offer up to 100% financing.

    For the majority of passenger cars, SUVs and MUVs sold in India and used for personal transportation, banks offer auto loans.