Personal Loan
An unsecured loan for medical needs, weddings, travel, education or any personal need, arranged through our partner banks and NBFCs.
Loans
Loans for a new or used car, two-wheeler or commercial vehicle, for personal or business use, through our partner banks and NBFCs.
- Loans
- Often a few working days after a complete application*
About Vehicle Loan
A vehicle loan helps you buy a new or used car, a two-wheeler or a commercial vehicle such as a taxi, auto or goods carrier. The vehicle is hypothecated to the lender until the loan is repaid in EMIs.
We check your eligibility, compare offers from our partner banks and NBFCs, prepare your documents and coordinate with the lender and dealer until the loan is disbursed.
Vehicle loans are subject to the lender's approval and credit policy. We are not the lender.
EMI Calculator
Estimate only. The actual rate, EMI and eligibility are decided by the lender.
Who Needs This Service
- Families buying their first or next car
- Students and working people buying a two-wheeler
- Taxi, auto and goods vehicle operators
- Businesses adding vehicles for delivery or transport
- Buyers of a used car from a dealer or owner
Key Benefits
New and used vehicles
Cars, two-wheelers and commercial vehicles, new or pre-owned.
Offers compared
Rate, down payment and fees compared across partner lenders.
Dealer coordination
We coordinate with the lender and dealer on paperwork.
Simple documents
KYC, income proof and the vehicle quotation are usually enough to start.
Eligibility and Applicability
- Generally 18 to 65 years of age, as per the lender
- Salary slips, ITR or business income proof
- A credit score the lender finds acceptable
- A down payment as required by the lender
Funding as a share of the vehicle price, tenure and criteria differ by lender, vehicle type and whether it is new or used.
Documents Commonly Required
KYC and income
- PAN and Aadhaar
- Salary slips or ITR
- Bank statements for recent months
Vehicle
- Quotation or proforma invoice from the dealer
- For a used vehicle: RC, insurance and valuation report
- For commercial vehicles: permit details, if applicable
Document requirements can vary with the lender, product and your profile. We confirm the exact list before you visit. Never share OTPs or passwords with anyone.
Step-by-Step Process
Choose your vehicle
Get a quotation from the dealer or seller.
Eligibility check
We check your income, credit score and down payment.
Compare and apply
We compare offers and submit your application.
Approval
The lender verifies and approves the loan.
Disbursal
The loan is paid to the dealer and the vehicle is registered with hypothecation.
Estimated Timeline and Fees
Estimated timeline
Often a few working days after a complete application
Used and commercial vehicle loans may take longer because of valuation and permit checks.
Our service fee
Our service fee, if any, is told to you in writing before we begin.
Lender / third-party charges
Processing fee, interest, documentation charges and GST are set by the lender. Registration and insurance are paid separately.
* Approval, amount, interest rate and tenure are decided by the lender under its credit policy.
Common Mistakes to Avoid
- Not comparing the dealer's finance offer with other lenders
- Ignoring processing and documentation charges
- Forgetting to remove hypothecation after the loan is repaid
- Choosing an EMI that leaves no room for fuel and maintenance
Frequently Asked Questions
Can I get a loan for a used car?
Yes. Many lenders fund used cars, usually after a valuation, with a shorter tenure than new cars.
Do I need a down payment?
Usually yes. The lender funds a part of the vehicle price, and you pay the rest.
Can I get a loan for a taxi or goods vehicle?
Yes. Commercial vehicle loans are available, subject to the lender's criteria and permits.
What happens after I repay the loan?
The lender gives a no-objection certificate, and the hypothecation is removed from the vehicle's registration.
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Talk to Our Team
Have a Question About Vehicle Loan?
Call, WhatsApp or visit our office. We will explain what applies to you, the documents needed and all charges before you decide.
- Callback during office hours
- Written quote before any work begins
- No obligation to proceed
Speak to an expert
Tell us what you need. We will explain the documents, process and fees before you decide.
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