What is a Car Loan?
A Car Loan (or auto loan) is a secured loan used specifically to purchase a vehicle. The lender pays the car dealer upfront, and you repay the borrowed amount—plus interest and fees—in fixed monthly installments over a set period, with the vehicle serving as collateral.
Key Benefits & Features
On-Road Financing
Get up to 90% to 100% funding layout support on selected vehicle make profiles.
Minimal Documentation
Digital-first verification ensuring spot approvals directly at authorized dealerships.
Step-Down EMIs
Custom structured payment charts designed to lower outlays over time as the asset depreciates.
Eligibility Requirements Matrix
Applicants must satisfy baseline operational guidelines to secure underwriting clearance:
Age Limits Bracket
18 to 59 Years Old
At the time of loan maturation milestone.Verifiable Clean Income
₹25,000 / month
Documented via official salary slips or certified ITR sheets.Employment Profile
Salaried & Self-Employed
Requires a minimum 1-year stable operational corporate link.Bureau Score Parameter
CIBIL 650 or Above
No recent defaults, write-offs, or payment delays.Interactive EMI Simulation Engine
Map amortization schedules accurately prior to processing requests.
Frequently Asked Questions
Immediate answers concerning validation rules, rates, and approval cycles.
Depending on customer internal scorecards, our bank networks offer up to 90% to 100% of the on-road price (including insurance/registration).
Yes, used cars that meet designated age specifications are fully eligible under modified rate configurations.
In addition to baseline identity sheets, the vehicle proforma invoice issued by the dealer is required to issue the bank payout draft.