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A customer receiving car keys at a dealership

CAR FINANCE, MADE CLEAR

Finance your next car with a loan that fits.

Compare new-car and pre-owned-car finance separately, understand how each option is valued, and see the monthly cost before you commit.

STARTING ROI8.15%Indicative starting ROI for select new-car profiles
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Rate reference checked September 2026. Used-car and loan-against-car pricing is usually higher and depends on vehicle age, valuation and applicant profile.

New Car LoanFunding is linked to the invoice and eligible on-road cost
Pre-Owned Car LoanFunding depends on lender valuation, model and vehicle age
Up to 7 yearsMaximum tenure of 84 months, generally for eligible new cars

THE PRODUCT, PLAINLY

Car Loan, without the fine-print fog.

Car finance is not one-size-fits-all. A new-car loan is assessed against the dealer invoice and eligible on-road cost, while a pre-owned-car loan is based on the lender's independent valuation, vehicle age, model and condition.

The original guide highlights funding against a car of up to 150% of assessed valuation under select lender programmes. That is not a universal LTV promise: the sanctioned amount depends on vehicle condition, age, model, ownership and repayment capacity.

A secured vehicle facility can price below an unsecured personal loan, but compare the processing fee, hypothecation, foreclosure rules and total payable—not only the headline ROI.

CHOOSE THE RIGHT ROUTE

New, pre-owned or already yours?

Each car-finance route uses a different value, tenure and pricing approach.

NEW VEHICLE

New Car Loan

Best suited when buying directly from an authorised dealer. Funding is usually assessed against the invoice or eligible on-road price.
  • Usually offers the lowest car-loan ROI
  • Tenure can extend up to 7 years (84 months)
  • Dealer quotation or proforma invoice is required

PRE-OWNED VEHICLE

Pre-Owned Car Loan

Designed for an eligible second-hand vehicle. The lender first checks ownership, valuation, model, condition and age at loan maturity.
  • ROI is generally higher than for a new car
  • Older vehicles may receive a shorter tenure
  • RC, ownership chain and valuation are important

CAR YOU ALREADY OWN

Loan Against Car

Raises funds against an eligible vehicle already in your name, without treating it as a new purchase loan.
  • Amount depends on assessed vehicle value
  • Funds may support an eligible personal or business need
  • Clear ownership and lender valuation are required

WHAT TO EXPECT

Designed around the way this loan actually works.

  • New, pre-owned, MUV and SUV financing options across partner lenders
  • Select programmes consider pre-owned vehicles up to 7 years old
  • Loan-against-car options for eligible, clearly owned vehicles
  • Rates can be lower than unsecured borrowing for comparable profiles
  • Minimal documentation and faster disbursal after verification
  • Funds raised against an owned car may be used for personal or business needs

PLAN THE MONTHLY OUTGO

Know your EMI before you commit.

Change the amount, rate and tenure. The estimate updates instantly.

₹
₹100,000₹5,000,000
%
7%20%
months
12 months84 months

MONTHLY EMI

₹16,279
Principal
₹8,00,000
Total interest
₹1,76,716
Total payment
₹9,76,716

At 8.15% for 60 months. Indicative only; lender calculations can vary.

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DOCUMENT CHECKLIST

Bring the right papers once.

Choose your profile below. Exact requirements can vary by lender, property or vehicle.

For Salaried Applicants

Income and identity documents for an employed applicant.

  • IdentityPAN Card and Aadhaar Card
  • EmploymentCurrent company employee ID
  • IncomeLast 3 months' salary slips
  • BankingLast 6 months' salary bank statements
  • AddressCurrent residence proof

For Self-Employed Applicants

Business and income documents for proprietors, partners and professionals.

  • IdentityPAN Card and Aadhaar Card
  • BusinessBusiness ownership proof, Partnership Deed or MoA
  • TaxIncome Tax Returns for the latest 2 years
  • BankingLast 6 months' primary bank statements
  • ProfessionalDegree or registration certificate, where applicable

Vehicle Documents

The vehicle papers depend on whether the car is new, pre-owned or already owned.

  • New carDealer quotation or proforma invoice
  • Pre-owned carRC copy, seller ownership proof and valuation details
  • Loan against carOriginal RC, insurance and clear ownership proof
  • InspectionVehicle inspection or valuation report when requested

FAQ

Clear answers before a long commitment.

Product rules can change. We confirm lender-specific details before you proceed.

Is this only for used cars?
No. We present the service as Car Loans and cover new-car, pre-owned-car and eligible loan-against-car requirements. Each route has a different rate and valuation policy.
How old can a pre-owned car be?
The source guide notes that select lenders consider vehicles up to 7 years old. The age at loan maturity, model and condition can reduce the available tenure.
Can I use funds raised against my car for another purpose?
Yes, eligible loan-against-car facilities may support a personal or business requirement such as renovation, education, travel or expansion.
How much can I borrow against a car?
Some programmes advertise limits up to 150% of assessed vehicle value, but final funding depends on the lender's product, valuation and your repayment capacity.
What affects my car-loan EMI?
The financed amount, annual ROI and repayment tenure determine the EMI. A longer tenure lowers the EMI but usually increases total interest.
What is the maximum car-loan tenure?
Car-loan tenure can extend up to 7 years (84 months), generally for an eligible new vehicle. A pre-owned vehicle may receive a shorter tenure based on its age, model and condition.

EXPLORE MORE

One comparison point for every borrowing plan.

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