Car Loan
Drive Home Your Dream Car
Get behind the wheel with ease. Compare auto loan offers with interest rates starting at 8.65% p.a., offering up to 100% on-road funding and tenures stretching up to 7 years.
- Rates from 8.65% p.a.
- Up to 100% Funding
- Tenure up to 7 Years
- Used & New Cars
Check Eligibility Instantly
Find the lowest EMI for your new car.
Check Loan Eligibility in 2 Minutes
Compare rates from 30+ lenders without affecting your credit score
Car Loan Interest Rates
Compare the latest interest rates, processing fees, and LTV caps from top automotive financiers in India.
| Bank / NBFC | Interest Rate (p.a.) | Processing Fee | Max Funding |
|---|---|---|---|
| State Bank of India (SBI) | 8.65% - 9.75% | Nil to ₹1,500 + GST | Up to 90% of On-Road Price |
| Bank of Baroda (BoB) | 8.70% - 12.45% | ₹1,500 to ₹2,000 + GST | Up to 90% of On-Road Price |
| HDFC Bank | 8.75% - 10.00% | 0.50% to 1% of loan amount | Up to 100% of On-Road Price |
| ICICI Bank | 8.75% - 10.50% | Up to ₹5,000 + GST | Up to 100% of On-Road Price |
| Axis Bank | 8.85% - 13.15% | ₹3,500 to ₹7,000 + GST | Up to 100% of On-Road Price |
Eligibility and Documents
Understand the baseline income requirements and paperwork needed to secure your auto loan quickly.
Eligibility Criteria
- Age: Minimum 21 years; Maximum 65 years at maturity.
- Income: Minimum ₹3,00,000 p.a. net income.
- Employment: Salaried (min. 1 year continuous) or Self-Employed (min. 2 years business vintage).
- CIBIL Score: 720 and above preferred for lowest interest brackets.
Documents Required
- Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID.
- Address Proof: Utility bill, Rental agreement, or Passport.
- Income Proof: Last 3 months' salary slips, 6 months' bank statements, and ITR/Form 16.
- Vehicle Details: Proforma invoice from the authorized car dealership.
Frequently Asked Questions
While there is no single fixed cutoff, a credit score of 720 to 750 or above is generally considered favorable by most banks and financial institutions. A higher score increases your chances of approval and helps you secure lower interest rates and higher loan amounts.
Yes, it is possible to secure a personal loan with a lower credit score (under 650), but you may face higher interest rates, a smaller loan amount, or shorter repayment tenures. Additionally, applying with a co-signer who has strong credit or offering collateral (where applicable) can improve your chances.
The general documents required include: 1) Proof of Identity (PAN Card, Aadhaar Card, Passport, etc.), 2) Proof of Address (Passport, Utility Bills, Aadhaar Card), 3) Income Proof (Salary slips for the last 3 months, Form 16, or ITR for self-employed), and 4) Bank statements for the last 3 to 6 months.
Thanks to digital integrations, basic approval (pre-approval) on aggregator platforms like ours can happen in a few minutes. Final verification and disbursement by the lender typically takes between 24 to 48 working hours, depending on physical verification or documentation completion.