PURPOSE
Explore funding for an eligible new vehicle
Plan your vehicle purchase with clarity
Vehicle Loan
Financing options for vehicles.
Vehicle Loan provides funding for eligible new or used vehicles, subject to the lender's policy and vehicle valuation.
Options and eligibility are subject to lender assessment and terms.
WHO IT MAY SUIT
Salaried applicants
GET PREPARED
5 document types to review
What could this help with?
Common needs to discuss with a lender.
- Explore funding for an eligible new vehicle
- Ask about financing for eligible pre-owned vehicles
- Compare repayment against your monthly budget
Keep your plan specific
Estimate the amount you need and the repayment that fits your monthly budget before comparing offers.
Who may be eligible?
These are common applicant profiles, not an approval guarantee.
- Salaried applicants
- Self-employed applicants
- Business owners
- Applicants having regular income
- Applicants meeting lender and vehicle eligibility criteria
Each bank or financial institution sets its own age, income, credit, property and documentation criteria.
Prepare your documents
Use this checklist to get organized before applying.
0 of 5 checked
Before you apply
A few details worth checking early.
- Compare on-road price, down payment, insurance and other charges.
- For a used vehicle, valuation, age and condition may affect eligibility.
- Security, margin, fees and repayment terms are set by the lender.
Compare the full offer
Review the interest method, fees, repayment conditions, security and any early-payment charges in the lender's current documents.
QUICK ESTIMATE
Plan a monthly repayment
Try different amounts and terms to explore an illustrative reducing-balance EMI.
Enter a positive amount, an interest rate from 0% to 60%, and a term from 0.5 to 40 years.
ILLUSTRATIVE MONTHLY EMI
Principal₹0
Estimated interest₹0
Total repayment₹0
Estimate only; actual lender rates, fees, repayment schedules and terms may differ.
Questions to help you decide
Practical answers to get you started.
Are used vehicles eligible?
Some lenders offer finance for selected pre-owned vehicles. Eligibility depends on vehicle age, condition, valuation and lender policy.
What determines the loan amount?
The vehicle price or valuation, applicant profile and lender funding limits are among the factors considered.
What should I compare between offers?
Review the interest method, EMI, total repayment, fees, insurance requirements, security terms and early-repayment rules.
Funding partners
Institutions shown for this product. Availability and offers may vary.
ICICI BANK LTD
BAJAJ FINSERVE LTD
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD
TATA CAPITAL FINANCIAL SERVICES LTD
Information on this page is general and for illustration only. It is not an offer, sanction or financial advice. Eligibility, interest, charges, security, documentation and final terms are determined by the relevant lender and may change.