Car loans are designed to help you purchase your desired vehicle, whether it’s a two-wheeler, four-wheeler, commercial vehicle, or even a heavy vehicle. The vehicle itself serves as the primary security for the loan, ensuring a smooth and secure borrowing process. In case of non-repayment, the lender has the right to repossess the vehicle.
With interest rates starting as low as 7% to 7.5% per annum and flexible loan-to-value (LTV) options, you can finance up to 100% of the vehicle’s value depending on the lender and type of vehicle. This makes vehicle loans one of the most convenient ways to own a new or used vehicle without burdening your finances.
Vehicle loans can be availed by a wide range of applicants including salaried employees, professionals, businessmen, farmers, directors of companies, partners in partnership firms or LLPs, corporates, firms, NRIs, or PIOs. These loans are primarily offered for the purchase of new vehicles such as passenger cars, multi-utility vehicles (MUVs), and SUVs for personal use.
Income-based Eligibility:
Interest rates on vehicle loans start at 8.50% per annum, offering affordable financing options for a wide range of borrowers.
We provide tailored financial solutions including Home Loans, Personal Loans, Business Loans, and Loans Against Property.
