An auto loan is basically a loan that you take out in order to purchase a vehicle.
With an auto loan, you are not paying for the depreciation of the vehicle
like you do with a lease. You are paying on the vehicle purchase price plus interest.
New Car Loan
Now drive to your home with instant loan approval for your new car. Get your dream car with 100%
finance and drive happiness to your home.
- Upto 100% Financing
- Instant Approval
- Hassle Free Loan Processing
- Easy Documentation
- Fixed interest rates
- No Income Document Scheme
- Flexible tenure of up to 7 years
Used Car Loan
Used Car Loans are given to individuals who are interested in buying a used car for
their personal/professional needs. Various banks provide Used Car Loans, up to a certain
percentage of the price the car or even on zero down-payment, based on their offers.
Characteristic of Used Car Loan
- Borrow up to 100% of the original loan value of the car.
- Valuation of the car is not mandatory.
- A Wide range of approved models/variants and manufacturers are considered.
- We make quick and hassle-free disbursals.
Pre-owned Car Loans
We have tie-ups across the widest range of authorised pre-owned car dealers.
Enjoy a convenient car buying experience with faster approval and doorstep service.
Features
- Up to 100% funding
- Loan basis ID and address proof
- Transparent and fixed interest rate
Benefits
- Lowest down payment
- No income documents required
- Stability in EMI repayment, not affected by fluctuating market rates
CAR Refinancing
When you refinance an auto loan, you take out a new loan to pay off the original note, and the vehicle as
collateral secures it. That new loan, often with a new lender, comes with different terms and borrowers
typically seek to refinance their car to get better terms for their situation. Exactly how these terms are
different may vary according to the aims and circumstances of
the individual, but let’s look at some common scenarios.
Reduced monthly car payments – A refinanced auto loan might lower your monthly car payment as a result of a
lower interest rate or a longer loan term, or both of these.
A lower interest rate – If you qualify for a lower interest rate than that of your existing loan, then you may
end up paying less in total interest when the loan amount has been paid off. This might occur when the duration
of the loan is not extended, or extended very much.
Longer loan term – How might changing the length of the loan affect things? If the loan term is lengthened,
and there’s a greater amount of time to pay back the loan amount, the monthly payments may be smaller. This
situation may result in the borrower paying more for the car in total when interest charges are taken into account.
Shorter loan term – When the life of the loan is shorter, it might increase the monthly payment,
but possibly reduce the amount of total interest paid and what the borrower
ends up paying for the car in total.
Commercial Vehicles Loans
LOANS TO INDIVIDUALS FOR THE PURCHASE OF AUTO RICKSHAWS/TAXI, MOTOR BUSES, LIGHT COMMERCIAL VEHICLE, LORRIES etc,
A commercial vehicle loan can be taken for a variety of commercial vehicles, which may be used at different locations. The loan is applicable to customers with diverse profiles.
The rate of interest for the loan depends on various factors like customer profiles and location.
For new Commercial Vehicles
- Fast processing
- Greater flexibility
- Maximum tenure of 60 months
- Competitive rates
- Customised financing
For old Commercial Vehicles
- Finance against vehicles that are up to 15 years old
- Maximum tenure of up to 3 years
- Maximum finance flexibility
