Car Loan - Get upto 100% loan on your car

Buy your dream car at attractive interest rates

Loan disbursal in 48 hrs*
EMI starting from ₹1,600/lakh*
India's leading auto lending platform

Loan Against Caror Used Car Loan

Car Loan

- Get upto 100%

loan on your car

Why choose CarDekho?
Best EMI Offered
Paperless Approval
Door-step Assistance

Your New Car Loan in 3 simple steps

Getting a loan to buy your car is quick, simple and hassle-free

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Choose from all eligible offers from our partners

Leave the rest to us

Our loan consultant will assist you with your application

Lending Partners for New Car Loan

We are the trusted partners of all leading financiers of India

New Car Loan Interest Rate Comparison

Lender	Interest Rate	Loan Processing fees
HDFC BANK	8.80% to 10%	0.4% of Loan Amount Min: ₹3000 and Max: ₹10000
Axis Bank	9.05% to 11.30%	₹3,500 - ₹5,500
ICICI Bank	Starts from 10.75%	2% of the loan amount or ₹ 15,000 whichever is lower

Car Loan Eligibility

You are eligible to avail a car loan if you meet the below criteria

Salaried Individuals

Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
Those who earn a minimum of ₹ 3,00,000 per year, including the income of the spouse/co-applicant

Self Employed Individuals

Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
Those who have been in business for a minimum of 2 years
Individual should earn at least ₹ 3,00,000 per annum

*Final eligibility is subject to your profile and credit score

Car Loan Documents

You need to submit the following documents for processing your application

Salaried Individuals

KYC documents
PAN Card
Salary Slip(latest 3 months)
Salary account statement(latest 6 months)
Signature Verification Proof
Proforma Invoice of Sale

Self Employed Individuals

KYC documents
PAN Card
Last 2 years ITR as proof of income
Salary account statement(latest 6 months)
Signature Verification Proof
Proforma Invoice of Sale

*Final list of required documents is subject to the lender you apply in and your profile

Happy Customers

Here's what our customers have to say about their loan experience with Cardekho

FAQs on New Car Loan

Get answers to the frequently asked questions about new car loan here

What are the benefits of applying for new car loan through Cardekho?

CarDekho is a one-stop solution for all your car finance needs. We have partnered with India’s leading banks and NBFCs to help you get a loan to purchase your dream car. We provide you with door-step assistance making the process hassle-free and quick. Just fill the form, check your eligible quotes from our partners and submit the application with us. We will take care of the rest.

What will be the rate of interest for my new car loan? Is PF charged on my car loan?

We provide offers starting from 9.5% per annum. Your exact rate of interest will be determined by the lender on the basis of your loan application. Lenders generally charge you with a processing fee directly deducted from your car loan amount. The processing fees can be negotiated with the lender at the time of sanction of your application.

What are car loan EMIs? How are they calculated?

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your car loan. These payments include the principal amount as well as the interest. The amounts of EMI you have to pay depend on the tenure of your car loan. For a longer tenure, loan repayment is spread over greater number of years and the installments are smaller whereas for a shorter tenure, installments will be larger.

What is the tenure for which I can avail a new car loan?

Most lenders offer car loans for tenures ranging from 1 year to 5 years. You can choose the loan tenure as per your preference. Some lenders also offer a car loans with tenure upto 7 years.

What are the documents required to apply for a new car loan?

To process your new car loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs. You can get the exact requirement from your loan consultant after applying with us.

What is the maximum amount of new car loan that I can avail?

The maximum new car loan amount offered by most lenders is 80% to 90% of the on-road price of the car. This can vary with the brand and variant of your chosen car. Your income is also a determinant of the maximum loan amount you are eligible for. Most banks have a minimum income requirement you need to meet in order to get approved for the loan.