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Car Loan
Own your dream ride with car loans from the Loanwalas. Get a car loan to purchase a vehicle of your choice. With our loans, you can buy a hatchback, sedan, MUV, SUV, sports car or a luxury car. Our auto loans are available to salaried employees, businessmen, professionals, corporates as well as NRIs and PIOs. We offer attractive interest rates on car loans with up to 90% financing, making our loans the ideal choice for funding your brand new car.
Benefits Of Car Loan
- Attractive interest rates
- Higher loan amount
- Quick processing
- Speedy fund disbursal
frequently asked questions
A car loan/car finance is a loan availed for:
- Buying a new car.
- Purchase a pre-owned car.
A car loan/car finance can be availed individually or jointly with close relatives. Car finance/car loan are secured loans where the car itself is used as a collateral.
Most of the rules and processes that apply to other loans also apply to car loans. Check benefits, features, interest rates and eligibility before applying for a car loan.
A car loan/car finance amount depends on various factors like age, gross income, EMIs and other deductions, and the cost of the proposed car.
The bank takes a holistic view of the car loan application. The CIBIL stand alone is not the criteria. However, a higher CIBIL score is considered good. The minimum cut-off for a CIBIL score is 701 at present.