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Essential Requirements and Documents Needed
For Quick Business Loans Approval.

Must Have Resident of India

Above 21 years of Age

Pan Card, Aadhar Card & Driving License

Must Have Good Credit Score

Salary Slip For Last Three Months

Must Have Valid Bank Account

Bank Statements for the last three months

Must Have Salaried Professional
Easy & Fast Car Loan Approval

Quick Approval Process
Experience a quick approval process with fast decisions—often within 24 hours—so you get the funds you need without delay.

Minimal Documentation
Minimal documentation includes ID proof, address proof, income proof, bank statements, photographs, and a signed loan application form.

Fast Fund Disbursement
Get your loan amount quickly with fast fund disbursement. No long waits—money is transferred to your account in no time!

Flexible Repayment Terms
Flexible repayment terms let you choose a loan plan that fits your budget, making monthly payments easier and stress-free to manage.
A Clear Guide to Car Loans and Smart Borrowing
Quick and simple approval
Check interest rates
Calculate EMIs
Understand loan terms
Why Choose a Car Loan

Quick Approval
Get a Car loan with quick approval and fast disbursal. Simple process, minimal paperwork, and instant decision—apply today!
Check your Eligibility
Check your eligibility for a Car loan in minutes. Just enter your income and details—no credit score impact, and see how much you can borrow instantly.

Higher Loan Amount
Get Car loans from ₹50,000 to ₹1 crore with quick approval, minimal documents, flexible EMIs, and low interest rates.

Longer tenure available
Longer tenure Car loans let you repay over more years, reducing monthly EMIs and making large loans easier to manage.

Minimal Documentation
Get a Car loan with minimal documentation – just basic ID, income proof, and bank details. Fast, simple, and hassle-free!

Fixed Monthly Payments
Fixed monthly payments mean you pay the same amount every month, making it easier to budget and manage your Car loan.
Calculator Information
The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.
Calculator Assumptions
Length of Month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.
Number of Weeks or Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
Rounding of Amount of Each Repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.
Rounding of Time Saved
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.
Amount of Interest Saved
This amount can only be approximated from the amount of time saved and based on the original loan details.
Calculator Disclaimer
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
EMI CALCULATOR
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
| Period | Payment | Interest | Balance |
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FAQ
What is a car loan and how does it work?
A car loan is money you borrow from a bank or lender to buy a car. You agree to pay it back over time with interest. The loan is usually paid in monthly installments. Until the loan is fully paid, the lender often holds ownership of the car.
How Do I Apply for a Car Loan?
Applying for a car loan is simple. First, choose a lender or bank. Then, fill out an application with your personal, job, and income details. You’ll also need to provide ID and proof of income. Once approved, review the loan terms and sign the agreement to get your funds.
What documents do I need to apply for car loan?
To apply for a car loan, you usually need a valid ID (like a driver’s license), proof of income (such as payslips or bank statements), proof of address (like a utility bill), and details about the car. Lenders may also ask for your credit report or employment information.
How much can I borrow for a car loan?
The amount you can borrow for a car loan depends on your income, credit score, and the car’s value. Lenders usually offer loans based on your ability to repay. Some may cover the full price of the car, while others may require a down payment. Always borrow within your budget.
What are the interest rates for car loans?
Car loan interest rates vary based on your credit score, loan amount, and lender. Rates can be fixed or variable. Generally, better credit means lower interest. It’s a good idea to compare offers from banks, credit unions, and dealerships to find the best rate for your budget and needs.
What’s the Typical Loan Term for a Car Loan?
Most car loans have terms between 36 and 72 months. A longer term means lower monthly payments but more interest over time. Shorter terms cost less overall but have higher payments. Choose what fits your budget and needs best.