Your Dream Car Is Closer Than You Think
Whether you’re upgrading to your first car, switching to a family-friendly ride, or getting a second-hand gem our fast and flexible car loan options help you make the right move, at the right rate.
What is car loan
A Car Loan is a simple and smart way to finance your vehicle without paying the full cost upfront. Whether you’re buying a brand-new car or a pre-owned one, a car loan helps you split the cost into easy monthly EMIs while still getting the keys in your hand right away.
Types Of Car Loan
1. New Car Loan
This loan is offered to purchase a brand-new car. It comes with:
Lower interest rates (compared to used car loans)
Longer repayment tenures (up to 7 years)
Up to 100% on-road funding in some cases
Ideal for those who want the latest models with full manufacturer warranties.
2. Used Car Loan
This loan is used to purchase a pre-owned vehicle. Key highlights:
Loan amounts based on vehicle age and condition
Interest rates slightly higher than new car loans
Shorter tenures (typically up to 5 years)
Great for budget buyers or second-hand car markets
3. Loan Against Car
Already own a car? You can get a loan by pledging your vehicle, even if it’s not fully paid off. Ideal for short-term fund needs without selling your car.
