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Car Loan

Get a Car Loan for New & Used Cars with KreditSeva

Apply for a car loan in Delhi, Gurgaon, Noida and across Haryana at low interest rates with easy EMIs. Quick approvals, minimal documentation, and the best new and used car loan offers from 25+ top lenders — so you can drive away worry-free.

25+Lenders
MinimumInterest Rate
8 YrTenure

Compare the Best Car Loan Offers at KreditSeva

EMI CALCULATOR

Car Loan EMI Calculator

Adjust the sliders to calculate your monthly EMI, total interest, and repayment amount instantly.

Loan Break-up

Total ₹ 0
Principal Amount
Total Interest
₹50K₹5Cr
%
1%30%
1 Yr15 Yr
Monthly EMI₹ 0
Principal₹ 0
Total Interest₹ 0
Total Payable₹ 0
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Indicative values only. Actual EMI may vary based on lender terms.

Check your Credit Score — free

Instant score check, zero impact on your credit — unlock pre-approved offers from 25+ lenders.

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Score Range
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Pre-approved offers

What is a Car Loan?

A Car Loan helps you buy a new or used car by financing a major part of its cost, which you repay in easy EMIs over a flexible tenure.

Whether you're buying your first car, upgrading to a new model, or purchasing a pre-owned vehicle, KreditSeva helps you compare the best options with low interest rates, easy EMIs, and quick approvals.

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Car Loan — Use Cases
New Car Purchase
Used / Pre-Owned Car Purchase
Electric Vehicle (EV) Financing
Car Loan Balance Transfer
Top-Up on Existing Car Loan
Loan Against Car
Low Interest · Easy EMIs

Key Features of Car Loan

Finance your new or used car with attractive interest rates, flexible repayment tenures, and easy EMIs — making car ownership simple and affordable.

01

High Loan Amount

Get a car loan covering a major part of your car's on-road price, depending on your income profile, car model, and lender eligibility criteria.

02

Attractive Interest Rates

Car loans come with competitive interest rates, especially for new cars and strong credit profiles, keeping your EMIs affordable.

03

Flexible Repayment Tenure

Choose a repayment tenure of up to 8 years with convenient EMI options, making your monthly payments easier to manage.

04

Quick Approval & Fast Disbursal

Get faster approvals and timely fund disbursal after successful verification and documentation — so you can drive away sooner.

05

New & Used Car Financing

Avail loans for both brand-new and pre-owned cars, including electric vehicles, with options suited to your budget and needs.

06

Balance Transfer & Top-Up

Transfer your existing car loan for better rates, or get an additional top-up loan over your existing one for extra funds.

CAR LOAN REQUIREMENTS

Eligibility & Documents for Car Loan

Check the eligibility criteria and required documents for a Car Loan before applying with KreditSeva.

Eligibility Criteria for Car Loan

Indian citizen with valid identity proof
Age between 21 to 65 years (as per lender policy)
Salaried, self-employed individuals, business owners, or professionals eligible to apply
Minimum income and work or business continuity as per lender criteria
Stable income and sufficient repayment capacity
Healthy credit score (625+) preferred for better approval chances
Valid driving licence (as required by the lender)

Documents Required for Car Loan

PAN Card, Aadhaar Card, Passport / Voter ID
Address proof documents
Income proof (salary slips / business financial documents)
Last 3–6 months bank statements
ITR and income-related financial documents
Driving licence copy
Car quotation / proforma invoice (for the vehicle being purchased)
Recent passport-size photograph
No Hidden Charges

Get a Car Loan — Attractive Interest Rates!

KreditSeva helps you finance your new or used car and compare loan offers from 25+ lenders — completely free.

8 YrsTenure
48 HrsApproval
90+Lenders
Apply Now — It's Free
Loan Comparison

Compare Car Loan Interest Rates

Compare Car Loan interest rates from leading banks and NBFCs to find suitable options for new and used cars with competitive pricing and flexible repayment terms.

Bank / NBFC Interest Rate (p.a.) Max Loan Amount Max Tenure
SBI 8.70% onwards (New) As per eligibility Up to 7 Years
HDFC Bank From 8.15% As per eligibility Up to 7 Years
ICICI Bank From 8.35% As per eligibility Up to 7 Years
Axis Bank Competitive Rates As per eligibility Up to 8 Years
Kotak Mahindra Bank Competitive Rates As per eligibility Up to 7 Years

*Car Loan interest rates, eligibility, approval terms, and final offers may vary depending on lender policies, car model, applicant income, credit score, and repayment capacity. Used car loan rates are usually higher than new car loan rates. Rates are indicative and updated as of May 2026.

HOW IT WORKS

Your Journey to a Car Loan

From application to disbursal — simple, fast, and guided every step of the way.

01

Submit Application

Fill in your details online in under 2 minutes. No paperwork needed upfront.

02

Expert Consultation

Our advisor connects with you to match the right lender and loan type for your need.

03

Credit evaluation & Best Offer Matching

Documents reviewed, income assessed, and your collateral is evaluated by the lender.

04

Approval & Disbursal

Loan approved and funds transferred directly to your bank account. Done!

Start Your Journey

Free service · No hidden charges · 25+ lenders

WHY KREDITSEVA

Why Choose KreditSeva for Car Loans?

Compare Top Car Loan Offers

We compare car loan options from 25+ banks and NBFCs to match you with the best rate, tenure, and loan amount for your car.

Attractive Interest Rates

We help you access competitive car loan interest rates for both new and used cars — keeping your EMIs affordable.

Quick Approval & Disbursal

Our digital process minimizes paperwork and ensures fast approvals so you can drive away in your new car without delays.

Expert Car Loan Guidance

Our loan advisors help you choose the right car loan — for a new car, used car, EV, or balance transfer.

Zero Charges for Borrowers

Our eligibility check, lender comparison, and application support are completely free for all borrowers.

New, Used & EV Financing

Whether it's a brand-new car, a pre-owned vehicle, or an electric vehicle, we help you find the right financing option.

10K+Customers Assisted
25+Lender Partners
48 HrsApproval
FAQ

Frequently Asked Questions

Find answers to common questions about car loans, eligibility, documents, and the application process.

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WhatsApp +91 99900 33593

A car loan is a financing option that helps you buy a new or used car by funding a major part of its cost, which you repay in easy EMIs over a flexible tenure.

Salaried individuals, self-employed professionals, and business owners with stable income and a healthy credit profile can apply for a car loan, subject to lender criteria.

Common documents include PAN card, Aadhaar card, address proof, income proof, bank statements, driving licence, car quotation, and passport-size photographs.

The loan amount covers a major part of the car's on-road price, with the final amount depending on your income, repayment capacity, credit history, and lender eligibility criteria.

Car loan interest rates vary based on your credit score, car type (new or used), loan amount, tenure, and lender terms. New car loans usually have lower rates than used car loans.

Most lenders offer car loan repayment tenures of up to 7 to 8 years, helping you keep your monthly EMIs affordable.

Yes, many banks and NBFCs offer used or pre-owned car loans, though interest rates are usually slightly higher than new car loans and depend on the vehicle's age and condition.

Yes, you can transfer your existing car loan to another lender for a lower interest rate, and may also be eligible for an additional top-up loan.

Most car loans require a down payment, with lenders financing the remaining cost. A higher down payment can reduce your EMIs and total interest paid.

A credit score of 650 or above is generally preferred for car loan approval. A higher score improves your chances of approval and helps you secure a lower interest rate.

Yes, car loans are possible with a low CIBIL score, but lenders may charge a higher interest rate, ask for a co-applicant, or approve a lower loan amount.

Yes, many lenders offer dedicated electric vehicle loans, and some even provide special concessional rates for EV purchases.

Your EMI depends on the loan amount, interest rate, and tenure. You can use our car loan EMI calculator to estimate your monthly payment before applying.

Yes, most lenders allow prepayment or foreclosure of car loans. Some may charge a small foreclosure fee, while others offer it with zero charges after a certain period.

Approval timelines vary by lender, but eligible applicants with complete documents and a good credit profile can often get approval within 24 to 48 hours.

KreditSeva helps you compare suitable car loan options, check eligibility, understand EMI plans, and get expert assistance throughout the loan process.

Fill out the online application form with your basic details, and the KreditSeva team will guide you through eligibility checks, documentation, and the complete loan process.

Yes. Many lenders consider applications from borrowers who already have existing EMIs. Approval depends on factors such as your income, repayment history, Credit Score, and overall debt-to-income ratio. Managing existing loans responsibly can positively impact your eligibility.

KreditSeva simplifies the borrowing process by helping customers compare and access suitable loan solutions from multiple lending partners.

Benefits of KreditSeva:

  • ✔ Access to multiple Banks & NBFCs through a single platform
  • ✔ Expert assistance for Personal Loans, Business Loans, Debt Consolidation, and Balance Transfers
  • ✔ Guidance on improving loan eligibility
  • ✔ Faster application coordination and lender matching
  • ✔ Transparent process with no hidden charges from KreditSeva
  • ✔ Dedicated support throughout the application journey
  • ✔ Personalized solutions based on your financial profile

Our goal is to help customers make informed borrowing decisions and find financial solutions that best meet their needs.