Car loan
Car loans fund up to 90% of the on-road price, with the car hypothecated to the lender.
Check your own eligibility in 2 minutesFree · no credit-score enquiry · lender-wise amount, rate and EMI
Check nowStarting rates today
| Lender | Type | Rate range | Up to | Min score |
|---|---|---|---|---|
| State Bank of India Car Loan | Public Sector Bank | 8.70% – 9.85% | ₹1 Cr | 700 |
| Kotak Mahindra Prime Car Loan | NBFC | 9.00% – 14.00% | ₹1 Cr | 700 |
| ICICI Bank Car Loan | Private Bank | 9.15% – 13.00% | ₹1 Cr | 700 |
| HDFC Bank New Car Loan | Private Bank | 9.20% – 13.00% | ₹1 Cr | 700 |
| Mahindra Finance Vehicle Loan (rural / informal income) | NBFC | 10.50% – 18.00% | ₹50 L | Any |
As on 26 Oct 2026, RBI repo rate 5.50%. Indicative ranges; your rate depends on your profile.
See today’s rates from every lender →
Who is eligible
- Net income of ₹20,000–25,000 a month or more
- Credit score of 700+ for banks
How much you can get
- Up to 85–90% of the on-road price
- Tenure up to 7 years
Documents
- KYC, income proof, bank statements
- Proforma invoice from the dealer
Tips from our credit panel
- Keep the tenure to 5 years or less
- Compare the dealer’s financing offer with your own bank
Common questions
How much down payment is needed?
Usually 10–15% of the on-road price.