Car Loan
Drive your dream car home with attractive interest rates and flexible repayment options.
Key Features
Finance up to 90% of car value
Quick disbursal within 48 hours
Flexible tenure up to 7 years
Interest rates starting from 8.5%
New and used car financing
Minimal processing fees
Eligibility Criteria
- Age between 21-65 years
- Minimum annual income of ₹3 lakhs
- Valid driving license
- Good credit history
Documents Required
- Identity proof (PAN, Aadhaar)
- Address proof
- Income proof (salary slips/ITR)
- Bank statements for 6 months
- Car quotation/proforma invoice
Benefits & Uses
- Own your dream car today
- Preserve your savings
- Tax benefits for self-employed
- Insurance and accessories financing
- Easy upgrade options
Apply Now
Get instant approval for your car loan
Need Help?
+91 98765 43210
info@equivion.com
Compare Bank Offers
Choose the best offer from India's leading banks. Compare interest rates, eligibility, and documentation requirements.
Interest Rate
8.50% - 16.00% p.a.
HDFC Bank
Loan Amount
Up to ₹1 Crore (based on car value)
Tenure
12 - 84 months
Processing Fee
Up to 2% of loan amount + GST
Eligibility Criteria
Min Income:₹3 Lakh per annum (salaried), ₹4 Lakh p.a. (self-employed)
Age:21 years - 60 years (salaried), 65 years (self-employed)
Employment:Minimum 1 year with current employer (salaried)
Credit Score:700+
Other:Valid driving license mandatory
Required Documents
ITR: Last 2 years ITR (self-employed)
Bank Statement: Last 6 months
Salary Slips: Last 3 months salary slips (salaried)
Vehicle Documents: Car quotation, proforma invoice, RC copy (for used cars)
KYC Documents: PAN Card, Aadhaar, Passport, Driving License
Special Features
- Up to 100% on-road funding including insurance
- Instant approval through digital process
- No hidden charges
- Part-payment facility available
- Special rates for women borrowers
- Pre-owned car loans available
Interest Rate
9.00% - 15.50% p.a.
ICICI Bank
Loan Amount
Up to ₹2 Crore
Tenure
12 - 84 months
Processing Fee
Up to 2.5% of loan amount
Eligibility Criteria
Min Income:₹3 Lakh per annum (salaried), ₹5 Lakh p.a. (self-employed)
Age:21 years - 65 years
Employment:Salaried, self-employed or professionals
Credit Score:685+
Other:Valid driving license required
Required Documents
ITR: Last 2 years ITR with computation (self-employed)
Bank Statement: Last 6 months
Salary Slips: Last 3 months salary slips
Vehicle Documents: Quotation from dealer, proforma invoice
KYC Documents: PAN, Aadhaar, Passport, Voter ID, Driving License
Special Features
- Digital loan journey with instant approval
- Up to 90% of on-road price financing
- Flexible EMI options
- No pre-closure charges
- Additional loan for insurance and accessories
- Used car loans up to 5 years old vehicles
Interest Rate
8.70% - 11.45% p.a.
SBI
Loan Amount
₹25,000 - ₹100 Lakh (based on repayment capacity)
Tenure
12 - 84 months
Processing Fee
₹1,000 to ₹7,500 + GST (varies by loan amount)
Eligibility Criteria
Min Income:₹1.5 Lakh p.a. (minimum)
Age:18 years - 70 years at loan maturity
Employment:Salaried, self-employed, professionals
Credit Score:650+
Other:Valid driving license
Required Documents
ITR: Last 2 years ITR (self-employed)
Bank Statement: Last 6 months
Salary Slips: Last 3 months salary slips with Form 16
Vehicle Documents: Quotation from dealer, invoice
KYC Documents: PAN, Aadhaar, Driving License
Special Features
- Lower interest rates compared to competitors
- Up to 90% financing of ex-showroom price
- Flexible down payment options
- Pre-approved loans for existing customers
- Used car loans available
- No pre-payment penalty
Interest Rate
8.75% - 16.00% p.a.
Axis Bank
Loan Amount
₹1 Lakh - ₹1 Crore
Tenure
12 - 84 months
Processing Fee
Up to 2% of loan amount + GST
Eligibility Criteria
Min Income:₹3 Lakh per annum
Age:21 years - 60 years (salaried), 65 years (self-employed)
Employment:Minimum 2 years total experience, 1 year with current employer
Credit Score:700+
Other:Must have valid driving license
Required Documents
ITR: Last 2 years ITR (self-employed)
Bank Statement: Last 6 months
Salary Slips: Last 3 months salary slips
Vehicle Documents: Car quotation, dealer invoice, insurance details
KYC Documents: PAN Card, Aadhaar, Driving License
Special Features
- Quick loan approval within 24 hours
- Up to 100% funding including insurance and registration
- Flexible EMI options
- Zero prepayment charges
- Digital documentation process
- Special schemes for women borrowers
Important Note
Interest rates and eligibility criteria are subject to change and may vary based on individual profile, credit score, and bank policies. The information provided is indicative and for comparison purposes only. Please verify current rates and terms directly with the respective banks before applying.