Fynnedge Car Loan | Car loan for salaried Employees

Car Loans Tailored for Salaried Employees

Owning a car enhances your potential for travel efficiency since it is for salaried workers who earn a certain amount regularly. Car loans for salaried employees allow borrowers to purchase a new as well as a second-hand vehicle and also repay the financing in instalment payments.

When it comes to car loans, FynnEdge helps salaried individuals find the best offers available in the market based on factors such as salary, credit history, job details, and ability to repay the money taken as a loan.

What are the Benefits of a Car Loan for Salaried Individuals?

Most salaried employees or workers earn regular salaries, which makes it easier for bankers to assess them as good borrowers. Depending on the bank or lender, the borrower can avail of flexible repayment plans as well as financing of a large part of the total price of the vehicle.

Features of Car Finance

● Paying Fixed Monthly EMIs: Paying instalments every month throughout the time of the loan tenure.

● Flexible Loan Tenure: The period in which the borrower has to pay back the loan amount is flexible.

● Documentation Made Easy: If you are a salaried person, you will need your salary slips, bank statements, KYC documentation and income proof. Depending on the bank, the documentation could vary.

● Availability for New and Old Cars: Depending on the lender, you may avail a loan on new and used cars as well.

● Fast Application: Many lenders have now made available the facility of online application and document submission.

● Options in Lenders: FynnEdge can provide you with assistance in finding the best lenders suitable for you.

Eligibility for Salaried Person to Take Car Loan

Eligibility can change from lender to lender. Some of the common elements that lenders look into while offering the loan to a salaried individual include:

● The age of the borrower when applying for the loan and when the loan matures.

● Monthly or yearly income.

● Nature of employment and work experience.

● Employer details.

● Other financial obligations.

● Credit score and repayment history.

● Loan amount and selected model.

● Ability to repay the loan.

For example, some lenders require salaried applicants to have a minimum duration of employment and a specified minimum income level. HDFC Bank lists requirements such as a minimum of 2 years of total employment, of which 1 year should be with the current employer, while Tata Capital lists similar duration requirements for its new car loan. The requirements may vary between lenders and products.

Documents Required for Car Loan for Salaried Individuals

The documents required may vary based on a number of parameters like the lender, vehicle, loan amount, and the applicant profile. Salaried applicants may generally be required to submit:

● Identity proof such as PAN Card, Aadhaar Card, Passport, or Driving Licence

● Address proof

● Salary slips

● Bank account statement reflecting salary credits

● Form 16 or ITR, in case of applicability

● Passport-size photos

● Car quotation or proforma invoice

● Completed loan application form

For instance, lenders generally ask for salary slips and income documents for salaried applicants. Axis Bank, for instance, lists recent salary slips, Form 16/ITR and recent bank statements as documents needed for salaried applicants.

Factors That Affect Your Car Loan Approval

Before applying, lenders may evaluate several aspects of your financial profile.

Credit Score

Your credit history can influence the lender's assessment of your repayment behaviour. A stronger credit profile may help you access suitable loan terms, subject to the lender's policies.

Monthly Income

A stable income helps the lender assess whether you can comfortably manage the proposed EMI along with your existing obligations.

Employment Stability

Longer employment history and stability with your current employer may support the lender's assessment of your repayment capacity.

Existing EMIs

Existing loans and credit obligations can affect the amount you may be eligible to borrow. Lenders generally consider your overall repayment obligations before approving a new loan.

Car Value

The price, model, age, and type of vehicle can influence the loan amount and terms available to you.

How to Apply for a Car Loan as a Salaried Individual?

Applying for a car loan can generally be completed through the following steps:

1. Check Your Eligibility
Review your income, employment details, credit profile, and existing financial commitments.

2. Choose Your Car
Select the vehicle you want to purchase and obtain its quotation from the dealer.

3. Compare Loan Options
Review available lenders, interest rates, processing charges, loan amount, and repayment tenure.

4. Submit Your Documents
Provide the required KYC, income, employment, and banking documents.

5. Complete the Verification
The lender evaluates your application and verifies the information provided.

6. Get Loan Approval
If the lender approves your application, you receive the loan terms and sanction details.

7. Vehicle Purchase and Disbursal
After completing the required formalities, the approved amount is disbursed according to the lender's process.

Why Use FynnEdge for Your Car Loan?

Finding a suitable car loan can involve comparing different lenders and understanding their eligibility conditions, charges, and repayment options. FynnEdge helps you explore loan options based on your financial profile and connects you with suitable banks and NBFCs.

Instead of approaching lenders one by one, you can share your basic details and explore available options before deciding how you want to proceed.

Get Started With Your Car Loan

Planning to buy your dream car? Check your eligibility and explore suitable Car Loan for Salaried Individuals options with FynnEdge. Compare available choices, understand the repayment terms, and take the next step towards financing your car with greater clarity.

Check Your Eligibility Today

Car Loan for Salaried EMI calculator

Estimate your monthly instalment and see the full year-by-year principal and interest breakdown.

Loan amount

₹

Maximum loan amount: ₹1,00,00,000

Interest rate (p.a.)

Lenders' published rates for Car Loan: 7.55%–26.00% p.a..

Tenure

years

Maximum tenure: 8 years (96 months)

Monthly EMI

₹16,049

Total interest

₹1,62,962

Total payment

₹9,62,962

Indicative only — your actual EMI depends on the lender's exact rate and terms at sanction.

Principal vs. interest

Principal 83.1%
Interest 16.9%

Principal & interest paid per year

2026

2027

2028

2029

2030

Time on the x-axis, amount repaid on the y-axis — early on leans toward interest, later on toward principal.

Full breakdown, starting this month

Assumes your first EMI falls this month — click a period to see every month within it.

Period Principal paid Interest paid Total paid

Nov 2026 – Oct 2027 Principal paid₹1,36,864 Interest paid₹55,728 Total paid₹1,92,592

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2026	₹11,016	₹5,033	₹16,049	₹7,88,984
Dec 2026	₹11,085	₹4,964	₹16,049	₹7,77,899
Jan 2027	₹11,155	₹4,894	₹16,049	₹7,66,744
Feb 2027	₹11,225	₹4,824	₹16,049	₹7,55,518
Mar 2027	₹11,296	₹4,753	₹16,049	₹7,44,222
Apr 2027	₹11,367	₹4,682	₹16,049	₹7,32,855
May 2027	₹11,438	₹4,611	₹16,049	₹7,21,417
Jun 2027	₹11,510	₹4,539	₹16,049	₹7,09,906
Jul 2027	₹11,583	₹4,466	₹16,049	₹6,98,324
Aug 2027	₹11,656	₹4,394	₹16,049	₹6,86,668
Sep 2027	₹11,729	₹4,320	₹16,049	₹6,74,939
Oct 2027	₹11,803	₹4,246	₹16,049	₹6,63,136

Nov 2027 – Oct 2028 Principal paid₹1,47,563 Interest paid₹45,030 Total paid₹1,92,592

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2027	₹11,877	₹4,172	₹16,049	₹6,51,259
Dec 2027	₹11,952	₹4,098	₹16,049	₹6,39,307
Jan 2028	₹12,027	₹4,022	₹16,049	₹6,27,280
Feb 2028	₹12,103	₹3,947	₹16,049	₹6,15,177
Mar 2028	₹12,179	₹3,870	₹16,049	₹6,02,998
Apr 2028	₹12,256	₹3,794	₹16,049	₹5,90,743
May 2028	₹12,333	₹3,717	₹16,049	₹5,78,410
Jun 2028	₹12,410	₹3,639	₹16,049	₹5,66,000
Jul 2028	₹12,488	₹3,561	₹16,049	₹5,53,512
Aug 2028	₹12,567	₹3,483	₹16,049	₹5,40,945
Sep 2028	₹12,646	₹3,403	₹16,049	₹5,28,299
Oct 2028	₹12,725	₹3,324	₹16,049	₹5,15,573

Nov 2028 – Oct 2029 Principal paid₹1,59,097 Interest paid₹33,495 Total paid₹1,92,592

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2028	₹12,806	₹3,244	₹16,049	₹5,02,768
Dec 2028	₹12,886	₹3,163	₹16,049	₹4,89,882
Jan 2029	₹12,967	₹3,082	₹16,049	₹4,76,914
Feb 2029	₹13,049	₹3,001	₹16,049	₹4,63,866
Mar 2029	₹13,131	₹2,918	₹16,049	₹4,50,735
Apr 2029	₹13,214	₹2,836	₹16,049	₹4,37,521
May 2029	₹13,297	₹2,753	₹16,049	₹4,24,225
Jun 2029	₹13,380	₹2,669	₹16,049	₹4,10,844
Jul 2029	₹13,464	₹2,585	₹16,049	₹3,97,380
Aug 2029	₹13,549	₹2,500	₹16,049	₹3,83,831
Sep 2029	₹13,634	₹2,415	₹16,049	₹3,70,196
Oct 2029	₹13,720	₹2,329	₹16,049	₹3,56,476

Nov 2029 – Oct 2030 Principal paid₹1,71,534 Interest paid₹21,059 Total paid₹1,92,592

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2029	₹13,807	₹2,243	₹16,049	₹3,42,669
Dec 2029	₹13,893	₹2,156	₹16,049	₹3,28,776
Jan 2030	₹13,981	₹2,069	₹16,049	₹3,14,795
Feb 2030	₹14,069	₹1,981	₹16,049	₹3,00,726
Mar 2030	₹14,157	₹1,892	₹16,049	₹2,86,569
Apr 2030	₹14,246	₹1,803	₹16,049	₹2,72,323
May 2030	₹14,336	₹1,713	₹16,049	₹2,57,987
Jun 2030	₹14,426	₹1,623	₹16,049	₹2,43,561
Jul 2030	₹14,517	₹1,532	₹16,049	₹2,29,044
Aug 2030	₹14,608	₹1,441	₹16,049	₹2,14,435
Sep 2030	₹14,700	₹1,349	₹16,049	₹1,99,735
Oct 2030	₹14,793	₹1,257	₹16,049	₹1,84,942

Nov 2030 – Oct 2031 Principal paid₹1,84,942 Interest paid₹7,650 Total paid₹1,92,593

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2030	₹14,886	₹1,164	₹16,049	₹1,70,057
Dec 2030	₹14,979	₹1,070	₹16,049	₹1,55,077
Jan 2031	₹15,074	₹976	₹16,049	₹1,40,003
Feb 2031	₹15,169	₹881	₹16,049	₹1,24,835
Mar 2031	₹15,264	₹785	₹16,049	₹1,09,571
Apr 2031	₹15,360	₹689	₹16,049	₹94,211
May 2031	₹15,457	₹593	₹16,049	₹78,754
Jun 2031	₹15,554	₹496	₹16,049	₹63,201
Jul 2031	₹15,652	₹398	₹16,049	₹47,549
Aug 2031	₹15,750	₹299	₹16,049	₹31,799
Sep 2031	₹15,849	₹200	₹16,049	₹15,949
Oct 2031	₹15,949	₹100	₹16,050	₹0

Balance remaining after the last month of each period shown above.

Lenders offering this product

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Lenders compared: 39
Rates from: 7.55% p.a.
Loan up to: ₹10 Crore
Tenure up to: 10 yrs

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Lender	Interest rate	Loan amount	Tenure	Processing fee	Eligibility	Apply
Compare Indian Bank Indian Bank Bank Lowest rate	Interest rate 7.55% – 8.85% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹5 Crore	Tenure 1–7 yrs	Processing fee ₹1,200 + GST Fee details IB Vehicle Loan (new car): flat Rs1,200 + GST (w.e.f. 17.11.2025). ROI 7.55-8.85%; Eco Vahan 7.55-8.75%; used car 9.55-11.65% (PF 1% max Rs10,000, max 72 months)	Eligibility Age 18–70 yrs Min. income ₹25,000/mo Salaried or Self-employed	Apply Now
Compare Bank of Maharashtra Bank of Maharashtra Bank	Interest rate 7.70% – 12.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹1,000–₹15,000 + GST Fee details Maha Super Car Loan: PF 0.25% min Rs1,000 max Rs15,000 +GST (nil for EVs; service-charge page). ROI RLLR-0.60% = 7.45% (CIBIL 800+ salaried) to 10.65% (<600), non-salaried higher, page range 7.45-12.00%; 0.25% concession for HL/corporate salary customers	Eligibility Age 18–70 yrs Min. income ₹25,000/mo 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare UCO Bank UCO Bank Bank	Interest rate 7.70% – 10.25% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹1,000–₹1,500 + GST Fee details 1% of loan amt, max Rs1,500; festive 100% waiver of processing & documentation on car loans. New car 8.35% (w.e.f. 17.08.2026); pre-owned 9.15% (certified dealer, max Rs15 lakh) to 9.65% (max Rs5 lakh, 60 months)	Eligibility Age 21–70 yrs Min. income ₹0/mo Salaried or Self-employed	Apply Now
Compare Canara Bank Canara Bank Bank	Interest rate 7.80% – 10.95% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹1,000–₹5,000 + GST Fee details 0.25% (min ₹1,000, max ₹5,000) + GST; 50% waiver 01-Jul to 30-Sep-2026; new cars RLLR-linked 7.50–10.70% (EV from 7.45%); used cars up to 60M, max ₹50L; no upper limit for new vehicles	Eligibility Age 21–70 yrs Min. income ₹25,000/mo Salaried or Self-employed	Apply Now
Compare Bank of Baroda Bank of Baroda Bank	Interest rate 7.85% – 11.55% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹3 Crore	Tenure 1–7 yrs	Processing fee ₹500–₹2,000 + GST Fee details Flat ₹1,500 + GST (≤₹10L), ₹2,000 + GST (>₹10L); ₹500 + GST for govt/PSU employees; nil under Baroda Direct/Yoddha; floating BRLLR − 0.30% to BRLLR+SP + 3.15%, fixed 8.50–11.20%	Eligibility Age 21–70 yrs Min. income ₹0/mo Credit score 701+ Salaried or Self-employed	Apply Now
Compare Federal Bank Federal Bank Bank	Interest rate 7.85% – 9.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹500–₹100,000 + GST Fee details New car fixed 7.90%-9.00%; used car / loan against car 10.15%-14.00% (used tenure up to 60 months); PF not published; take-home Rs 20k after EMIs	Eligibility Age 21–65 yrs Min. income ₹20,000/mo Salaried or Self-employed	Apply Now
Compare Indian Overseas Bank Indian Overseas Bank Bank	Interest rate 7.85% – 8.85% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹500–₹5,000 + GST Fee details processing charges as applicable, fully waived for electric vehicles; up to 90% of cost; 2 yrs service/business; Pushpaka PF 0.50% min Rs500 max Rs5,000 (charge schedule)	Eligibility Age 18–70 yrs Min. income ₹8,000/mo 24+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Punjab & Sind Bank Punjab & Sind Bank Bank	Interest rate 7.85% – 14.30% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹1,000–₹15,000 + GST Fee details PSB Apna Vahan 4W: 0.25% of loan amt, min Rs1,000 max Rs15,000 + GST; pre-owned 0.35% min Rs1,000 max Rs25,000. ROI new 4W 7.60% (825+) to 14.05% (<650), E-Apna Vahan STP from 7.55% (min CIBIL 700); pre-owned 9.75-16.00% (max Rs75 lakh, 60 months)	Eligibility Age 18–70 yrs Min. income ₹0/mo Credit score 700+ Salaried or Self-employed	Apply Now
Compare Central Bank of India Central Bank of India Bank	Interest rate 7.90% – 9.55% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹2 Crore	Tenure 1–7 yrs	Processing fee ₹2,000–₹20,000 + GST Fee details Cent Vehicle 4W: 0.50% min Rs2,000 max Rs20,000 + GST - full waiver till 31.12.2026. ROI RBLR-0.60% to RBLR+1.05% (7.65-9.30%) by CIC score; co-borrower needed above age 60	Eligibility Age 18–65 yrs Min. income ₹25,000/mo Credit score 700+ Salaried or Self-employed	Apply Now
Compare Punjab National Bank Punjab National Bank Bank	Interest rate 7.90% – 9.95% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹1,000–₹1,500 + GST Fee details 0.25% (min ₹1,000, max ₹1,500) excl. GST; no documentation charge; CIBIL-tiered (750+: 7.60–8.70%); margin 10–15% on-road	Eligibility Age 21–70 yrs Min. income ₹25,000/mo Credit score 681+ Salaried or Self-employed	Apply Now
Compare ICICI Bank ICICI Bank Bank	Interest rate 8.40% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹2,000–₹8,500 + GST Fee details New car PF up to ₹8,500 + GST; up to 100% on-road funding	Eligibility Age 21–65 yrs Min. income ₹25,000/mo Salaried or Self-employed	Apply Now
Compare State Bank of India State Bank of India Bank	Interest rate 8.40% – 9.35% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹500–₹1,500 + GST Fee details Flat ₹500 (≤₹5L), ₹1,000 (₹5–10L), ₹1,500 (>₹10L) + GST for salaried; up to 100% on-road funding; no foreclosure charge after 2 yrs	Eligibility Age 21–70 yrs Min. income ₹25,000/mo Credit score 700+ Salaried or Self-employed	Apply Now
Compare City Union Bank City Union Bank Bank	Interest rate 8.45% – 9.95% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹750–₹125,000 + GST Fee details EBLR + 4.75 (<3 yrs) / +5.00 (3-4 yrs) / +5.25 (4-5 yrs); PF 1.25% min Rs 750	Eligibility Age 21–60 yrs Min. income ₹15,000/mo Salaried or Self-employed	Apply Now
Compare Axis Bank Axis Bank Bank	Interest rate 8.80% – 11.70% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹3,500–₹12,000 + GST Fee details Up to 2% of loan + GST; documentation ₹700 + GST; 1Y MCLR 8.90% + 0%-2.80%; up to 100% on-road funding; salaried max 60 at maturity, self-employed max 75	Eligibility Age 18–75 yrs Min. income ₹0/mo Salaried or Self-employed	Apply Now
Compare Bandhan Bank Bandhan Bank Bank	Interest rate 8.86% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹4,000–₹400,000 + GST Fee details Up to 4% of loan amount + GST; new & used cars; up to 90% of on-road price; fixed-rate foreclosure 4%, nil on floating	Eligibility Age 21–65 yrs Min. income ₹0/mo Salaried or Self-employed	Apply Now
Compare IDFC FIRST Bank IDFC FIRST Bank Bank Longest tenure	Interest rate 8.99% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹2 Crore	Tenure 1–10 yrs	Processing fee ₹5,000–₹10,000 + GST Fee details Up to 5% of loan amount; zero foreclosure on floating-rate loans; tenure up to 10 years	Eligibility Age 21–70 yrs Min. income ₹15,000/mo 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Cholamandalam Finance Cholamandalam Finance NBFC / HFC	Interest rate 9.00% – 20.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹500–₹250,000 + GST Fee details New car loans from Rs 1 lakh with up to 100% on-road funding; pre-owned car loans tenure up to 5 years; pre-closure 5% (7-12 months) + GST; IRP Dec-2025 new car 9%-20%, admin/PF 0.5%-2.5% + GST	Eligibility Age 21–75 yrs Min. income ₹16,667/mo 36+ months in current employment/business Salaried or Self-employed	Apply Now
Compare HDFC Bank HDFC Bank Bank	Interest rate 9.00% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹25 Lakh	Tenure 1–7 yrs	Processing fee ₹3,500–₹8,000 + GST Fee details Up to 0.5% of loan, min ₹3,500 max ₹8,000; NIL for MSE loans up to ₹5 lakh with URC; up to 100% on-road funding, EV tenure up to 96 months	Eligibility Age 21–65 yrs Min. income ₹25,000/mo 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Hero FinCorp Hero FinCorp NBFC / HFC Longest tenure	Interest rate 9.00% – 18.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹50,000 – ₹50 Lakh	Tenure 1–10 yrs	Processing fee ₹1,500–₹200,000 + GST Fee details New car: from 9% up to Rs 25 lakh / 120 months / PF up to 3%; used car: 18-26% up to Rs 50 lakh / 60 months / PF up to 4% + GST	Eligibility Age 18–70 yrs Min. income ₹15,000/mo Salaried or Self-employed	Apply Now
Compare Tata Capital Tata Capital NBFC / HFC	Interest rate 9.49% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹5 Crore	Tenure 1–7 yrs	Processing fee ₹3,000–₹1,475,000 + GST Fee details foreclosure 6%/5% of principal outstanding; min annual income Rs 3 lakh; PF up to 2.95% of loan amount; CIBIL 700+	Eligibility Age 21–65 yrs Min. income ₹25,000/mo Credit score 700+ 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare HDB Financial Services HDB Financial Services NBFC / HFC	Interest rate 9.50% – 26.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹3,500–₹5,900 Fee details New, used and refinance car loans; up to 100% funding; PF up to 3.54% inclusive of GST; documentation up to Rs 2,500 or 3.54% whichever higher; sourced via dealers/agents per HDB disclosure	Eligibility Age 21–60 yrs Min. income ₹25,000/mo 36+ months in current employment/business Salaried or Self-employed	Apply Now
Compare RBL Bank RBL Bank Bank	Interest rate 10.50% – 11.50% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹50,000 – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹500–₹200,000 + GST Fee details Fixed rate; salaried up to Rs 30 lakh, self-employed up to Rs 1 crore; up to 90% on-road funding; pre-owned car loan up to Rs 30 lakh; rate/PF not published by bank or aggregators	Eligibility Age 21–75 yrs Min. income ₹20,000/mo 24+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Poonawalla Fincorp Poonawalla Fincorp NBFC / HFC	Interest rate 11.00% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹2 Lakh – ₹75 Lakh	Tenure 1–6 yrs	Processing fee ₹4,000–₹150,000 Fee details Pre-owned car loan Rs 2-75 lakh; PF up to 2% inclusive of taxes; foreclosure 4% + taxes; salaried 3-6 months in current job (12-24 months total)	Eligibility Age 21–65 yrs Min. income ₹0/mo Credit score 700+ 3+ months in current employment/business Salaried or Self-employed	Apply Now
Compare AU Small Finance Bank AU Small Finance Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹20,000 – ₹1 Crore	Tenure 6–60 mo	Processing fee ₹400–₹300,000 + GST Fee details New/used car loans under vehicle finance; pricing not published on product page; BB: new car up to 17%, used up to 26%; 6-60 months; PF 2% new/3% used	Eligibility Age 21–70 yrs Min. income ₹0/mo Salaried or Self-employed	Apply Now
Compare Bajaj Finance Bajaj Finance NBFC / HFC Highest amount	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹10 Crore	Tenure 1–8 yrs	Processing fee ₹3,000–₹2,950,000 Fee details PF up to 2.95% incl. taxes for both	Eligibility Age 21–80 yrs Min. income ₹25,000/mo Credit score 650+ 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Bank of India Bank of India Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹50 Lakh	Tenure 1–7 yrs	Processing fee ₹1,000–₹5,000 + GST Fee details Star Vehicle Loan 4W: 0.15% min Rs1,000 max Rs5,000 + GST (CIBIL 725+); 2nd-hand vehicles 10.40-10.50%	Eligibility Age 18–65 yrs Min. income ₹0/mo Salaried or Self-employed	Apply Now
Compare IndusInd Bank IndusInd Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹2,000–₹300,000 + GST Fee details Up to 100% of on-road price, tenure up to 7 years; rates per profile; PF 2%-3%	Eligibility Age 23–65 yrs Min. income ₹20,833/mo 36+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Karur Vysya Bank Karur Vysya Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹75 Lakh	Tenure 1–7 yrs	Processing fee ₹3,000–₹7,500 + GST Fee details Rs 3,000 up to Rs 10 lakh; Rs 7,500 above Rs 10 lakh; new car 84 months, used car 60 months; flat-only fee; % derived	Eligibility Age 21–70 yrs Min. income ₹20,000/mo 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Kotak Mahindra Bank Kotak Mahindra Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹3,000–₹300,000 Fee details Financed by Kotak Mahindra Prime Ltd: processing 3% of loan + documentation ₹7,500; foreclosure 5.21%/3%; rate depends on profile/segment/tenure	Eligibility Age 21–65 yrs Min. income ₹15,000/mo 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Kotak Mahindra Prime Kotak Mahindra Prime NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹75,000 – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹7,500 + GST Fee details PF 3% of loan + documentation Rs 7,500 (both non-refundable, + GST); up to 100% on-road (new) / 90% (used); salaried max age 60 at maturity, self-employed 65	Eligibility Age 21–65 yrs Min. income ₹15,000/mo 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Mahindra Finance Mahindra Finance NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹1,000–₹200,000 + GST Fee details New and pre-owned car loans, funding up to 100% of ex-showroom value; rates location/profile based, not published; GST extra on fees; rate/PF not published - typical values	Eligibility Age 21–60 yrs Min. income ₹0/mo Salaried or Self-employed	Apply Now
Compare Manappuram Finance Manappuram Finance NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–7 yrs	Processing fee ₹1,000–₹100,000 + GST Fee details New/used car loans via vehicle loan vertical; rate card not published online; Interest Rate Policy car loan band 14%-32%, processing/appraisal capped at 1%	Eligibility Age 21–65 yrs Min. income ₹0/mo Salaried or Self-employed	Apply Now
Compare Muthoot Finance Muthoot Finance NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹1,000–₹200,000 + GST Fee details New/used car loans (used up to 90% of value); rate card not published online - branch quote; via Muthoot Money from Rs 1 lakh; age 18-70, salaried Rs 96,000 p.a., 1 yr vintage (official)	Eligibility Age 18–70 yrs Min. income ₹8,000/mo Credit score 700+ 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Piramal Finance Piramal Finance NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹25 Lakh	Tenure 1–5 yrs	Processing fee ₹5,000–₹125,000 + GST Fee details Pre-owned car loan up to Rs 25 lakh, up to 90% of car value; PF up to 5% + taxes; range per used car loan quarterly disclosure; min annual income Rs 2.5 lakh	Eligibility Age 21–65 yrs Min. income ₹20,833/mo Credit score 700+ 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Shriram Finance Shriram Finance NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹10 Lakh	Tenure 1–4 yrs	Processing fee ₹5,000–₹50,000 + GST Fee details Used car loan only; up to 85% of car value; max Rs 10 lakh; IRP used non-commercial vehicle band 10%-36%; PF up to 5% (all products)	Eligibility Age 21–59 yrs Min. income ₹0/mo Salaried or Self-employed	Apply Now
Compare South Indian Bank South Indian Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹2 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹500–₹5,000 Fee details 0.25% of loan amount or Rs 5,000 whichever is less; up to 90% of on-road price; SIB Loan Referral Partner programme	Eligibility Age 21–60 yrs Min. income ₹60,000/mo Salaried or Self-employed	Apply Now
Compare TVS Credit TVS Credit NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹5,900–₹590,000 Fee details Used car loan; up to 95% funding; PF max 5.9% inclusive of GST; rate range from official EMI calculator; foreclosure 5.5%-6.5%; no-income-proof option; CIBIL 750+ per official FAQ	Eligibility Age 18–65 yrs Min. income ₹0/mo Credit score 750+ 12+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Union Bank of India Union Bank of India Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹1.3 Crore	Tenure 1–7 yrs	Processing fee ₹1,000 + GST Fee details used 4W (<=3 yrs, max Rs20 lakh) 11.60-11.70%; Green vehicle from 7.50%	Eligibility Age 18–75 yrs Min. income ₹20,000/mo Credit score 700+ Salaried or Self-employed	Apply Now
Compare Yes Bank Yes Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹5 Crore	Tenure 1–7 yrs	Processing fee ₹5,000–₹10,000 + GST Fee details 10.25%-12.25%; salaried 21-58, self-employed 21-65; 2 yrs experience	Eligibility Age 21–65 yrs Min. income ₹16,667/mo 24+ months in current employment/business Salaried or Self-employed	Apply Now

Lender

Interest rate

Loan amount

Tenure

Processing fee

Eligibility

Indian Bank Bank

Lowest rate

Interest rate

7.55% – 8.85%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹5 Crore

Tenure

1–7 yrs

Processing fee

₹1,200 + GST

Fee details

IB Vehicle Loan (new car): flat Rs1,200 + GST (w.e.f. 17.11.2025). ROI 7.55-8.85%; Eco Vahan 7.55-8.75%; used car 9.55-11.65% (PF 1% max Rs10,000, max 72 months)

Eligibility

Age 18–70 yrs
Min. income ₹25,000/mo
Salaried or Self-employed

Apply Now

Bank of Maharashtra Bank

Interest rate

7.70% – 12.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹1,000–₹15,000 + GST

Fee details

Maha Super Car Loan: PF 0.25% min Rs1,000 max Rs15,000 +GST (nil for EVs; service-charge page). ROI RLLR-0.60% = 7.45% (CIBIL 800+ salaried) to 10.65% (<600), non-salaried higher, page range 7.45-12.00%; 0.25% concession for HL/corporate salary customers

Eligibility

Age 18–70 yrs
Min. income ₹25,000/mo
12+ months in current employment/business
Salaried or Self-employed

Apply Now

UCO Bank Bank

Interest rate

7.70% – 10.25%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹1,000–₹1,500 + GST

Fee details

1% of loan amt, max Rs1,500; festive 100% waiver of processing & documentation on car loans. New car 8.35% (w.e.f. 17.08.2026); pre-owned 9.15% (certified dealer, max Rs15 lakh) to 9.65% (max Rs5 lakh, 60 months)

Eligibility

Age 21–70 yrs
Min. income ₹0/mo
Salaried or Self-employed

Apply Now

Canara Bank Bank

Interest rate

7.80% – 10.95%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹1,000–₹5,000 + GST

Fee details

0.25% (min ₹1,000, max ₹5,000) + GST; 50% waiver 01-Jul to 30-Sep-2026; new cars RLLR-linked 7.50–10.70% (EV from 7.45%); used cars up to 60M, max ₹50L; no upper limit for new vehicles

Eligibility

Age 21–70 yrs
Min. income ₹25,000/mo
Salaried or Self-employed

Apply Now

Bank of Baroda Bank

Interest rate

7.85% – 11.55%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹3 Crore

Tenure

1–7 yrs

Processing fee

₹500–₹2,000 + GST

Fee details

Flat ₹1,500 + GST (≤₹10L), ₹2,000 + GST (>₹10L); ₹500 + GST for govt/PSU employees; nil under Baroda Direct/Yoddha; floating BRLLR − 0.30% to BRLLR+SP + 3.15%, fixed 8.50–11.20%

Eligibility

Age 21–70 yrs
Min. income ₹0/mo
Credit score 701+
Salaried or Self-employed

Apply Now

Federal Bank Bank

Interest rate

7.85% – 9.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹500–₹100,000 + GST

Fee details

New car fixed 7.90%-9.00%; used car / loan against car 10.15%-14.00% (used tenure up to 60 months); PF not published; take-home Rs 20k after EMIs

Eligibility

Age 21–65 yrs
Min. income ₹20,000/mo
Salaried or Self-employed

Apply Now

Indian Overseas Bank Bank

Interest rate

7.85% – 8.85%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹500–₹5,000 + GST

Fee details

processing charges as applicable, fully waived for electric vehicles; up to 90% of cost; 2 yrs service/business; Pushpaka PF 0.50% min Rs500 max Rs5,000 (charge schedule)

Eligibility

Age 18–70 yrs
Min. income ₹8,000/mo
24+ months in current employment/business
Salaried or Self-employed

Apply Now

Punjab & Sind Bank Bank

Interest rate

7.85% – 14.30%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹1,000–₹15,000 + GST

Fee details

PSB Apna Vahan 4W: 0.25% of loan amt, min Rs1,000 max Rs15,000 + GST; pre-owned 0.35% min Rs1,000 max Rs25,000. ROI new 4W 7.60% (825+) to 14.05% (<650), E-Apna Vahan STP from 7.55% (min CIBIL 700); pre-owned 9.75-16.00% (max Rs75 lakh, 60 months)

Eligibility

Age 18–70 yrs
Min. income ₹0/mo
Credit score 700+
Salaried or Self-employed

Apply Now

Central Bank of India Bank

Interest rate

7.90% – 9.55%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹2 Crore

Tenure

1–7 yrs

Processing fee

₹2,000–₹20,000 + GST

Fee details

Cent Vehicle 4W: 0.50% min Rs2,000 max Rs20,000 + GST - full waiver till 31.12.2026. ROI RBLR-0.60% to RBLR+1.05% (7.65-9.30%) by CIC score; co-borrower needed above age 60

Eligibility

Age 18–65 yrs
Min. income ₹25,000/mo
Credit score 700+
Salaried or Self-employed

Apply Now

Punjab National Bank Bank

Interest rate

7.90% – 9.95%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹1,000–₹1,500 + GST

Fee details

0.25% (min ₹1,000, max ₹1,500) excl. GST; no documentation charge; CIBIL-tiered (750+: 7.60–8.70%); margin 10–15% on-road

Eligibility

Age 21–70 yrs
Min. income ₹25,000/mo
Credit score 681+
Salaried or Self-employed

Apply Now

ICICI Bank Bank

Interest rate

8.40%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹2,000–₹8,500 + GST

Fee details

New car PF up to ₹8,500 + GST; up to 100% on-road funding

Eligibility

Age 21–65 yrs
Min. income ₹25,000/mo
Salaried or Self-employed

Apply Now

State Bank of India Bank

Interest rate

8.40% – 9.35%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹500–₹1,500 + GST

Fee details

Flat ₹500 (≤₹5L), ₹1,000 (₹5–10L), ₹1,500 (>₹10L) + GST for salaried; up to 100% on-road funding; no foreclosure charge after 2 yrs

Eligibility

Age 21–70 yrs
Min. income ₹25,000/mo
Credit score 700+
Salaried or Self-employed

Apply Now

City Union Bank Bank

Interest rate

8.45% – 9.95%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹750–₹125,000 + GST

Fee details

EBLR + 4.75 (<3 yrs) / +5.00 (3-4 yrs) / +5.25 (4-5 yrs); PF 1.25% min Rs 750

Eligibility

Age 21–60 yrs
Min. income ₹15,000/mo
Salaried or Self-employed

Apply Now

Axis Bank Bank

Interest rate

8.80% – 11.70%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹3,500–₹12,000 + GST

Fee details

Up to 2% of loan + GST; documentation ₹700 + GST; 1Y MCLR 8.90% + 0%-2.80%; up to 100% on-road funding; salaried max 60 at maturity, self-employed max 75

Eligibility

Age 18–75 yrs
Min. income ₹0/mo
Salaried or Self-employed

Apply Now

Bandhan Bank Bank

Interest rate

8.86%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹4,000–₹400,000 + GST

Fee details

Up to 4% of loan amount + GST; new & used cars; up to 90% of on-road price; fixed-rate foreclosure 4%, nil on floating

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Salaried or Self-employed

Apply Now

IDFC FIRST Bank Bank

Longest tenure

Interest rate

8.99%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹2 Crore

Tenure

1–10 yrs

Processing fee

₹5,000–₹10,000 + GST

Fee details

Up to 5% of loan amount; zero foreclosure on floating-rate loans; tenure up to 10 years

Eligibility

Age 21–70 yrs
Min. income ₹15,000/mo
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Cholamandalam Finance NBFC / HFC

Interest rate

9.00% – 20.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹500–₹250,000 + GST

Fee details

New car loans from Rs 1 lakh with up to 100% on-road funding; pre-owned car loans tenure up to 5 years; pre-closure 5% (7-12 months) + GST; IRP Dec-2025 new car 9%-20%, admin/PF 0.5%-2.5% + GST

Eligibility

Age 21–75 yrs
Min. income ₹16,667/mo
36+ months in current employment/business
Salaried or Self-employed

Apply Now

HDFC Bank Bank

Interest rate

9.00%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹25 Lakh

Tenure

1–7 yrs

Processing fee

₹3,500–₹8,000 + GST

Fee details

Up to 0.5% of loan, min ₹3,500 max ₹8,000; NIL for MSE loans up to ₹5 lakh with URC; up to 100% on-road funding, EV tenure up to 96 months

Eligibility

Age 21–65 yrs
Min. income ₹25,000/mo
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Hero FinCorp NBFC / HFC

Longest tenure

Interest rate

9.00% – 18.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹50,000 – ₹50 Lakh

Tenure

1–10 yrs

Processing fee

₹1,500–₹200,000 + GST

Fee details

New car: from 9% up to Rs 25 lakh / 120 months / PF up to 3%; used car: 18-26% up to Rs 50 lakh / 60 months / PF up to 4% + GST

Eligibility

Age 18–70 yrs
Min. income ₹15,000/mo
Salaried or Self-employed

Apply Now

Tata Capital NBFC / HFC

Interest rate

9.49%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹5 Crore

Tenure

1–7 yrs

Processing fee

₹3,000–₹1,475,000 + GST

Fee details

foreclosure 6%/5% of principal outstanding; min annual income Rs 3 lakh; PF up to 2.95% of loan amount; CIBIL 700+

Eligibility

Age 21–65 yrs
Min. income ₹25,000/mo
Credit score 700+
12+ months in current employment/business
Salaried or Self-employed

Apply Now

HDB Financial Services NBFC / HFC

Interest rate

9.50% – 26.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹3,500–₹5,900

Fee details

New, used and refinance car loans; up to 100% funding; PF up to 3.54% inclusive of GST; documentation up to Rs 2,500 or 3.54% whichever higher; sourced via dealers/agents per HDB disclosure

Eligibility

Age 21–60 yrs
Min. income ₹25,000/mo
36+ months in current employment/business
Salaried or Self-employed

Apply Now

RBL Bank Bank

Interest rate

10.50% – 11.50%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹50,000 – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹500–₹200,000 + GST

Fee details

Fixed rate; salaried up to Rs 30 lakh, self-employed up to Rs 1 crore; up to 90% on-road funding; pre-owned car loan up to Rs 30 lakh; rate/PF not published by bank or aggregators

Eligibility

Age 21–75 yrs
Min. income ₹20,000/mo
24+ months in current employment/business
Salaried or Self-employed

Apply Now

Poonawalla Fincorp NBFC / HFC

Interest rate

11.00%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹2 Lakh – ₹75 Lakh

Tenure

1–6 yrs

Processing fee

₹4,000–₹150,000

Fee details

Pre-owned car loan Rs 2-75 lakh; PF up to 2% inclusive of taxes; foreclosure 4% + taxes; salaried 3-6 months in current job (12-24 months total)

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Credit score 700+
3+ months in current employment/business
Salaried or Self-employed

Apply Now

AU Small Finance Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹20,000 – ₹1 Crore

Tenure

6–60 mo

Processing fee

₹400–₹300,000 + GST

Fee details

New/used car loans under vehicle finance; pricing not published on product page; BB: new car up to 17%, used up to 26%; 6-60 months; PF 2% new/3% used

Eligibility

Age 21–70 yrs
Min. income ₹0/mo
Salaried or Self-employed

Apply Now

Bajaj Finance NBFC / HFC

Highest amount

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹10 Crore

Tenure

1–8 yrs

Processing fee

₹3,000–₹2,950,000

Fee details

PF up to 2.95% incl. taxes for both

Eligibility

Age 21–80 yrs
Min. income ₹25,000/mo
Credit score 650+
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Bank of India Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹50 Lakh

Tenure

1–7 yrs

Processing fee

₹1,000–₹5,000 + GST

Fee details

Star Vehicle Loan 4W: 0.15% min Rs1,000 max Rs5,000 + GST (CIBIL 725+); 2nd-hand vehicles 10.40-10.50%

Eligibility

Age 18–65 yrs
Min. income ₹0/mo
Salaried or Self-employed

Apply Now

IndusInd Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹2,000–₹300,000 + GST

Fee details

Up to 100% of on-road price, tenure up to 7 years; rates per profile; PF 2%-3%

Eligibility

Age 23–65 yrs
Min. income ₹20,833/mo
36+ months in current employment/business
Salaried or Self-employed

Apply Now

Karur Vysya Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹75 Lakh

Tenure

1–7 yrs

Processing fee

₹3,000–₹7,500 + GST

Fee details

Rs 3,000 up to Rs 10 lakh; Rs 7,500 above Rs 10 lakh; new car 84 months, used car 60 months; flat-only fee; % derived

Eligibility

Age 21–70 yrs
Min. income ₹20,000/mo
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Kotak Mahindra Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹3,000–₹300,000

Fee details

Financed by Kotak Mahindra Prime Ltd: processing 3% of loan + documentation ₹7,500; foreclosure 5.21%/3%; rate depends on profile/segment/tenure

Eligibility

Age 21–65 yrs
Min. income ₹15,000/mo
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Kotak Mahindra Prime NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹75,000 – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹7,500 + GST

Fee details

PF 3% of loan + documentation Rs 7,500 (both non-refundable, + GST); up to 100% on-road (new) / 90% (used); salaried max age 60 at maturity, self-employed 65

Eligibility

Age 21–65 yrs
Min. income ₹15,000/mo
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Mahindra Finance NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹1,000–₹200,000 + GST

Fee details

New and pre-owned car loans, funding up to 100% of ex-showroom value; rates location/profile based, not published; GST extra on fees; rate/PF not published - typical values

Eligibility

Age 21–60 yrs
Min. income ₹0/mo
Salaried or Self-employed

Apply Now

Manappuram Finance NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–7 yrs

Processing fee

₹1,000–₹100,000 + GST

Fee details

New/used car loans via vehicle loan vertical; rate card not published online; Interest Rate Policy car loan band 14%-32%, processing/appraisal capped at 1%

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Salaried or Self-employed

Apply Now

Muthoot Finance NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹1,000–₹200,000 + GST

Fee details

New/used car loans (used up to 90% of value); rate card not published online - branch quote; via Muthoot Money from Rs 1 lakh; age 18-70, salaried Rs 96,000 p.a., 1 yr vintage (official)

Eligibility

Age 18–70 yrs
Min. income ₹8,000/mo
Credit score 700+
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Piramal Finance NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹25 Lakh

Tenure

1–5 yrs

Processing fee

₹5,000–₹125,000 + GST

Fee details

Pre-owned car loan up to Rs 25 lakh, up to 90% of car value; PF up to 5% + taxes; range per used car loan quarterly disclosure; min annual income Rs 2.5 lakh

Eligibility

Age 21–65 yrs
Min. income ₹20,833/mo
Credit score 700+
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Shriram Finance NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹10 Lakh

Tenure

1–4 yrs

Processing fee

₹5,000–₹50,000 + GST

Fee details

Used car loan only; up to 85% of car value; max Rs 10 lakh; IRP used non-commercial vehicle band 10%-36%; PF up to 5% (all products)

Eligibility

Age 21–59 yrs
Min. income ₹0/mo
Salaried or Self-employed

Apply Now

South Indian Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹2 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹500–₹5,000

Fee details

0.25% of loan amount or Rs 5,000 whichever is less; up to 90% of on-road price; SIB Loan Referral Partner programme

Eligibility

Age 21–60 yrs
Min. income ₹60,000/mo
Salaried or Self-employed

Apply Now

TVS Credit NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹5,900–₹590,000

Fee details

Used car loan; up to 95% funding; PF max 5.9% inclusive of GST; rate range from official EMI calculator; foreclosure 5.5%-6.5%; no-income-proof option; CIBIL 750+ per official FAQ

Eligibility

Age 18–65 yrs
Min. income ₹0/mo
Credit score 750+
12+ months in current employment/business
Salaried or Self-employed

Apply Now

Union Bank of India Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹1.3 Crore

Tenure

1–7 yrs

Processing fee

₹1,000 + GST

Fee details

used 4W (<=3 yrs, max Rs20 lakh) 11.60-11.70%; Green vehicle from 7.50%

Eligibility

Age 18–75 yrs
Min. income ₹20,000/mo
Credit score 700+
Salaried or Self-employed

Apply Now

Yes Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹5 Crore

Tenure

1–7 yrs

Processing fee

₹5,000–₹10,000 + GST

Fee details

10.25%-12.25%; salaried 21-58, self-employed 21-65; 2 yrs experience

Eligibility

Age 21–65 yrs
Min. income ₹16,667/mo
24+ months in current employment/business
Salaried or Self-employed

Apply Now

Not sure which lender fits? Check your eligibility with all 39 lenders with a single application.

Check eligibility

Rates are each lender's own published figures, checked against the lender's website on the date shown. The rate, amount and approval you are offered depend on the lender's assessment of your profile — FynnEdge does not guarantee approval, disbursal or any particular rate.

Why FynnEdge?

You could go directly to a bank. But why apply for a Car Loan for Salaried through us?

One profile, many lenders

Share your details once — we match you against multiple lenders' criteria instead of you applying to each one separately.

Clear, upfront eligibility

See which lenders you're likely eligible for, with plain-language reasons, before you apply.

A fully online journey

Check eligibility, compare lenders and apply — all online, without a branch visit.

Free EMI & credit tools

Plan your EMI and check your credit score for free, before you commit to anything.

Guidance, not just a listing

We help you understand your options and why a lender is or isn't a fit — not just hand you a list.

No service charges

Comparing and applying through FynnEdge is free. Any lender fees are disclosed upfront by the lender.

What our customers say

“I contacted Fynnedge for help regarding the different types of personal loans available. The process went smoothly but it took quite long for the approval. Overall, it was a good experience.””

Kavita Iyer

Hyderabad
“I collaborated with Fynnedge to seek a personal loan for a specific expenditure. The process was straightforward, and the staff explained how loans functioned. The only issue was the length of the whole application process.””

Sandeep Malhotra

Chandigarh
“I have had a very happy experience with the Flexi Hybrid Term Loan. I found the process quite easy, although I did have to go through a lot of documentation as well as learn about all the terms and conditions of the loan first." ”

Rajesh Gupta

kanpur

Frequently asked questions

What is the maximum tenure for a car loan?

The tenure, or the length of time one takes to pay back a car loan, differs depending on the lender and the type of the loan. Some car loans can have a tenure of 8 years.

Can I obtain a loan to buy a used car?

There are several financial institutions that provide loans for the purchase of a used vehicle. The eligible amount and tenure may depend on various factors such as age and value of the used car and your financial status.

What documents are required for a car loan?

Lenders commonly request identity and address documents, PAN, income proof, bank statements and the vehicle quotation or invoice. Additional documents depend on the applicant's employment type, the vehicle and the lender's requirements.

What credit score is required for a car loan?

There is no single credit score requirement across all lenders. Each lender applies its own credit policy and also considers income, existing obligations and repayment history. Meeting a credit score threshold does not guarantee approval.

How much car loan can I get?

Your eligible amount depends on the vehicle's assessed value, the lender's financing policy, your income, existing repayments and credit profile. The lender decides the approved amount and any contribution you must make.

Is a down payment required for a car loan?

A down payment may be required if the lender finances only part of the vehicle's cost. Confirm whether the financing applies to the ex-showroom price or on-road price and which expenses you must pay separately.

How much car loan can I get?

How much loan one gets depends on various factors including one’s income, creditworthiness, value of the car on purchase, ability to pay back and the lending institution’s policies. In some cases, eligible borrowers can get up to ₹1 Crore.

Updated 30 Sep 2026, 5:30 PM

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