Best Car Loan Online - Get Instant Approval
Low interest rates from 7.2% • Quick disbursal in 24-48 hours • Compare lenders for best deals
Car Loan Options
New Car Loan
Finance your brand new car with competitive rates
Rate: 7.2% - 10.5%
Amount: Up to ₹50 Lakh
Tenure: 12-84 months
Used Car Loan
Quick financing for pre-owned vehicles
Rate: 8.5% - 11.5%
Amount: Up to ₹30 Lakh
Tenure: 12-72 months
Two-Wheeler Loan
Affordable two-wheeler financing solutions
Rate: 8.0% - 12.0%
Amount: Up to ₹5 Lakh
Tenure: 12-60 months
Top Car Loan Lenders
| Lender | Interest Rate | Approval Time | Min CIBIL Score |
|---|---|---|---|
| HDFC Bank | 7.2% | 24 hours | 650 |
| ICICI Bank | 7.5% | 24 hours | 650 |
| Bajaj Finserv | 8.0% | 2 hours | 600 |
| Mahindra Finance | 8.3% | 4 hours | 600 |
Car Loan Eligibility Criteria
For Salaried Professionals
- Age: 21-60 years
- Monthly income: ₹25,000+
- Employment: Minimum 2 years
- CIBIL score: 650+
- Minimum loan: ₹5 Lakh
For Self-Employed
- Age: 21-65 years
- Monthly income: ₹30,000+
- Business: Minimum 3 years
- CIBIL score: 700+
- ITR: Last 2-3 years
Frequently Asked Questions
What is the minimum CIBIL score required for car loan?
Most lenders require a minimum CIBIL score of 600-650. Higher scores (750+) get better interest rates. Score below 600 may require additional collateral or guarantor.
Can I get car loan without CIBIL score?
Yes, some lenders offer car loans without CIBIL check, but with higher interest rates (11-13%). They may require additional documents or collateral.
What documents are needed for car loan?
Basic documents: ID proof, address proof, income proof (salary slips/ITR), employment letter, bank statements, vehicle details, insurance quote.
How long does car loan approval take?
Most lenders provide approval within 2-48 hours. Online applications are typically processed faster than branch visits.
Can I prepay my car loan?
Yes, most lenders allow prepayment. Some charge prepayment penalty of 0-2%. Check with your lender before paying off early.
Ready to Finance Your Car?
Get instant approval with minimal documentation
About Car Loans in India
A car loan is a popular financing option for purchasing new or used vehicles. With best car loan rates starting from 7.2% per annum, you can drive home your dream car with affordable monthly EMIs. Instant car loan approval is now possible with online applications, making the process quick and hassle-free.
Whether you're looking for a new car loan, used car loan, or two-wheeler loan, BuyNswipe helps you compare rates from top lenders. Our car loan calculator helps you understand your EMI before applying. Check your car loan eligibility in seconds without any documentation.
Get low interest car loans with flexible repayment tenure up to 84 months. Compare car loan offers from HDFC, ICICI, Bajaj Finserv, and other major lenders. Apply for car loan online today and get approval within 24-48 hours.