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Home/Car / Vehicle Loans

Car / Vehicle Loans

Up to 100% On-Road Funding — New & Pre-Owned Vehicles

General Banking Guidance— category overview. Certified product facts appear in each product card below.

23 products· 18 banks

Home/Products/Car / Vehicle Loans

Car / Vehicle Loans

Up to 100% On-Road Funding — New & Pre-Owned Vehicles

General Banking Guidance— category overview. Certified product facts appear in each product card below.

What is this?

A car loan (or auto loan) is a secured loan taken to purchase a new or pre-owned car or two-wheeler, where the vehicle itself acts as collateral. Banks offer up to 100% on-road price financing for select models.

Available Variants

New Car Loan

Used / Pre-Owned Car Loan

Two-Wheeler / Bike Loan

Electric Vehicle (EV) Loan

Commercial Vehicle Loan

Balance Transfer on Existing Car Loan

Key Benefits

Up to 100% on-road price for new cars (select banks)

Tenure up to 84 months

No prepayment charges after initial lock-in

Fast digital approval in 1–4 hours

Women borrowers get rate concession at select banks

Pre-approved offers for existing bank customers

Eligibility Criteria

Salaried & self-employed; age 21–65; CIBIL 700+ recommended; minimum income ₹20,000/month. Vehicle must be from approved dealers for new car loans. For used cars, age of vehicle must be less than 10–15 years.

Who Should Choose This?

First-time car buyers
Upgrading to a new or better vehicle
EV buyers (special green vehicle rates)
Business vehicle purchases
Pre-owned car buyers on budget

Need help choosing?

Our advisors coordinate with banks for exclusive rates not available publicly.

Data verified from: Official bank websites — verified April 2026

ProductsBank-wise Products

23 products across 18 banks

Kotak Mahindra Bank

Kotak Mahindra Bank New Car Loan

New Car

Car Loan

Interest Rate

8.50% – 14% p.a.

Interest Type

fixed

Processing Fee

0.5%-1%

Loan Amount

from ₹1,00,000 | up to ₹1,50,00,000

State Bank of India

Two-Wheeler/EV

Car Loan

Interest Rate

9% – 14% p.a.

Interest Type

fixed

Processing Fee

Loan Amount

from ₹1,00,000 | up to ₹3,50,000

RBL Bank

RBL Bank Car Loan

New Car

Car Loan

Interest Rate

9.15% – 14% p.a.

Interest Type

fixed

Processing Fee

0.50%

Loan Amount

from ₹1,00,000

AU Small Finance Bank

AU Bank Used Car Loan

Used Car

Car Loan

Interest Rate

14% – 30% p.a.

Interest Type

fixed

Processing Fee

Up to 2% - 3% of loan amount

Loan Amount

from ₹1,00,000 | up to ₹20,00,000

Equitas Small Finance Bank

Equitas Vehicle Loan

New / Used Car & Commercial Vehicle

Car Loan

Interest Rate

10.50% – 24% p.a.

Interest Type

fixed

Processing Fee

1% to 2.25% + GST

Loan Amount

from ₹1,00,000 | up to ₹1,00,000

ICICI Bank

ICICI Bank Car Loan

New Vehicle

Car Loan

Interest Rate

8.85% – 11.50% p.a.

Processing Fee

0.50% + GST

Loan Amount

up to ₹2,50,00,000

Eligibility

Subject to age, income, employment/business profile, credit score, vehicle eligibility and bank policy

Kotak Mahindra Bank

Car Loan

New Vehicle

Car Loan

Interest Rate

8.50% – 11.50% p.a.

Interest Type

floating

Processing Fee

0.5%-1%

Loan Amount

from ₹1,00,000

IndusInd Bank

IndusInd Two Wheeler Loan

Two Wheeler

Car Loan

Interest Rate

8.85% – 14% p.a.

Interest Type

floating

Processing Fee

0.5% of loan amount + GST

Loan Amount

from ₹1,00,000

IndusInd Bank

IndusInd Commercial Vehicle Loan

Commercial Vehicle

Car Loan

Interest Rate

8% – 14% p.a.

Interest Type

floating

Processing Fee

Up to 5% of the loan amount

Loan Amount

from ₹1,00,000 | up to ₹25,00,000

Canara Bank

Canara Vehicle Loan Two-Wheeler

Two-Wheeler

Car Loan

Interest Rate

8.85% – 11.25% p.a.

Interest Type

floating

Processing Fee

0.5% of loan amount + GST

Loan Amount

from ₹1,00,000

Bank of Baroda

Baroda Car Loan

Standard New Car

Car Loan

Interest Rate

8.85% – 14% p.a.

Interest Type

floating

Processing Fee

0.5% of loan amount + GST

Loan Amount

from ₹1,00,000

AU Small Finance Bank

AU New Car Loan

New Car

Car Loan

Interest Rate

8.85% – 14% p.a.

Interest Type

floating

Processing Fee

0.5% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹1,00,00,000

AU Small Finance Bank

AU Commercial Vehicle Loan

Commercial Vehicle

Car Loan

Interest Rate

8.85% – 14% p.a.

Interest Type

floating

Processing Fee

0.5% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹5,00,00,000

AU Small Finance Bank

AU Two-Wheeler Loan

Two-Wheeler

Car Loan

Interest Rate

8.85% – 14% p.a.

Interest Type

floating

Processing Fee

0.5% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹3,00,000

Capital Small Finance Bank

Capital Auto Loan

Auto Loan

Car Loan

Interest Rate

11.50% – 16% p.a.

Interest Type

floating

Processing Fee

1% of loan amount

Loan Amount

from ₹1,00,000 | up to ₹1,00,000

South Indian Bank

SIB Car Loan

Standard

Car Loan

Interest Rate

12.70% – 16.70% p.a.

Interest Type

floating

Processing Fee

1.00% (Capped at Max ₹10,000)

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

What is this?

Available Variants

New Car Loan

Used / Pre-Owned Car Loan

Two-Wheeler / Bike Loan

Electric Vehicle (EV) Loan

Commercial Vehicle Loan

Balance Transfer on Existing Car Loan

Key Benefits

Up to 100% on-road price for new cars (select banks)

Tenure up to 84 months

No prepayment charges after initial lock-in

Fast digital approval in 1–4 hours

Women borrowers get rate concession at select banks

Pre-approved offers for existing bank customers

Eligibility Criteria

Who Should Choose This?

First-time car buyers
Upgrading to a new or better vehicle
EV buyers (special green vehicle rates)
Business vehicle purchases
Pre-owned car buyers on budget

Get Exclusive Rates — Not Available Publicly

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