About Car Loan

Your dream car is now affordable with LoanPeCar's Auto Loan. You don’t have to worry about paying upfront for your expensive and luxury car because our car loan will reduce your financial burden. Whether you want a small car for your loved ones, a bigger car for your family or a luxury car for your business, we offer a customizable car loan to meet your financing requirements.

Purchasing a car usually requires a significant upfront cost, and often, people struggle to buy their first car. Going for a used car is an excellent way to save money if you can find your dream car for a much lesser price. We provide competitive interest rate for both used and new cars.

With our loan offering, you don’t have to worry about paying a massive upfront cost. We provide Car Loan for up to 100% value on new cars and up to 95% value of used cars so that you can choose flexible EMI repayment option and drive home your dream car.

For quick and easy financing for your dream car, apply for a loan.

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Car Loan Customized for Your Purpose

Get any car without worrying about the cost of financing with our affordable and flexible car loan products.

Pre Owend Car

Want to buy a Pre-owned car at attractive prices? LoanPeCar is here for you. We offer financing services for Pre-owned cars. We also help you to find a used car through us. Loan tenure up to 8 years for repurchase loan

Instant Loan approval within 30 minutes

Rate of Interest as low as 13.49% p.a for repurchase loan

Interest as low as 14.49% p.a with loan to value up to 200% for refinance loan

Loan Against Car

We provide quick and ready-to-disburse loans against cars without any income documents. We provide basic interest rate, and you can choose a flexible EMI repayment plan.

Get The Right Financing for All Your Needs

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Why Choose Our Car Loan Products?

We specialize in providing personalized loans with competitive interest rates for all people.

Best Loan Tenure

Lower your EMIs with our loan tenure of up to 7 years for used cars and 10 years for new cars.

Instant Loan Approval

Get your funds within 30 minutes of loan application

Lowest ROI

We offer the lowest Rate of Interest in the industry.

Hassle-Free Documentation

Minimum document processing requirements for quick and easy Car Loan

Car Loan Eligibility requirements

Any Indian national who is either salaried, self-employed, or working in the private, public, or government sector is eligible for different types of Car Loan.

Used Car

For Self Employed Individual:

Resident Indians only

Aged between 23-70 years

Minimum 4 years of business continuity

Must earn a minimum of ₹1.5 lakh per annum

Tenure duration 12 months - 300 months

For Salaried Individuals:

Employees of private limited companies, and employees from public sector undertakings, including central, state and local bodies, are eligible.

Must be at least 21 years of age at the time of applying for the loan and must not be older than 60 at the end of the loan tenure

Must have had a job for at least 2 years, with a minimum of 1 year with the current employer

Must earn a minimum of Rs. 3,00,000 per year, including the income of the spouse/co- applicant

FAQs

Find quick answers to commonly asked questions:

How much can I borrow?

The loan amount you can borrow depends on your monthly income and creditworthiness. For car and home loans, the maximum amount you can borrow is based on the valuation of the car and home. We provide high-value loans so that you can get more than the valuation of the property. You can also avail education loans, business loans, and personal loans customised for your needs.

Used Car Loan