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 Customised For Your Purpose

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

New Car Loan

We offer the best interest rate for new cars, and you can choose from different repayment options. Choose your tenure and change the terms to find an affordable EMI option. We provide personalized and quick car financing for new cars.

  • Lowest Rate of Interest
  • Loan tenure up to 10 years for New Car & 8 Years for Used Car
  • Up to 100% on road funding for New Car & Up to 85% for Pre-Owned Car
  • No foreclosure charges
  • 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.

    New Car

    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
  • Self-Employed Individuals and Professionals (Sole Proprietorship):

  • Self-employed sole proprietors in the business of manufacturing, trading or services are eligible.
  • Must be at least 21 years of age during the time of applying for the loan and must not be older than 65 at the end of the loan      tenure
  • Must be running the business for a minimum of 2 years
  • Must earn at least Rs. Rs. 3,00,000 per annum
  • Self-Employed Individuals and Professionals (Partnership Firms):

  • Self-employed partners in the business of manufacturing, trading or services are eligible
  • Must have a minimum turnover of Rs. Rs. 3,00,000 per annum
  • Self-Employed Individuals and Professionals (Private Limited Companies):

  • Individuals who own a private company in the business of manufacturing, trading or services are eligible
  • Must earn at least Rs. Rs. 3,00,000 per annum
  • Self-Employed Individuals (Public Limited Companies):

  • Directors in public limited companies that are in the business of manufacturing, trading or services are eligible
  • Must earn a minimum of Rs. Rs. 3,00,000 per annum
  • FAQs

    Find quick answers to commonly asked questions:

    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.
    We offer flexible EMI plans for affordable repayments. If you prefer to pay off your loan early, talk to our loan advisors and learn how to close your loan quickly.
    We provide online loan services so you can apply for any loan. If you want to talk with experts, call us to talk to our financial advisors to get the best loan product for you.
    We provide online loan services so you can apply for any loan. If you want to talk with experts, call us to talk to our financial advisors to get the best loan product for you

    Car Loan - Apply Now

    Easy to apply for a loan with us,Once you have complete this form.

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