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Car Loan - Get offers on your new car purchase

Explore the world of hassle-free car loans with 91Wheels. Discover your instant car loan eligibility with up to 90% financing from leading banks, offering the best interest rates and EMI options.

Following are some things to keep in mind when applying for a car loan:
1. Apply for a car loan

Compare all available loan offers to identify the one providing the highest loan amount and the most affordable interest rate.

2. Submit Income Proof

Provide income proof, including bank statements (last 6 months), pay slips (last 3 months), and IT returns (last 2 years). The lender aims to assess your ability to repay the loan.

3. Submit Proof of Address and Identity

Furnish proof of address and identity, such as PAN Card, Voter's ID, Aadhaar Card, Passport, etc. The lender seeks to verify your nationality, identity, and permanent address.

4. Credit History

Submit your PAN Card for the lender to review your credit history and determine your trustworthiness in making regular repayments.

5. Information About Vehicle

Provide sales receipts from the showroom where the vehicle was purchased. The lender needs confirmation that the transaction was executed as intended.

6. Proof of Insurance and Driving License

Submit copies of the vehicle's motor insurance and your driving license. The lender must ensure compliance with all laws and protocols related to the purchased vehicle.

Car Loan Details
Interest Rate8% Onwards
Interest Rate (Monthly reducing balance)Depends on the bank
Processing FeesVaries with bank
Loan Tenure1 year to 8 years
Pre-closure ChargesVaries with bank
Guarantor RequirementVaries with bank
Collateral/Security RequirementNone
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How Does This Work ?

  • Choose your ride
    Step 1
    Choose your ride
  • Get Quotes
    Step 2
    Get Quotes
  • Instant Decision
    Step 3
    Instant Decision
  • Quick Disbursal
    Step 4
    Quick Disbursal

Looking For Car Loan ?

  • Lowest EMI
  • Best interest rates
  • Multiple bank options
  • Fast process
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EMI Calculator

0 10,00,000
8 % 18 %
Time Period (in Years)
EMI per month:
18,465*
Loan Amount9,00,000
Total Interest Payable2,07,893
Total Payment11,07,893

Cars Question And Answers

  • The down payment and emi for a Tata Harrier are based upon a number of factors, including the ex-showroom pricing of the variant you select, your city, the required loan amount, the interest rate that the bank or finance company offers, and the loan

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    91Wheels Expert
    91Wheels Expert30 days ago
    Helpful(2)Reply
  • The down payment and emi for a Hyundai Grand i10 Nios are based upon a number of factors, including the ex-showroom pricing of the variant you select, your city, the required loan amount, the interest rate that the bank or finance company offers, and

    Read more
    91Wheels Expert
    91Wheels Expert30 days ago
    Helpful(1)Reply
  • The down payment and emi for a Tata Punch are based upon a number of factors, including the ex-showroom pricing of the variant you select, your city, the required loan amount, the interest rate that the bank or finance company offers, and the loan te

    Read more
    91Wheels Expert
    91Wheels Expert30 days ago
    Helpful(0)Reply
  • Down Payment And Emi Depend On Several Factors: Loan Amount (Based On The Chosen Variant And Battery Pack). Interest Rate Offered By Your Chosen Bank Or Financial Institution. Loan Term (Usually Ranges From 12 To 84 Months).

    91Wheels Expert
    91Wheels Expert2 month ago
    Helpful(4)Reply
  • The Downpayment And Emi Depend On The Loan Provider, Loan Term, On-Road Price Of The Variant, And Individual Credit Scores. Contact Your Chosen Bank Or Dealership For Specific Calculations.

    91Wheels Expert
    91Wheels Expert2 month ago
    Helpful(1)Reply
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Car Loan FAQs

Is there a specific credit score requirement to qualify for a Car Loan?
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