Interest Rates Starting 7.5%
Drive Home Your Dream Car with INDCred Car Loans
INDCred Car Loans make your dream of owning a car a reality with easy financing options. Whether you're buying a new car, a pre-owned vehicle, or an electric car, we offer competitive interest rates, 100% on-road funding, and flexible repayment options tailored to your budget.
With interest rates starting at just 7.5% for new cars, loan amounts up to ₹3 crores, and tenures up to 7 years, we provide one of the most comprehensive car financing solutions in India. Our pre-approved loans let you walk into any showroom with confidence.
Types of Car Loans Available
New Car Loan
Finance for brand new cars from authorized dealers
- Loan: Up to 100% on-road price
- Tenure: 1-7 years
- Interest: 7.5% - 9.5%
- Processing: 0.5% - 1%
Used Car Loan
Finance for pre-owned cars up to 5 years old
- Loan: Up to 80% of valuation
- Tenure: 1-5 years
- Interest: 8.5% - 12%
- Max Age: 5 years
Electric Vehicle Loan
Special rates for electric cars and vehicles
- Loan: Up to 100% funding
- Tenure: 1-8 years
- Interest: 7% - 8.5%
- Green Bonus: Lower rates
Key Features & Benefits
Why Choose INDCred Car Loan?
- 100% Funding: Cover on-road price including registration & insurance
- Competitive Rates: Interest rates starting at 7.5% for new cars
- Quick Processing: Loan approval within 4 hours
- Pre-approved Offer: Get sanction letter before car selection
- Flexible Tenure: Repayment period from 1 to 7 years
- Low Processing Fee: Only 0.5% to 1% of loan amount
- Balance Transfer: Transfer existing car loan at lower rates
- Top-up Loan: Additional funds on existing car loan
Eligibility Criteria
For Salaried Individuals
- Age: 21-60 years
- Minimum Net Monthly Income: ₹25,000
- Work Experience: At least 1 year
- CIBIL Score: 650 and above
For Self-Employed
- Age: 21-65 years
- Minimum Annual Income: ₹3 lakhs
- Business Continuity: 2+ years
- ITR Filing: Last 2 years
Car Loan Specifications
| Parameter | New Car | Used Car | Electric Vehicle |
|---|---|---|---|
| Maximum Loan Amount | Up to ₹3 Crores | Up to ₹75 Lakhs | Up to ₹3 Crores |
| Maximum Funding | 100% of on-road price | 80% of valuation | 100% of on-road price |
| Repayment Tenure | Up to 7 years | Up to 5 years | Up to 8 years |
| Interest Rate | 7.5% - 9.5% | 8.5% - 12% | 7% - 8.5% |
| Processing Fee | 0.5% - 1% | 1% - 1.5% | 0.5% - 1% |
Simple Application Process
step 01
Get Pre-approved
Apply online and get pre-approved loan amount in 4 hours with sanction letter.
step 02
Select Your Car
Choose your car from any authorized dealer with our pre-approved loan letter.
step 03
Documentation & Disbursal
Submit final documents and get funds disbursed directly to the dealer.
Frequently Asked Questions
For new cars: Up to ₹3 crores or 100% of the on-road price. For used cars: Up to ₹75 lakhs or 80% of the car's valuation, whichever is lower.
We provide pre-approved car loans within 4 hours of application. You'll receive a sanction letter that you can show at any car showroom.
KYC documents (PAN, Aadhaar), income proof (salary slips/bank statements), address proof, passport photos, car quotation, and driving license.
Yes, we finance used cars up to 5 years old. Loan amount up to 80% of car valuation with tenure up to 5 years.
No prepayment penalty after 12 months. You can foreclose your car loan after 1 year without any additional charges.
Yes, we offer special lower interest rates (starting at 7%) for electric vehicles with longer tenure up to 8 years to promote green mobility.
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