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Vehicle Loan

10% p.a. ₹50,000 - ₹1,000,000 | 1 - 7 Years

Important Vehicle Loan Information

Please review the loan terms, repayment period and representative cost before applying.

Loan Amount

₹50,000 – ₹1,000,000

Subject to lender eligibility and approval.

Maximum Annual Percentage Rate (APR)

Up to 10% APR

Actual APR may vary based on the lending partner and applicant profile.

Repayment Period

1 – 7 Years

Final tenure depends on lender approval and eligibility.

Processing Fee

₹0 Platform Fee

Any lender charges, if applicable, are disclosed before acceptance.

Representative Example

The following is a representative illustration based on the loan terms displayed on this page.

Loan Amount

₹50,000

Annual Percentage Rate (APR)

10.00%

Repayment Period

1 Year

Estimated Monthly Payment

₹4,395.79

Total Interest

₹2,749.53

Processing Fee

₹0.00

Total Cost of Representative Loan

₹52,749.53

This representative example is illustrative. Actual APR, EMI, tenure, fees and total repayment may vary according to the lending partner's assessment and the applicant's eligibility.

Important Disclaimer

Vehicle Loan applications are subject to the lending partner's eligibility, verification, credit assessment and approval process. LoanWala facilitates loan enquiries and does not guarantee approval or disbursement. Final loan amount, APR, repayment period, EMI, fees and other applicable terms are determined by the respective lending partner and are disclosed before acceptance of the loan.

About This Loan

Drive your dream car or bike home with our Vehicle Loan. New or used, car or commercial vehicle — we finance up to 100% on-road price at a flat 10% interest rate.

Key Features

Up to 100% on-road price financing (new vehicles)
Used car loans up to 80% of valuation
New & used both covered
Car, bike, and commercial vehicles
Quick disbursal within 24-48 hours
Hypothecation removed after full repayment
Zero foreclosure charges after 6 months
Insurance bundled options available

Eligibility Criteria

Age: 21 to 65 years
Minimum income: ₹15,000/month
Employment: Minimum 1 year
CIBIL Score: 650+
For used car: Vehicle not older than 7 years
Valid driving license required
No major loan defaults

Required Documents

1 Aadhaar & PAN Card
2 Salary Slips (last 3 months) / ITR
3 Bank Statement (last 6 months)
4 Proforma Invoice from Dealer
5 Driving License
6 Address Proof
7 For used car: RC copy, Insurance, Valuation report
8 Photographs

What Can You Use It For?

New CarUsed CarNew Bike/ScooterUsed BikeCommercial VehicleTruck/TempoTractorAuto-Rickshaw

Calculate Your EMI

Your Monthly EMI

₹4,249

Loan Amount ₹2,00,000
₹50,000 ₹1,000,000
Tenure 1 Years
1 Yr 7 Yr
Total Interest ₹54,960
Total Payment ₹2,54,960
Apply for Vehicle Loan →
Free Apply No Charges 24hr Approval

Quick Info

Interest Rate 10% p.a.
Processing Fee ₹0 (Nil)
Prepayment Penalty None
Approval Time 24 Hours
Collateral Not Required

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