Finance Your New & Used Car

Explore the best Car Loans from top banks to bring your dream ride home.

Quick Loan Approval

Quick

Loan

Approval

Instant Rate

Interest Rate

7.70% p.a*

No hidden charges

No

Hidden

Charges

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Car Loan Application

Fill out the details, and we’ll find the best loan options for you.

New home loan application

Apply For Your Car Loan In Seconds!

Loan Easy Apply

Car Loan Features & Benefits

Enjoy flexible and structured financing for new or used cars through expert car loan consultation.

Regulated by RERA-Final

Flexible Loan Options

Finance up to 90% of the car’s on-road value effortlessly.

Low interest rate

Low Interest Rates

The interest rates for these car loans start from as low as 7.70% per annum.

Quick loan disbursement

Quick Processing

Fast document verification and approvals by leading banks.

Pre-Owned Vehicle Support

Pre-Owned Vehicle Support

Apply for both new and used car purchases.

Repayment terms

Refinancing Available

Refinance your existing car loan to reduce EMIs and improve terms.

Long Repayment Tenure

Long Repayment Tenure

Flexible loan tenure up to 7 years to manage your repayments.

Essential Documents

Document Type Indian Resident Non-Resident Indian (NRI)
Identity proof

Identity Proof

PAN, Aadhaar, Passport, Voter ID

Passport with VISA, OCI/PIO Card

age proof final

Age Proof

Aadhaar, PAN, Passport, 10th Marksheet

Aadhaar, PAN, Passport, 10th Marksheet, Employer Certificate

Address proof

Address Proof

Utility Bills, Bank Passbook, Ration Card

Government-issued overseas address proof

Business proof

Income Proof (Salaried)

Payslips, Form 16, ITRs

Salary Slips, Overseas Account Bank Statements

Income proof

Income Proof (Self)

ITRs, Balance Sheet, Business Registration

ITRs, CA-Certified Financials

car detail

Car Details

Proforma Invoice or RC Book

Proforma Invoice or RC Book

Loan Offers Available

100+

Loan Offers Available

Years Of Loan Expertise

5+

Years Of Experience

No extra charges

0%

Extra Charges

Lenders Compared

30+

Banks Associated

Easy Car Loan Application Process

01

Check Your Eligibility

Share your details to view suitable offers from top banks and NBFCs.

02

Compare Loan Options

Discuss & review interest rates and benefits with expert car loan advisors.

03

Upload Required Documents

Submit KYC, income proof, and vehicle information securely.

04

Get Loan Approval

Get your sanction letter upon completion of lender evaluation.

05

Sign The Agreement

Confirm the terms and complete loan formalities.

06

Loan Disbursement

Funds will be transferred directly to the dealer or your account.

Car Loan EMI Calculator

Get A Quick Estimate Of Your Car Loan Monthly Instalments!

Loan Amount

₹

₹5,00,000

₹5,00,00,000

Rate of Interest

%

7% p.a.

15% p.a.

Loan Duration

1 Year

30 Years

12 Months

360 Months

*For representation purpose only. Final values may vary subject to bank’s policy.

Monthly EMI

₹ *

Total Amount Payable

₹ *

Total Interest Payable

₹ *

Test Your Car Loan Knowledge

1. What is the maximum loan tenure for a car loan?
bank employees

What Our Clients Say

Read heartfelt testimonials showcasing how our car loans have provided financial freedom with fast approvals, flexible terms, and outstanding service.

BankEMI helped me compare lenders and lock in the best interest rate for my first car loan. Super easy process!

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Tanmay Aneja

Chair Manufacturer

From paperwork to approval, everything was handled smoothly. Got my dream SUV without any stress.

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Varun Batra

Stock Broker

Thanks to BankEMI for my new Porche, I didn’t have to visit multiple banks. The car loan process was fully sorted in one go.

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Rachit Sinha

Grafitti Artist

BankEMI made financing my new car feel effortless. Their support team was helpful and quick to respond.

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Devika Rao

Housewife

I was confused about car loan options, but BankEMI gave me clarity and got me a great deal.

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Tushar Malhotra

Boxing Coach

Understanding Car Loans

Get expert insights and personalised car loan consultation to help you own your dream car.

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Explore Car Loans With BankEMI

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Educate Yourself & Your Wallet

Stay informed with expert tips, industry trends, and guides for smarter financial decisions.

Frequently Asked Questions

Everything you need to know before applying for a car loan with a facilitator.

Bank EMI simplifies your car loan journey by offering a comprehensive comparison of top lenders, helping you secure competitive interest rates starting from 7.70% p.a., and ensuring a seamless application process—all tailored to your unique financial profile.

Interest rates vary among lenders. Some banks offer rates as low as 9.5% per annum, especially to existing customers. It's essential to compare rates to find the most affordable option.

Fixed rates keep your repayments the same each month, offering stability. Variable rates can change over time, which may be risky or rewarding, depending on market trends.

Some banks impose prepayment or foreclosure charges if you repay the loan early. Prefer lenders that charge minimal or no fees for early repayment, allowing flexibility if you decide to clear the debt ahead of schedule.

Balance your EMI and loan tenure to avoid financial strain. Opting for higher EMIs can shorten the tenure and reduce interest, but ensure it doesn't pressure your daily budget. Avoid excessively long tenures, which increase total interest payable.

Typically, you'll need KYC documents (identity, address, and age proof), bank statements, income proof (like salary slips or IT returns), business or employment stability proof, and partnership deeds if applicable. Having these ready can expedite the loan approval process.

Don't let lack of funds stop you from riding your favourite car!

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