Car Loan Assistance
MoneyCashe helps customers understand eligibility, documentation and lender process for car loan enquiries. We do not guarantee approval; final decision, rate, amount and charges depend on lender policy and verification.
Common Documents
- PAN and Aadhaar
- Address proof
- Bank statements
- Income proof or ITR
- Loan-specific documents as required by lender
How MoneyCashe Helps
- Profile discussion
- Document checklist
- Eligible lender coordination
- Clear guidance on rates, fees and process
Car Loan – Key Details
Indicative figures for reference. Actual interest rate, loan amount, tenure and charges depend on lender policy, your profile and document verification.
| Parameter | Details |
|---|---|
| Interest Rate | 8.50% – 14% p.a. (indicative) |
| Loan Amount | Up to 90% of on-road price (new car) |
| Tenure | 12 – 84 months (up to 7 years) |
| Processing Fee | Flat fee or 0.5% – 1% of loan amount |
| Age Criteria | 21 – 65 yrs |
| CIBIL Score | 700+ preferred for best rates |
Eligibility Criteria
Salaried Applicants
- Stable income with minimum required employment tenure
- Salary credited through a bank account
- Valid KYC and address proof
Self-Employed Applicants
- Stable business income supported by ITR
- Business vintage as per lender norms
- Regular bank statement activity
Key Benefits
New & Used Cars
Funding available for both new and pre-owned/used cars.
Low Down Payment
Minimal down payment options for eligible profiles.
Fast Disbursal
Quick approval with disbursal directly to the dealer.
Doorstep Assistance
Documentation support through MoneyCashe's DSA network.
Application Process
Car Loan – FAQs
Can I get a car loan for a used/second-hand car?
▼Yes, many lenders offer used car loans, typically for a percentage of the vehicle's assessed value, subject to the car's age and condition.
What is the maximum tenure for a car loan?
▼Car loan tenure can go up to 7 years (84 months) with select lenders, subject to eligibility and lender policy.
Is a down payment mandatory for a car loan?
▼Most lenders require a minimum down payment, though some offer higher funding percentages for strong profiles, reducing the down payment needed.
Do I need to submit income proof for a car loan?
▼Yes, salaried applicants generally submit salary slips/bank statements, and self-employed applicants submit ITR and bank statements.
Can the car be repossessed if I miss EMI payments?
▼The vehicle is hypothecated to the lender until the loan is repaid; continued default as per the loan agreement may lead to repossession as per the lender's policy and applicable law.
Need Car Loan Support?
Submit your enquiry and our team will assist you.
Apply Now