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Car Loan

About Car Loan

Apply for a car loan online and get instant approval in no time. At Loanzbazar, we have a solution for everything.

Owning a vehicle is a dream for many. Isn't it? However, the cost of living can be pretty high in various cases. Therefore, at Loanzbazar we help you get the best rate for managing your loans.

Take car loans at an affordable rate with the best and lowest interest rates. We help you get the amount credited in no time.

Loan Amount

25,000

25,00,000

Rate of interest

11.00%

36%

Loan Tenure

6 Months

72 Months

Calculated EMI*

Get Instant Loan Approval in No Time!

With technology moving at a fast pace, our life is changing and so are the car models. There are new versions for cars and variants each day. It can often be difficult to resist the temptation of getting an efficient car.

We help to upgrade the technology. With newer car models available in the market each day, we help you bring the best solutions with instant car loan approval in no time. The Loanzbazar car loans are aimed to help you upgrade to the car of your choice at the lowest interest rate possible.

Check Loan Eligibility at loanbazar

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Why take a home loan from Loanzbazar?

We understand the ever-changing needs of taking a loan. Do you want to apply for a car loan? Connect with us.

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Instant approval & disbursal

At Loanzbazar, we are bringing fast and efficient solutions with easy approval. Get the loan approved in 24-36 hours.

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Flexible Repayment Option

We have flexible repayment options for your loan. Switch to the EMI of your choice with faster disbursal.

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Higher Loan Amount

Depending on your eligibility and credit checks, you get the benefit of a higher loan amount ranging from 50,000 INR to 10,00,000 INR.

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Longer Loan Tenure

The tenure for paying back the loan is pretty high. We allow you to make repayments against your loan from 6 to 60 months to make EMIs affordable for you.

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Minimal document

Applying for a car loan from Loanzbazar means you need to apply for the loan with minimal documents possible.

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Complete transparency

We help to maintain transparency of your documents. At Loanzbazar customize your loan as per your preference. There are no hidden charges.

Documents to Apply for a Car Loan

When applying for a Car loan, you will need to submit the following documents:
  1. PAN Card
  2. Identity proof (Aadhaar Card, Driving licence, Passport, Voter ID, etc.)
  3. Signature Proof (Passport, PAN card, etc.)
  4. Address proof (Passport copy, Aadhaar card, driving licence, utility bill – gas or electricity bill, Voter ID ,ration card, rent agreement, etc.)
  5. Bank statements of the past 6 months
As a salaried individual, you additionally need to submit the following:
  • As a salaried individual, you additionally need to submit the following:
  • Income Tax Returns for the last 2 years
  • Business proof (License, registration certificate, GST number)
  • IT Assessment OR Clearance Certificate
  • Income Tax Challans OR TDS Certificate (Form 16A) OR Form 26 AS for income declared in ITR
Please note that depending on your individual profile and Fullerton India’s policy at the time of loan application, additional documents may be requested.

Loanbazar Car Loan Eligibility

  • You must be a Salaried Employee
  • Age: 23-55 years old
  • Net Monthly Income must be more than Rs. 20,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai,Mumbai or Hyderabad.

What does a car loan cover?

At Loanzbazar, we have car loans for all preferences. Whether you want to upgrade your car, or fix it, Loanzbazar will help to cover it all for you. Some of the prominent things that the car loans at Loanzbazar will cover include the following:

  • Car renovation
  • Car purchase

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Car Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.

How to apply

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

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Via Website

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Via Our App

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Via WhatsApp

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Via Call

Compare car loans at Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore.

We have car loans in different cities of India. These include Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore. If you are in any of these cities, you can apply for the car loans efficiently.

Bank Name Rate of Interest for Salaried Employee
HDFC Bank 10.99% - 17.85%
Axis Bank 11.99% to 24%
ICICI Bank 10.99% - 17.85%
Standard Chartered Bank 11% - 16%
IndusInd Bank 14% - 16%
Kotak Bank 11.50% - 24.00%
Bajaj Finance 14.25% - 16.75%
HDB Finance 14% - 21%
Fullerton Finance 13.00% - 24.00%
State Bank of India 11.00% - 17.65%
IDFC Bank 10.99% - 17.85%
IDFC Bank 10.99% - 17.85%
Tata Capital 13.50% - 18%
Yes Bank 12.50% - 16.00%

FAQs

Car loans help you get a lump sum amount as an advance amount on your find depending on your interest. You can pay the advance amount taken in terms of EMIs.

The application procedure for car loan is given on the sections above. Read it through.

The eligibility criteria for car loan is given on the sections above. Scroll above to know more.

No. There are no hidden and extra charges on the car loan interest rates. At Loanzbazar we maintain complete transparency.

If you are stuck in the process of applying for a business loan for your business, our professionals at Loanzbazar will guide you.