NEW CAR LOAN

Simple. Flexible. Transparent.

Get best offers from multiple lenders to buy the dream car you always wanted!

Features and Benefits

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Attractive car loan interest rates

Comparable EMIs with multiple offers.

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Flexible Loan Tenure

Flexible Loan repayment tenure that can be negotiated.

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Multiple loan Offers

Multiple financers providing multiple offers leading to a range of options for the customer.

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Transparent Process

All the terms & conditions are shown upfront and the customer is informed at each step of the process.

New Car Loan Eligibility

You are eligible to avail a car loan if you meet the below criteria

For Salaried Individuals
  • Individuals who are at least 21 years old at the time of loan application and no older than 60 at the conclusion of the loan term.
  • Individuals who have worked for at least two years, including at least one year with their present employer.
  • Those with an annual income of at least ₹3,00,000 including the income of their spouse or co-applicant.
For self employed individuals
  • Individuals who are at least 21 years old at the time of application and no older than 65 at the conclusion of the loan term are eligible.
  • Those who have been in operation for at least two years
  • Individual should earn at least ₹ 3,00,000 per annum

Documents required for car loan

  • KYC documents (Valid Photo ID Proofs)
  • PAN Card
  • Last 2 years ITR as proof of income
  • Salary Slip (latest 3 months)
  • Salary account statement(latest 6 months)
  • Signature Verification Proof
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Avail loan in 4 simple steps

1

Check Eligibility

Fill your details on your platform

2

Choose Your Loan Offer

Choose from available offers

3

Upload Documents

Verify your identity

4

Leave The Rest To Us

Loan disbursal process initiated

Lending Partners

Frequently Asked Questions

There are multiple ways through which you can get a new car loan. The most hassle free method is to apply online. You can click on apply loan below to start applying and fill basic information to check your loan offers.

From one bank to the next, the maximum loan amount that can be approved differs. Banks may provide loan amounts ranging from 80% to 90% of the car's on-road cost. A few banks lend the entire sum of the car's ex-showroom price.

The process that Rupyy follows is transparent and digital. You can check multiple offers (if applicable). We also provide you the option to negotiate certain factors like loan repayment tenure.

In the case of a fixed rate car loan, the interest rate stays the same throughout the term of the loan. It is not influenced by market conditions. The relevant interest rate on a variable rate car loan changes on a regular basis, based on the lender's decision.

Yes, in case of most lenders, the rate of interest is negotiable if one has a good credit score, have been regular with your previous payments or a loyal customer of the vendor.