Family car
A new or pre-owned car for daily use, school runs and travel.
Drive your dream today
Vehicle Loan
For the car the family has been waiting for — and for the vehicle that earns its own instalment.
Overview
We finance two categories of vehicle, and they are genuinely different products. A personal car is a lifestyle purchase repaid from your salary or business income. A commercial vehicle is a business asset that should generate the money that repays it. We appraise each on its own terms.
On the personal side we fund new cars and pre-owned vehicles within our age and condition norms, along with two and three wheelers. On the commercial side we fund goods carriers, passenger vehicles and other income-generating vehicles, where the appraisal looks at the route, the contract or the trade the vehicle will serve.
The vehicle is hypothecated to us for the duration of the loan and comprehensive insurance must be maintained throughout. Both are ordinary conditions for vehicle finance, and both protect you as much as us if something goes wrong on the road.
New and pre-owned
Finance a brand new vehicle or a used one within our age and valuation norms.
Commercial vehicle finance
Goods and passenger vehicles appraised on the income the vehicle will earn.
Quick approval
A compact process so you are not the reason the booking or the contract falls through.
Flexible tenure
Match the repayment period to the working life and earning pattern of the vehicle.
Common uses
What members use this loan for
Commercial vehicle
A goods carrier, tempo or passenger vehicle bought to generate income.
Two & three wheelers
Affordable finance for the vehicle that gets you to work or carries your goods.
Before you apply
Eligibility & documents
Final eligibility is always confirmed after appraisal, as per prevailing Government norms.
Who can apply
- Indian resident, generally 21 years or above at application
- Valid driving licence, where the applicant will drive the vehicle
- Regular income from salary, business or the vehicle's own operation
- For commercial vehicles, evidence of route, contract or trade
- Satisfactory repayment record on existing borrowings
Documents to keep ready
- Aadhaar and PAN
- Recent passport size photograph
- Address proof and driving licence
- Bank statement for the last 6 to 12 months
- Income proof — salary slips, ITR or business records
- Vehicle quotation or proforma invoice, for a new vehicle
- RC book, insurance and valuation, for a pre-owned vehicle
- Permit and fitness documents, for commercial vehicles
Plan your instalment
Estimate your EMI
The sliders start at a typical figure for this product. Move them to match your own plan.
₹10,000₹1 Cr
6%26%
6 months20 years
Monthly EMI
₹0
Principal₹0
Total interest₹0
Total payable₹0
Instalments0 months
Indicative only. Rates shown are illustrative and are not an offer. Your actual rate, fees and eligibility are confirmed at sanction as per Government norms.
Apply with these figures
Questions
Vehicle Loan — frequently asked
Do you finance vehicles bought from a private seller?
Yes, subject to valuation, verification of the RC and a clean transfer of ownership. The vehicle must be within our permitted age range.
How much margin do I need to pay myself?
A margin contribution is required and varies with the vehicle type, its age and your profile. The exact figure is confirmed at sanction.
Is insurance compulsory?
Yes. Comprehensive insurance must be in force for the full tenure. If a financed vehicle is damaged and uninsured, the borrower carries the entire loss.
When do I get the RC without hypothecation?
On full repayment we issue a no-objection certificate, which you submit to the RTO to have the hypothecation removed from the registration certificate.
Ready to apply for your vehicle loan?
Send us your details and a member of our team will call you back to confirm eligibility and the exact documents you need.