Missing an EMI leads to:
Late payment charges
Negative impact on your credit score
Risk of vehicle repossession (if repeatedly missed)
Trusted Car Loan Experts in India
Drive Home Your Dream Car with Easy Financing
India Leading Car Loan Service With Trusted Compliance Professionals
FinFlickTax helps you get the best car loan offers from top banks and NBFCs—whether it’s for a new vehicle or a used one. We simplify the loan process with quick approvals, low interest rates, and end-to-end support.
From paperwork to disbursal, we make your car ownership journey smooth and stress-free.
Thousands have financed their car purchase faster with FinFlickTax’s expert assistance.
Overview on Car Loan In India
At FinFlickTax, We Believe in Being Prepared At Finflicktax, we simplify the process of owning your dream vehicle by helping you access the most competitive car loan options in India. A car loan allows you to purchase a vehicle without paying the full amount upfront — instead, you repay the loan in affordable monthly EMIs over a fixed tenure. Car loans in India typically cover up to 90%–100% of the vehicle’s on-road price, depending on your credit profile, income level, and the lender’s policies. Interest rates usually start from 7% per annum, with flexible repayment periods ranging from 12 to 84 months. Whether you’re buying a new car, a used vehicle, or even an electric vehicle, Finflicktax can help you compare offers from leading banks and NBFCs to find the best deal for your needs.
Purchasing a vehicle is a major financial decision, and for most individuals in India, opting for a car loan is the most practical way to finance it. A car loan allows you to buy a new or pre-owned vehicle while repaying the amount over time in affordable EMIs (Equated Monthly Installments). With rising aspirations and increasing affordability, car loans have become one of the most availed retail banking products in India.
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Whether you’re a salaried employee, self-employed professional, or business owner, Finflicktax ensures a smooth, transparent, and hassle-free car loan experience, helping you hit the road faster and smarter. With our financial guidance, owning a car has never been more accessible or affordable.
Who Needs a Car Loan?
A car loan is ideal for anyone who wants to own a vehicle without paying the full cost upfront. In India, with rising vehicle prices and growing aspirations, a car loan provides a practical and affordable way to finance your dream car.
Salaried Employees
Doctors, lawyers, and professionals prefer car loans to buy vehicles, allowing them to preserve business funds while enjoying flexible repayment.
Self-Employed
Small business owners often need vehicles for travel, or team mobility. A car loan enables them to purchase commercial vehicles with ease.
Business Owners
Small business owners often need vehicles for, travel, or team mobility. A car loan lets them buy commercial vehicles with greater flexibility.
First-Time Buyers
Young earners and fresh graduates often turn to car loans for their first vehicle. Instead of waiting to save a lump sum, they pay affordable EMIs.
People Upgrading to a Car
Many use car loans to upgrade to better models like SUVs. low-interest rates, upgrading becomes easy without causing financial strain.
Electric Vehicles
Car loans are ideal for those buying used or pre-owned vehicles. With special schemes for green mobility, low EMIs.
Eligibility For Car Loan In India
✅ Age: 21 to 65 years at loan maturity
✅ Employment: Salaried or self-employed individuals
✅ Income: Monthly income of ₹15,000–₹25,000 or more
✅ Credit Score: Minimum CIBIL score of 650 (higher is better)
✅ Residence Stability: At least 1 year at current address credit
✅ Work Experience:
▸ Salaried: Minimum 1 year of job history
▸ Self-Employed: 2+ years of business continuity
✅ Documents: Valid KYC, income proof, bank statements, car invoice
✅ Citizenship: Must be a resident Indian citizen
Need For Help
- Don’t worry if the car loan process seems complicated. Finflicktax is here to guide you.
Find out exactly which documents and eligibility criteria apply to your case.
Get expert help to prepare your application and choose the best lender.
Apply for your car loan online with complete support — fast, easy, and hassle-free.
Process of Car Loan
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How to Download Car Loan Certificate
➤ Visit Bank Branch
Visit your loan-providing branch
Ask for a Loan Statement or Interest Certificate
Carry valid ID proof
➤ Call Customer Care
Share loan number & registered mobile number
Request for e-mailed certificate
➤ Email Request
Write an email to the bank’s customer support with your loan details and request the certificate.
Frequently Asked Questions on Car Loan(FAQ)
What is a car loan?
A car loan is a secured loan provided by banks or financial institutions to help individuals purchase a new or used car. The car itself acts as collateral until the loan is fully repaid.
Who can apply for a car loan in India?
Anyone who meets the basic eligibility criteria can apply:
Indian resident (salaried, self-employed, or business owner)
Age: 21 to 65 years
Minimum monthly income (varies by lender)
Good credit score
What documents are required to apply for a car loan?
Identity Proof (Aadhaar, PAN, Voter ID, etc.)
Address Proof (utility bills, Aadhaar, Passport)
Income Proof (salary slips, bank statements, ITR)
Vehicle proforma invoice
Passport-size photographs
What is the maximum loan amount I can get?
Most banks offer up to:
85% to 100% of the on-road price of the car
Some lenders also offer zero down payment loans
What is the typical car loan tenure in India?
Loan tenure ranges from 12 to 84 months (1 to 7 years), depending on your repayment capacity and bank policy.
What is the current interest rate for car loans?
Car loan interest rates typically range from 7% to 14% p.a., based on:
Your credit score
Loan amount
Vehicle type (new or used)
Income level
Bank policies
Can I get a car loan for a used car?
Yes, most banks and NBFCs offer car loans for pre-owned or used vehicles, usually at slightly higher interest rates and shorter tenures.
Is a down payment mandatory for a car loan?
Yes, most banks require a down payment between 10% to 25% of the car’s price. However, some offer 100% finance for select car models.
Can I prepay or foreclose a car loan?
Yes. Most lenders allow prepayment or foreclosure, but some may charge a prepayment penalty (usually 2% to 5% of outstanding loan).
What happens if I miss an EMI?
Trusted by Entrepreneurs for Fast & Reliable Car Loans Services
Karan Mehta
Impresses for Car Loans Services
Jaipur, Rajasthan
“I got my car loan approved within just a few days, thanks to Finflick Tax. Their team explained everything clearly and handled all the paperwork smoothly.”
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Best Online Services For Car Loan
Hyderabad, Telangana
“Finflick Tax made my car loan process super easy. From documentation to approval, everything was handled professionally. Highly satisfied!”
Rajan Shukla
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Indore, Madhya Pradesh
“I was struggling with loan options until I contacted Finflick. They guided me to the best car loan deal and ensured quick disbursal.”