Vehicle Loan (Car)
Car loans for new and pre-owned vehicles with high loan-to-value, used-car valuation, and RC transfer support. Compare offers and drive away faster.
Why choose this loan
Key Benefits
New & used cars
Finance any four-wheeler.
Up to 90% LTV
High loan-to-value funding.
Used-car valuation
Fair valuation for pre-owned cars.
RC transfer support
We assist with ownership transfer.
Eligibility Criteria
Who can apply
- Age between 21 and 65 years
- Minimum monthly income of ₹20,000
- CIBIL score of 680 or above (we also help lower scores)
- Salaried, self-employed & business owners eligible
- Resident of India with valid KYC
Documentation
Required Documents
- PAN Card *
- Aadhaar Card *
- Passport-size Photograph *
- Income Proof *
- RC (for used car) (if applicable)
- Insurance Copy *
- Dealer Quotation / Invoice (if applicable)
Check Your Eligibility
Get an instant estimate of how much you can borrow.
Prefer to talk to an expert?
Our loan advisors will assess your profile, compare lenders, and get you the best vehicle loan (car) offer.
Plan your repayment
EMI Calculator
Your Monthly EMI
₹1,19,605
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Bank & NBFC Comparison
| Lender | Interest Rate | Processing Fee | Max Tenure | |
|---|---|---|---|---|
Tata Capital NBFC | 8.75% – 11.25% | 1% onwards | 7 yrs | Lowest EMI |
Aditya Birla Finance NBFC | 9.1% – 11.6% | 1% onwards | 7 yrs | Fast approval |
HDFC Bank BANK | 9.45% – 11.95% | 1% onwards | 7 yrs | |
ICICI Bank BANK | 9.8% – 12.3% | 1% onwards | 7 yrs |
Rates are indicative and subject to lender approval. MIMA negotiates the best available offer for you.
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FAQs
Everything you need to know about Vehicle Loan (Car).
Apply for your Vehicle Loan (Car) today
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