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Disclaimer: Best Home Loan is a loan facilitation platform and does not lend money directly. Loans are sanctioned at the sole discretion of our partner banks / NBFCs. Interest rates shown are indicative and may vary based on your profile.

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HomeCar Loan
Car Loan

Car Loan at 8.75%* p.a. with up to 100% on-road funding

  • New & used car loans
  • Up to 100% on-road price financing
  • Quick approval at your dealership

Interest from

8.75% p.a.

Loan up to

100% on-road price

Tenure

1 – 8 years

Apply for Car Loan

Step 1 of 2
+91

Your data is 100% safe & secure. No impact on credit score.

Interest RatesFeaturesEMI CalculatorEligibility & DocumentsFees & ChargesFAQs

Car Loan at a Glance

FeatureDetails
Interest Rate8.75% – 16% p.a.
Loan AmountUp to 100% of on-road price
Tenure12 – 96 months
Processing FeeUp to 2% of loan amount
Used Car LoanAvailable
Minimum CIBIL Score700+ preferred

Car Loan Interest Rates

Compare offers from our lending partners. Rates are indicative and depend on your profile.

LenderInterest RateLoan AmountTenureProcessing Fee
Axis Bank9.30% onwardsUp to 100% on-roadUp to 7 yearsUp to 1%Apply
HDFC Bank9.40% onwardsUp to 100% on-roadUp to 7 yearsUp to ₹10,000Apply

Key Features & Benefits

High Funding

Finance up to 100% of on-road price on select models.

New & Used Cars

Loans available for both new and pre-owned cars.

Long Tenure

Lower EMIs with tenure up to 8 years.

Fast Processing

Approval in as little as 24 hours.

Car Loan EMI Calculator

Use the sliders to see your monthly EMI and total interest.

Loan Amount₹8,00,000
50,00050,00,000
Interest Rate (p.a.)9%
530
Loan Tenure5 Years
18

Your Monthly EMI

₹16,607

Principal₹8,00,000
Total Interest₹1,96,401
Total Payable₹9,96,401
Apply Now

Eligibility Criteria

  • Age between 21 and 65 years
  • Minimum annual income of ₹3 Lakh
  • Salaried or self-employed
  • Good credit score (700+)

Documents Required

  • PAN, Aadhaar and address proof
  • Salary slips / ITR
  • Last 6 months bank statement
  • Car quotation / proforma invoice

Fees & Charges

ParticularsCharges
Processing FeeUp to 2% of loan amount
ForeclosureUp to 5% of outstanding principal
Late EMI Payment2% per month on overdue amount

How to Apply for Car Loan via Best Home Loan

  1. 1

    Fill a short form with your name, mobile number and loan requirement.

  2. 2

    Our loan expert calls you and compares offers from multiple banks & NBFCs.

  3. 3

    Choose the best offer and submit documents online.

  4. 4

    Get approval and money credited directly to your bank account.

Car Loan — FAQs

Can I get a car loan for a used car?

Yes, many banks and NBFCs offer used car loans, usually for cars up to 8–10 years old at the end of tenure.

Is a down payment required?

Some lenders offer 100% on-road funding for select models; otherwise a 10–20% down payment is common.

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