Car Loans / Vehicle Loans – Drive Your Dream with ZestLoans
At ZestLoans.in, we make owning your dream car easier than ever. Whether you’re planning to buy a brand-new car or a pre-owned vehicle, our trusted bank partners offer fast, flexible, and affordable car loan options designed to suit your financial needs.
Why Choose ZestLoans for Your Car Loan?
- Multiple Bank Options: Compare car loan offers from top banks and NBFCs in one place.
- Quick Approvals: Get instant eligibility checks and same-day loan approvals.
- Low Interest Rates: Enjoy attractive interest rates with flexible repayment options.
- Minimal Documentation: Simple, hassle-free process with digital submission of documents.
- New & Used Cars: Finance available for both new and pre-owned vehicles.
Car Loan Eligibility
- Age: 21 to 60 years (for salaried) or up to 65 years (for self-employed).
- Income: Minimum monthly income as per lender policy.
- Employment: Salaried, self-employed, or business owners.
- Credit Score: A good CIBIL score (700+) improves your chances of approval.
Documents Required
- KYC proof (PAN, Aadhaar, Passport, etc.)
- Income proof (salary slips, ITR, or bank statements)
- Vehicle quotation or proforma invoice
- Address proof and recent photographs
How It Works
- Apply Online: Fill out a simple car loan form at ZestLoans
- Compare Offers: Choose the best offer from multiple lenders.
- Get Approval: Quick verification and same-day approval.
- Drive Away: Funds disbursed directly to the dealer or seller — your dream car is ready!
Benefits of Applying Through ZestLoans
- 100% online process
- No hidden charges
- Expert assistance at every step
- Partnerships with top banks & NBFCs
Own Your Car with Confidence
Whether it’s your first car or an upgrade, ZestLoans.in helps you find the perfect loan — faster, smarter, and easier. Apply today and hit the road in style!
Car Loan / Vehicle Loan FAQs
- What is a car loan or vehicle loan?
A car or vehicle loan is a type of secured loan that helps you purchase a new or used car, bike, or commercial vehicle. The vehicle itself acts as collateral for the loan. - Who can apply for a car loan?
Salaried individuals, self-employed professionals, and business owners with a stable income and good credit history can apply for a car loan. - What documents are required to apply for a car loan?
Typically, you’ll need:
- Identity proof (PAN, Aadhaar, Passport, etc.)
- Address proof
- Income proof (Salary slips, ITR, or bank statements)
- Vehicle quotation or invoice
- What is the minimum and maximum loan amount I can get?
Loan amounts vary by lender but can range from ₹1 lakh to ₹50 lakh or even higher, depending on the vehicle and your eligibility. - How long is the repayment tenure for a car loan?
Repayment tenure usually ranges from 1 to 7 years, depending on the loan type and lender’s policy. - What is the interest rate for car loans in India?
Interest rates typically range from 8% to 14% per annum, depending on your credit score, income, and lender’s terms. - Can I get 100% financing for my vehicle?
Some lenders offer up to 100% on-road price financing, while others may require a small down payment. It depends on your profile and the vehicle cost. - Is a guarantor required for a car loan?
Generally, a guarantor isn’t required unless your credit score or income documents are insufficient. - Can I prepay or foreclose my car loan?
Yes, most banks and NBFCs allow prepayment or foreclosure, but a small fee (1–5% of the remaining balance) may apply. - What happens if I miss an EMI payment?
Missing EMIs can lead to late payment charges and may negatively impact your credit score. Continuous defaults could lead to vehicle repossession. - Can I get a car loan for a used vehicle?
Yes, many lenders offer used car loans with slightly higher interest rates than new car loans. - How long does it take to get a car loan approved?
Once you submit all documents, most lenders process the loan within 24 to 48 hours. - What is the difference between a new car loan and a used car loan?
A new car loan is for brand-new vehicles and offers lower interest rates, while a used car loan applies to pre-owned cars and has slightly higher rates. - Can I apply for a car loan online?
Yes, you can easily apply online through loan aggregators like ZestLoans.in, compare offers, and choose the best lender.
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