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Low Interest Rate | Fast Approval Growth| Up to 100% Financing 

Flexible Repayment Options|  Maximum Loan Amount |Minimal Documentation| Doorstep Assistance 

What is a Vehicle Loan?

A Vehicle Loan is a financing solution that helps you purchase a new or pre-owned car, two-wheeler, or commercial vehicle. The loan is repaid in EMIs over a flexible tenure with attractive interest rates. You don’t have to worry about paying the entire vehicle cost upfront—LoanSetu India covers up to 100% of the on-road price.

Whether it’s a sleek new car, a dependable bike, or a powerful commercial vehicle—LoanSetu India is here to fuel your journey with easy and affordable Vehicle Loans. With our wide network of 35+ trusted banks and NBFCs, we bring you the best loan offers to match your budget, lifestyle, and repayment ability.

Vehicle Loan Features

Loan Amount

₹50,000 to ₹1 Crore

Interest Rate

Starting @ 8.5% p.a.

Loan Tenure

Up to 7 Years

Financing

Up to 100% for select vehicles

Approval Time

As quick as 24–48 hours

Used Vehicle Loans

Available for eligible cars and bikes

Prepayment/Foreclosure

Option available with minimal charges

 

We Provide

Vehicle Loan For

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New Car Loan

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Used Car Loan

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Two -Wheeler

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Commercial Vehicle

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Heavy Duty

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    Frequently Asked Questions

    What is a vehicle loan?

    A vehicle loan is a type of financing that helps you purchase a new or used car, two-wheeler, or commercial vehicle. You borrow a specific amount and repay it through monthly EMIs over a fixed tenure.

    How much loan amount can I get?

    Loan amounts range from ₹50,000 to ₹1 Crore, depending on the vehicle type, your eligibility, and the lender's policies.

    What is the interest rate for vehicle loans?

    Interest rates typically start from 8.5% per annum and vary based on the applicant’s profile, loan amount, vehicle type, and the lender.

    Can I apply for a vehicle loan if I’m self-employed?

    Yes! Both salaried and self-employed individuals are eligible to apply. You just need to provide the relevant documents (like ITRs or business proof).

    Can I prepay or foreclose my vehicle loan early?

    Yes, most lenders allow part-prepayment or full foreclosure of the loan. Some may charge a small fee, depending on the terms.

    What types of vehicles can I finance through LoanSetu India?

    You can get financing for: New Cars Used/Pre-owned Cars Two-Wheelers (bikes/scooters) Commercial Vehicles like trucks, vans, or tempos

    Can I get 100% financing on a vehicle loan?

    Once documents are submitted and verified, loans are typically disbursed within 3 to 7 working days. .

    How long can I take to repay the vehicle loan?

    Loan tenures can go up to 7 years, giving you flexibility to choose an EMI amount that fits your monthly budget.

    What documents are required for a vehicle loan?

    For most applicants, the basic documents include: PAN & Aadhaar card Bank statements (last 6–12 months) Salary slips or ITRs Vehicle quotation or invoice Our advisors will help you with everything.

    Why should I apply for a vehicle loan through LoanSetu India?

    Access to 35+ banks and NBFCs Lowest interest rates and customized offers Doorstep documentation assistance Fast approvals within 24–48 hours 100% transparent and trusted process

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