CarWale

    Car Loan-EMI, Compare Interest Rates for Auto Loans-CarWale

    Get instant car loan eligibility with upto 100% financing from leading banks at best Interest Rates, EMI for your new car and used car purchase. CarWale brings car finance at your fingertips with attractive bank offers for your dream car.

    Car Loan Details

    New Car Interest Rate

    8% Onwards

    New Car Loan Tenure

    1 to 7 years

    Used Car Interest Rate

    12.5% Onwards

    Used Car Loan Tenure

    1 to 4 years

    Processing Fees

    Varies with bank

    Collateral/Security Requirement

    None

    Interest rates applicable on monthly reducing balance.

    How does this work?

    Fill in your details once

    Fill in your details once

    Looking for a Car Loan?

    CarWale makes applying for a car loan online quick and simple. All you need to do is furnish some details on the website and submit your application. Once this is done, the bank automatically takes over and you have your loan quotes ready.

    • NEW CAR
    • USED CAR
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    Our Lending Partners

    Axis Bank

    Axis Bank

    Cholamandalam Finance

    Cholamandalam Finance

    HDB Financial Services

    HDB Financial Services

    ICICI Bank

    ICICI Bank

    Yes Bank

    Yes Bank

    Interest rate Comparison

    Bank Name

    Car Loan Interest Rate

    ICICI Bank

    9% p.a. onwards

    Yes Bank

    9.75% p.a. onwards

    Feature and Benefits

    Loan upto 100% of On-Road Price

    Loan upto 100% of On-Road Price

    Car Loan EMI Calculator

    EMIs make your loan repayment much easier and a peaceful process but a car loan EMI is somewhat capable of making a dent in your monthly budget. Therefore, you need to calculate the EMI amount ahead of time to ensure that you can actually afford to take a loan for the desired amount. Our user-friendly CarWale car loan EMI calculator instantly provides you with the monthly amount you would be required to pay based on the loan amount, term and interest rate provided by you.

    Loan amount : Rs. 7,00,000
    Rs. 1,00,000
    Rs. 50,00,000

    Tenure

    5 Years

    Interest

    10%

    Rs. 14,872

    EMI For 5 Years


    Interest Rates shown are indicative and will vary as per your credit score across different lenders.

    Total Interest Payable

    Rs. 1,92,320

    Principal Loan Amount

    Rs. 7,00,000

    Total Amount Payable

    Rs. 8,92,320

    This doesn’t include bank processing fee.

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    FAQs

    • Why should you apply for car loan through CarWale?

      CarWale brings you instant custom-fit car loans from leading banks in India to help you get a loan to purchase your dream car. Just fill the form once and get custom fit loan quotes with upto 100% financing on select vehicles, flexible repayment tenure and pocket-friendly EMIs from our finance partners. In case you have not finalized on a car, we also assist you in finding a car that suits your needs perfectly.

    • What is the maximum loan amount that I can avail for new car loan?

    • What will be the interest rate for car Loan on CarWale?

    • What is the tenure for which I can get a new car loan?

    • What is car loan EMI? How is this calculated?

    • What is the eligibility criteria to apply for new car loan on CarWale?

    View More FAQs