New Car Loan

Find Loan Products We Offers. New Car Loan

About New Car Loan

A new car loan is a great way to drive your dream car without making the complete payment upfront. You don’t need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement.

 

Compare Your New Car Loan

Our Associated Banks - New Car Loan

HDFC Bank

HDFC Bank

9.00%

Interest Rate Range

0.40% Max Rs. 10,000

Processing Fee

Upto 100% of ex-showroom price

Loan Amount **

Upto 7 years

Tenure

Andhra Bank

Andhra Bank

9.25%

Interest Rate Range

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

Axis Bank

Axis Bank

9.25%

Interest Rate Range

Processing Fee

Upto 90% of ex-showroom price

Loan Amount **

Upto 8 years

Tenure

PNB

PNB

8.75%

Interest Rate Range

1.00% Max Rs. 6,000

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

Bank of India

Bank Of India

9.10%

Interest Rate Range

1.00% Min Rs. 500

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

Indian Bank

Indian Bank

9.50%

Interest Rate Range

0.22% Max Rs. 10,191

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

United Bank of India

United Bank Of India

9.05%

Interest Rate Range

0.59% Min Rs. 500 Max Rs. 10,000

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

SBI

SBI

9.20%

Interest Rate Range

0.51% Min Rs. 1,020 Max Rs. 10,200

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

IndusInd Bank

Indusland Bank

10.65%

Interest Rate Range

1.00% Min Rs. 2,500

Processing Fee

Upto 85% of ex-showroom price

Loan Amount **

Upto 5 years

Tenure

Union Bank

Union Bank

8.95%

Interest Rate Range

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

IDBI

IDBI Bank

8.90%

Interest Rate Range

Processing Fee

Upto 90% of ex-showroom price

Loan Amount **

Upto 7 years

Tenure

Bank Maharashtra

Bank Of Maharashtra

9.00%

Interest Rate Range

0.25% Min Rs. 1,000 Max Rs. 15,000

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

Bank of Baroda​

Bank Of Baroda

8.75%

Interest Rate Range

0.75% Max Rs. 10,000

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

ICICI Bank

ICICI Bank

10.75%

Interest Rate Range

Min Rs. 2,500 Max Rs. 5,000

Processing Fee

Upto 100% of ex-showroom price

Loan Amount **

Upto 7 years

Tenure

Kotak

Kotak

11.50%

Interest Rate Range

Processing Fee

Upto 90% of ex-showroom price

Loan Amount **

Upto 5 years

Tenure

OBC

OBC

9.05%

Interest Rate Range

0.50% Min Rs. 500

Processing Fee

Upto 85% of on-road price

Loan Amount **

Upto 7 years

Tenure

Central Bank

Central Bank

8.90%

Interest Rate Range

0.50% Min Rs. 2,000 Max Rs. 20,000

Processing Fee

Upto 90% of on-road price

Loan Amount **

Upto 7 years

Tenure

Federal Bank

Federal Bank

9.15%

Interest Rate Range

Processing Fee

Upto 90% of ex-showroom price

Loan Amount **

Upto 7 years

Tenure

Corporation Bank

Corporation Bank

9.50%

Interest Rate Range

1.00% Min Rs. 1,000

Processing Fee

Upto 85% of ex-showroom price

Loan Amount **

Upto 7 years

Tenure

About Car Loan

A car loan is a great way to drive your dream car without making the complete payment upfront. You don’t need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement.

Get financing for whatever you need now

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

New Car Loan

Borrow-Loan Company offers new car loan at fair interest rates and adjustable repayment terms.Fast sanction, personalised service and absolute transparency in new car loans.

Loan Against Car

With no income documents required, getting a loan couldn’t get any easier. Borrow-Loan Company offers you car loan at basic interest rates and flexible EMI for repayment.

Other Loan

Borrow-Loan Company also grant different loans like Home loan, Personal loan and Educate loan at fair rate of interest and flexible EMI. For more detail you can check our loan products.

Features of Car Loan

All loans are not created equal, New Car loan has become a great option for people to use.

Cash Loan Facility

Special Preapproved Loan

No Varifactions

150% Funding on Loan

Car Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a New Car loan.

Age

Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

We Value what our customers say

While we endeavour to deliver a rich and satisfying brand experience to all our customers, we believe in listening to what they say, so as to better our products and service. Read what a few of our customers say about Brand loanmrt.com

Testimonials

"I was with a construction company for eight years. In 2004, I left my job and started subcontracting with a few friends. Three years later, I decided to expand. So I took up a commercial vehicle loan from loanmrt.com to buy a vehicle for transportation and marketing purposes. Soon, my partnership firm began to grow since I could visit more clients and serve them better. In 2009, I started my own company and needed to buy another vehicle. Considering our good rapport, I decided to stick to loanmrt.com for yet another commercial vehicle loan. Few years ago, I was just an ordinary employee. Today, my company, Sranathi Engineering Services, is a family of over 200 motivated individuals. I now intend to expand into construction services and move up to becoming a contractor from a sub-contractor. All thanks to friends and organisations like loanmrt.com who showed faith in my potential and helped me along my journey."
Amit Narayan
Hyderabad
"I used to be a taxi driver in Mumbai for six years. But a dire need of money forced me to leave my motherland and migrate to Saudi Arabia to earn a living. I worked there as a private car driver and did well monetarily. But for me, money couldn't replace the joy of working in my own motherland. Five years later, I decided to return home. With my savings of Rs. 1 lakh, I started a business dealing in scraps in Hyderabad. But then, things didn't go too well and I lost all my money in the business. My confidence took a big hit and I was back to where I was – being an ordinary taxi driver. But somewhere in my heart, I always believed that those who try can never fail. From whatever I earned as a taxi driver, I managed to save Rs. 30,000. Using that, I took up a three-wheeler loan from loanmrt.com to buy an Alfa Load. And thanks to them, I am a proud owner of a vehicle. Since then, my earnings have considerably increased and so has my respect in the society. Today, I feel much more confident about myself and I am now looking forward to buying a second vehicle as soon as the loan for the first one is over. I am grateful to loanmrt.com for helping me 'Rise' in my own country."
Pratap Chandra
Auto Driver
"I just wanted to let you know that the auto loan I applied for via your website loanmrt.com was a SUCCESS. The loanmrt.com team contacted me in less than 48 hours! I can honestly say, this was the best car buying experience I have ever had."
Sanjay Kumar
Delhi
"I just wanted to thank you for the outstanding service I received with your organization loanmrt.com . I was treated with the utmost respect regardless of my past bad credit history. All in all, my car buying experience proved to be exactly what you described in your website."
Parminder singh
Cab Driver , Delhi
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