A new private car loan is a type of financing specifically for purchasing a new vehicle.
A new commercial car loan is designed specifically for businesses looking to purchase new vehicles for commercial use.
Discover why our Loan Against Property is the right choice for your financial needs.
Experience instant eligibility checks and fast approval with minimal paperwork.
Avail up to 70% of your property's value at attractive interest rates.
Choose from repayment periods up to 15 years to suit your comfort.
Get funds credited to your account within 48 hours of approval.
Minimal documentation required
Competitive interest rates starting from 16%
Flexible repayment tenure up to 4 years
No prepayment charges
100% digital process
Age: 21-52 years
Business Turnover: ₹5000000/anum
Business Vintage: 2+ years
Good credit score (650+)
Interest Rate
16% - 24%
Max Amount
₹ 70 Lakhs
Tenure
12 - 48months
Processing Fee
2% of loan amount
A new private car loan is a financing option specifically for purchasing a new vehicle. Here’s a concise overview:
Designed to help you buy a new car, covering the full purchase price or a portion of it.
Typically secured by the vehicle, which means the car itself acts as collateral, usually resulting in lower interest rates.
Rates vary based on your credit score, loan term, and lender, with new car loans often offering competitive rates.
A new commercial car loan is designed specifically for businesses looking to purchase new vehicles for commercial use. Here’s what you need to know:
These loans are intended for acquiring vehicles such as vans, trucks, or other commercial vehicles needed for business operations.
Most commercial car loans are secured, meaning the vehicle itself serves as collateral. This helps lower interest rates.
Rates may vary based on your creditworthiness, the lender, and the type of vehicle. Commercial loans often have competitive rates.
Read on to know the criteria required to apply for our New Loan.
Fulfill your financial needs with our new car loan policies, designed to make vehicle ownership easy and accessible.
Experience fast disbursal of loans with our streamlined application process. We prioritize quick approvals, ensuring you receive your funds in a matter of hours.
Enjoy the benefits of flexible tenure with our loan options, allowing you to choose a repayment period that suits your financial situation.
Our financial advisors are dedicated to providing personalized guidance tailored to your unique financial goals.
Stay protected with our comprehensive financial solutions designed to safeguard your assets and investments.
| Monthly Income | Borrower Shoul be Earning Minimum Rs 20,000 |
|---|---|
| Interest-Rate | 9.05% Starting |
| CIBIL Requirement | 700 Or High |
| Residence Stay Duration | The Duration of stay in the rasidence of appliocan ahoud be more then 1 year to get Car Loan easily. |
| Employment | Applican should be Salared Employee Or A Self-Employeed Individual |
Read on to know the criteria required to apply for our New Car Loan.
The list of documents to be submitted varies based on type of Desegnation. Submit the following documents to begin with the loan process:
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IQfin gave me the best car loan rate after comparing multiple banks. Their representative explained everything clearly and made the paperwork hassle-free. The customer service follow-up was impressive even after loan approval.
My experience was good overall. The loan approval took a little longer than expected, but the team kept me updated throughout. Got a fair interest rate and smooth EMI setup. Would definitely recommend IQfin for car loans.
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