Drive Home Your Dream Car with KreditMudra Car Loans
Ready to hit the road in your dream car? KreditMudra offers flexible and affordable car loans designed to make your car buying experience seamless and enjoyable. With competitive interest rates and quick processing, owning a car has never been easier.
Interest rate
8.70% p.a. onwards
Loan amount
Up to 100% of on-road price
Tenure
Up to 7 years
Car Loans: every variant
Select a product to see how it works and how we help you secure it.
New Car Loan
Are you looking to buy your dream car but worried about loan eligibility, tenure, and interest rates? At KreditMudra, we believe in keeping things simple. We provide guidance to procure a new car loan safely and securely.
KreditMudra offers loans from top lenders with low interest rates and higher tenure. You can get up to 100% of the on-road price of your dream car with flexible repayment options, allowing you to plan your budget effectively.
We assist you in checking eligibility, comparing interest rates, and providing expert guidance throughout the entire process, including the application, documentation, and final disbursement.
Key highlights
Funding for new and used cars
Lower interest rates
Higher loan amount
Higher repayment tenure
Prepayment and foreclosure options
Best interest offers from multiple lenders
Eligibility criteria
Salaried or self-employed applicants aged 21–65
Minimum monthly income as prescribed by the lender
At least 1 year in the current job or business
Valid driving licence and address proof
Healthy repayment history on existing obligations
Documents required
PAN, Aadhaar and passport-size photographs
Last 3 months' salary slips or 2 years' ITR
Last 6 months' bank statements
Proforma invoice from the dealer, or valuation for a used car
Valid driving licence
Criteria and documentation vary between lenders. We confirm the exact requirement for your chosen lender before you submit anything.
Estimate your Car loan EMI
Adjust the amount, rate and tenure to see what the repayment would look like.
Your monthly EMI
₹24,912
- Principal₹25 L
- Total interest₹19.84 L
- Total payable₹44.84 L
Indicative only. Your actual EMI depends on the lender's final approved rate, processing fees and insurance.
Get offers at this amountCar Loans: common questions
Selected lenders offer zero-down-payment schemes covering the ex-showroom price, road tax, registration and insurance, usually for salaried applicants with a strong credit profile buying a mainstream model. Most standard sanctions fund 80–90%.
The vehicle's age and valuation drive everything: rates run 2–5% higher than for a new car, tenure is capped so the vehicle is not older than 8–10 years at maturity, and funding is typically 70–85% of the valuation, not the asking price.
It finances vehicles registered for commercial passenger or goods use (such as taxis, buses, tempos, and delivery vans) which carry yellow number plates. Underwriting looks at your permit, route viability and transport business income rather than salary.
For a salaried applicant with complete documents, sanction often comes within 24–72 hours and disbursement is made directly to the dealer shortly after.
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