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NEW CARS

NEWS & REVIEWS

COMPARE CARS

CAR LOANS

Drive Home Your Dream Car!

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New Car Loan

now

Easy.

Flexible.

Effortless.

Affordable.

Easy.

Flexible.

Effortless.

Affordable.

Lowest Interest

7.45%

On-Road Funding

100%

Loan Starts at

1 Lakh

Get Best Loan Offer On a New Car

Your Mobile Number*

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and

Terms & Conditions.

Drive Home Your Dream Car!

Please provide details to get started.

Why Choose Us?

Buying a car in India should be exciting—not complicated. At CarLelo, we make car financing simple, fast, and transparent, so you can focus on choosing the perfect car while we take care of the loan process.

CarLelo, powered by Capri Loans, enables car buyers across India to check car loan eligibility online and apply in just a few clicks. Compare loan offers from 14 leading banks, including HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, and more, and choose the option that works best for you.

We help you find the right car loan with ease. Get up to 100% financing, competitive car loan interest rates, and quick approvals for new vehicles—all in one place.

Features & Benefits

Easy & Simple Process

Minimum Documentation

Best Rate of Interest

End to End Support

EMI Calculator

Thinking about buying a new car? Our easy-to-use car loan EMI calculator instantly gives the monthly EMI you would be required to pay based on the loan amount, the loan term and interest rate.

Loan Amount

₹

1 Lakh

1 Cr

Tenure (Months)

Interest Rate (Per Annum)

17.5%

₹

1,29,495

EMI PER MONTH

Principal Loan Amount

₹

50,00,000

Interest Amount

₹

12,15,754

Payable Amount

₹

62,15,754

Get Best Loan Offer On a New Car

Your Mobile Number*

By proceeding, you agree to Carlelo

and

Terms & Conditions.

New Car Loan Eligibility

*Final eligibility and documentation are subjected to the lender and your credit score

Salaried

Individuals

Individual credit profile.
Individual applying for a loan should be minimum of 25 years and maximum of 65 years at the time of submitting the application.
ITR should be a minimum 30 percent of the loan amount.
Constant source of income.

Self Employed

Individuals

Company credit profile.
Individual applying for a loan should be minimum of 25 years and maximum of 65 years at the time of submitting the application.
ITR should be a minimum 35-40 percent of the loan amount.

Salaried

Individuals

Individual credit profile.
Individual applying for a loan should be minimum of 25 years and maximum of 65 years at the time of submitting the application.
ITR should be a minimum 30 percent of the loan amount.
Constant source of income.

Self Employed

Individuals

Company credit profile.
Individual applying for a loan should be minimum of 25 years and maximum of 65 years at the time of submitting the application.
ITR should be a minimum 35-40 percent of the loan amount.

*Final eligibility and documentation are subjected to the lender and your credit score

New Car Loan Documents

*Final list is subjected to the lender you apply with and your credit profile.

Salaried

Individuals

KYC
Salary slip (Minimum 3-months)
Salary bank account statement (minimum 6-months)
Previous loan track (if available) and photograph
ITR with Computation (minimum 2 years)
Form 16 (minimum 2 years)

Self Employed

Individuals

KYC/ GST
Signature verification proof
Business bank account statement (minimum 6-months)
Previous loan track (if available) and photograph
Set of financials

Salaried

Individuals

KYC
Salary slip (Minimum 3-months)
Salary bank account statement (minimum 6-months)
Previous loan track (if available) and photograph
ITR with Computation (minimum 2 years)
Form 16 (minimum 2 years)

Self Employed

Individuals

KYC/ GST
Signature verification proof
Business bank account statement (minimum 6-months)
Previous loan track (if available) and photograph
Set of financials

*Final list is subjected to the lender you apply with and your credit profile.

Loan Processed

₹

7,206Cr

Satisfied Customer

7,23,646

Channel Partners

12,000+

Citywide Presence

1,000+

FAQs

You can avail a new car loan up to 100% of the on-road price of the vehicle. The loan amount approval depends on the lender, customer employment type, and CIBIL score.

CarLelo provides transparent and hassle-free car loan deals for its customers. We also strive to offer the best rate of interest through our tie-ups with PSUs, Private Banks, and NBFCs. Our team guides you at every step from documentation to disbursal while you enjoy in the comfort of your home.

Customers need to have a minimum of 600+ score on their CIBIL score to avail a good interest rate on a new car loan. In addition, they also need to have no delinquent history to be eligible for a new car loan.

The interest rate on a new car loan can vary depending on multiple factors including the lender, the loan tenure, the loan amount, and the borrower's credit score. One can avail a car loan via CarLelo at interest rates as low as 7.45%. Auto loans through CarLelo dose not charge any proccessing fee the charges are subjected to bank offering.

A car loan tenure ranges from 1 year to 8 years, depending on the car model. For ICE (Internal Combustion Engine) powered cars, the loan tenure is up to 7 years. The loan tenure increases to 8 years for electric vehicles or EVs. Shorter tenures (0-2 years) attract a higher rate of interest, while longer tenures (3-7 years) offer the best returns.