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New Car Loan

now

Easy.
Flexible.
Effortless.
Affordable.

Secure top offers from trusted lenders and drive your dream car today!

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Loan Processed

Loan Processed

7,206Cr

Satisfied Customer

Satisfied Customer

7,23,646

Channel Partners

Channel Partners

12,000+

Citywide Presence

Citywide Presence

1,000+

Looking for a Car Loan?

Enter Your Details To Start Finance Process

By proceeding, you agree with all the Capri Loans

CarLoans Banner
Confirm it's you
Enter the code sent to
Change Number

By proceeding, you agree to our

Terms And Conditions.

New Car Loan Eligibility
Loan Eligibility

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
Loan Eligibility

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.

EMI Calculator

0.50Cr1.25Cr2.00Cr2.75Cr3.50Cr4.25Cr5.00Cr
12243648607284

%

8.0%9.0%10.0%11.0%12.0%13.0%14.0%

5,74,132

EMI PER MONTH

EMI Calc

Principal Loan Amount

2,50,00,000

Interest Amount

71,51,365

Payable Amount

3,21,51,365

Features & Benefits

Feature

Easy & Simple Process

Feature

Minimum Documentation

Feature

Best Rate of Interest

Feature

End to End Support

FAQs

You can avail a new car loan up to 90 percent 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+ points 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 8.70 percent. Auto loans through CarLelo carry a nominal processing fee with no pre-closure charges.
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.
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