Vehicle Loan
Easy financing for two-wheelers, cars and commercial vehicles. Compare offers from our RBI-regulated bank & NBFC partners — free, with a dedicated advisor.
What is a Vehicle Loan?
A vehicle loan finances the purchase of a new or used two-wheeler, car, or commercial vehicle, with the vehicle itself hypothecated to the lender until the loan is fully repaid. New-vehicle loans typically offer higher funding percentages and lower rates than used-vehicle financing.
LTV / collateral: Up to 90% — on-road funding for new vehicles.
Why take it through Kredistar
- Financing for two-wheelers, cars and commercial vehicles
- Quick sanction with flexible EMI options
- Competitive rates from our bank partner network
- Minimal paperwork, fast turnaround
- One application compared across our bank & NBFC panel — zero fee to you
Types of Vehicle Loan
Up to 90% on-road funding for a brand-new car.
Financing for pre-owned vehicles, usually at a slightly higher rate and lower LTV.
Fast, small-ticket financing for scooters and motorcycles.
For trucks, vans, and vehicles used for business or logistics.
Eligibility
- Salaried or self-employed, 21–65 years
- Minimum monthly income ₹20,000
- Valid driving license
- Good CIBIL score preferred
Documents
- PAN card and Aadhaar card
- Income proof — salary slips or ITR
- Bank statements — last 3 months
- Vehicle quotation/proforma invoice
Do’s
- Compare the on-road funding percentage, not just the interest rate
- Check for hidden costs like bundled insurance and processing fees
- Maintain timely EMI payments — the RC stays hypothecated until closure
- Negotiate the on-road price with the dealer independent of loan financing
- Get the hypothecation removed from your RC promptly after full repayment
Don’ts
- Don’t skip comparing lenders — dealer-recommended financing isn’t always cheapest
- Don’t ignore how your tenure choice affects resale value
- Don’t finance 100% of an old used vehicle — you may end up owing more than it’s worth
- Don’t forget to check foreclosure charges if you plan to prepay
- Don’t drive without valid insurance — comprehensive cover is required throughout the tenure
Estimate your Vehicle EMI
Indicative calculation on a reducing-balance basis. Excludes processing fee, GST and other lender charges.
Vehicle Loan — common questions
Can I get a loan for a used car?
What is hypothecation?
Can I prepay my vehicle loan?
Do I need a guarantor?
Is insurance mandatory?
Our banking & NBFC partners
Loans are sanctioned and disbursed by these RBI-regulated lenders. Kredistar is their sourcing partner (DSA) — compare them and apply in one place.
Indicative starting rates published by lenders (Oct 2026) — your rate depends on your profile. Names and logos are trademarks of their respective owners, shown only to identify our lending partners.
Other loans you can compare
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