Drive your dream car with minimal paperwork
Finance new and pre-owned vehicles with fast approvals, competitive rates, and flexible tenure options — designed for salaried professionals and self-employed borrowers alike.
Your dream vehicle, within reach today
Car Loans help you finance vehicle purchases through structured repayment options — covering new cars, pre-owned vehicles, SUVs, sedans, and hatchbacks. Suitable for salaried employees, self-employed professionals, and business owners.
Through Pragati's network of 50+ banks and NBFCs, we compare rates, negotiate LTV ratios, and ensure you drive away with the best possible financing — not just the first offer you see at the showroom.
Key features of our car loans
Finance brand-new showroom vehicles or certified pre-owned cars — with competitive rates for both categories.
Choose repayment from 24 to 84 months — pick a tenure that keeps your monthly EMI comfortable within your budget.
Fast processing with minimal documentation — most approvals completed within 3 to 5 business days.
Loans from ₹2 Lakhs to ₹25 Lakhs covering up to 90% of the on-road price of your vehicle.
Simple paperwork — just KYC, income proof, and vehicle invoice. We handle the rest with the lender.
Compare car loan offers across major banks and NBFCs — getting you the lowest rate and best LTV available.
Special financing for electric vehicles with green loan rates and government subsidy assistance where applicable.
Full fee disclosure before signing. Processing fee, foreclosure terms, and all charges explained upfront.
New car or used car — we've got both
Finance any new vehicle from authorized dealerships across India. Get up to 90% of on-road price financed at the lowest interest rates — typically 8–10% p.a. Fast processing with manufacturer tie-up benefits.
Buy a certified pre-owned vehicle with structured financing. Loans available for cars up to 10 years old. Slightly higher rates than new car loans — we compare across lenders to minimize the difference for you.
Special EV financing with preferential interest rates and FAME II subsidy coordination. Go green with lower EMIs — both central and state government incentives applied wherever applicable.
How to apply for a car loan
Tell us the car model, variant, approximate on-road price, and how much you want to borrow. We assess your profile and shortlist the best lenders within hours.
We review your income, employment stability, CIBIL score, and existing obligations to determine your loan eligibility and the best rate you qualify for.
We collect and organize your KYC, income documents, and vehicle proforma invoice. Our team reviews everything before submission to eliminate rejections.
We submit to the best-matched lender and follow up on processing. Once approved, you receive your sanction letter within 3–5 business days.
Loan amount is disbursed directly to the car dealer. You pay just the down payment — and drive away in your new vehicle the same day.
Are you eligible?
- Indian citizen aged 25 to 60 years
- Salaried employee, self-employed professional, or business owner
- Minimum monthly income of ₹25,000
- CIBIL score of 680 or above recommended
- Minimum 1 year current employment or 2 years business stability
- Valid driving licence required at disbursement
- PAN Card + Aadhaar Card (KYC)
- Last 3 months salary slips (salaried) or ITR (self-employed)
- Bank statements for last 6 months
- Address proof (utility bill, passport, or rent agreement)
- Vehicle proforma invoice from dealer
- Valid driving licence
- Passport size photographs
- Employment letter or business registration (if applicable)
Interest rates & charges
Car loan rates depend on the vehicle type (new/used/EV), loan amount, tenure, and your credit profile. New car loans attract the most competitive rates.
Plan your repayments easily
* EMI is indicative only. Actual EMI may vary based on lender, vehicle type, and credit profile. Contact us for an accurate quote tailored to your vehicle.
Frequently asked questions
