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Why pick this loan through BazaarBraker?

  • 100% on-road financing available for new cars from select lenders
  • Used-car loans up to 7 years vehicle age, 85% of valuation
  • Two-wheeler loans starting at ₹15,000 — perfect for first-time buyers
  • Special rates for women, government employees, and corporate tie-ups
  • No requirement to bundle insurance with the loan — get it where it's cheapest

Who's eligible?

Each lender sets its own criteria — these are the typical baselines. We'll match you only with lenders whose rules you actually meet.

  • Salaried: minimum monthly income of ₹20,000
  • Self-employed: ITR for the last 2 years
  • Age between 21 and 65 years
  • CIBIL score of 700+ for the best rates
  • Indian resident with a valid driving licence

What you'll need.

Standard documents. Upload once. We share them only with the lender you choose to apply to.

  • PAN, Aadhaar, and address proof
  • Latest 3 months of salary slips (or ITR for self-employed)
  • Latest 6 months of bank statements
  • Driving licence and Form 60 (if applicable)
  • Vehicle proforma invoice from the dealer
Live rates

Indicative rates from our partners.

Rates as of 2025. Your final offer depends on the lender's assessment of your profile.

LenderInterest rateProcessing feeMax tenure
SBI8.85% – 10.90%₹1,500 flat84 months
HDFC Bank8.95% – 13.50%Up to 1.00%84 months
ICICI Bank9.10% – 13.00%Up to 1.00%84 months
Axis Bank9.05% – 14.00%Up to 1.00%84 months
Kotak Mahindra9.20% – 14.50%Up to 1.50%60 months
Mahindra Finance9.50% – 16.00%Up to 1.50%60 months
Tata Capital9.40% – 14.00%Up to 1.50%60 months

* Rates are indicative and subject to change without notice. Final rate depends on credit score, income, and lender's policy.

FAQ

Things people ask.

Quick answers to the questions that come up most often.

A few lenders do offer 100% on-road financing, but only for select car models and only to applicants with very strong credit profiles. More commonly, you'll finance the ex-showroom price (85-95%) and pay RTO and insurance from your pocket.
Yes, slightly. Used-car loans usually carry rates 1.5-3 percentage points higher than new-car loans, because the vehicle depreciates faster as collateral. The LTV is also lower.
No, never. Lenders sometimes pressure you to bundle motor insurance with the loan, but you have the right to buy insurance from any provider. Compare independently and you'll usually find a better deal.
Most lenders allow part-prepayment after 6 EMIs without charge. Full foreclosure may attract a fee of 3-5% of the outstanding principal. The exact terms are in your sanction letter.
When you take an auto loan, the lender places a "hypothecation" on the RC book — meaning the vehicle is collateral. Once the loan is fully paid, the lender issues an NOC and you visit the RTO to remove the hypothecation. We'll walk you through it.

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