At WiseLoan we make your dream car a reality with our lowest interest rates on Car Loan.
Easy process and get your loan sanctioned online without any hassle.
Don't just think apply online now.
| Lender | Interest Rate | Loan Amount |
| HDFC BANK | 13.75% to 16% | Upto 160% of the car value |
| Axis Bank | 14.5% to 17% | Upto 160% of the car value |
| IDFC First Bank | Starts from 15% | Upto 200% of the car value |
| Kotak Prime | Starts from 16% | Upto 150% of the car value |
| ICICI Bank | 14.25% to 18% | Upto 160% of the car value |
| Tata Capital | 15.50% to 17% | Upto 160% of the car value |
| Bajaj Finserv | 14.25% to 18% | Upto 175% of the car value |
| Hero Fincorp | 16% to 19% | Upto 160% of the car value |
| Mahindra Finance | 18% to 23% | Upto 50% of the car value |
You are eligible to avail a loan against your car if you meet the below criteria:
| Salaried Individuals | Self Employed Individuals |
| Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure. | Individuals who are a minimum of 25 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure. |
| Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer. | Individuals who have been in business for minimum 3 years. |
| Those who earn a minimum of ₹ 2,50,000 per year, including the income of the spouse. | Those who earn a minimum of ₹2,50,000 per year. |
| Individuals who own a car and have paid at least 12 EMIs if there is an active loan on their car. | Individuals who own a car and have paid at least 12 EMIs if there is an active loan on their car. |
| *Final eligibility is subject to your profile and credit score. | |
You need to submit the following documents for processing your application:
| Salaried Individuals | Self Employed Individuals |
| KYC documents | KYC documents |
| PAN Card | PAN Card |
| Salary Slip (latest 3 months) | Last 2 years ITR as proof of income |
| Salary account statement (latest 6 months) | Salary account statement (latest 6 months) |
| Registration Certificate of the car | Registration Certificate of the car |
| Loan track (if there is an active loan on the car) | Loan track (if there is an active loan on the car) |
| Signature Verification Proof | Signature Verification Proof |
| *Final list of required documents is subject to the lender you apply in and your profile. | |