A Car Loan is a convenient financial solution designed to help individuals purchase a new or used vehicle without immediate full payment. It allows borrowers to own a car while repaying the loan in affordable monthly installments over a flexible tenure.
Car loans are offered by banks and NBFCs at competitive interest rates, with options available for new cars, used cars, and electric vehicles. The vehicle itself generally serves as collateral, enabling lower interest rates compared to unsecured loans.
At Vidhi Consultancy, we provide expert car loan advisory by evaluating eligibility, credit profile, and budget to identify the most suitable lender and loan structure. We assist clients in securing attractive interest rates, flexible repayment terms, and a smooth, hassle-free approval process.
A well-structured car loan ensures convenience, financial comfort, and smarter vehicle ownership.
A car loan offers a convenient and structured way to purchase a vehicle while maintaining financial flexibility. Key benefits include:
A car loan enables you to own a new or used vehicle without making a full upfront payment, allowing you to preserve savings.
Since the vehicle acts as collateral, car loans are generally offered at lower interest rates compared to unsecured loans.
Borrowers can choose repayment tenures ranging from 12 to 84 months, based on budget and financial comfort.
With minimal documentation and streamlined processing, car loans are approved quickly, ensuring timely vehicle purchase.
Lenders offer financing of up to 85–100% of the vehicle’s on-road price, reducing initial cash outflow.
Car loans typically come with fixed monthly installments, enabling effective budgeting and financial planning.
If the vehicle is used for business purposes, interest and depreciation may be claimed as tax benefits, as per applicable tax laws.
Regular and timely EMI payments help improve credit history and overall creditworthiness.
At Vidhi Consultancy, we assist clients in selecting the right car loan solution by securing competitive rates, flexible terms, and a seamless loan experience.
Car loan eligibility is evaluated based on the applicant’s income stability, credit profile, and repayment capacity. While criteria may vary across banks and NBFCs, the following parameters are generally considered:
At Vidhi Consultancy, we assess eligibility accurately and recommend the most suitable car loan options to ensure affordability, competitive rates, and smooth approvals.
To ensure a smooth and timely car loan approval process, applicants are required to submit the following documents. Requirements may vary depending on the lender and applicant profile.
For Salaried Individuals:
For Self-Employed / Business Owners:
At Vidhi Consultancy, we assist clients with documentation verification and lender coordination to ensure quick approvals and hassle-free disbursement.