New Car Loan

Explore financing options for your dream car with personalized guidance and a simple, transparent process.

Why Choose PFSPL
for a New Car Loan?

Multiple Financing
Options

Explore options through our lending partners.

Personalized
Guidance

Loan assistance based on your needs and profile.

Transparent
Process

Clear information about terms and application steps.

Application
Support

Guidance from application through disbursal.

Eligibility & Documents

Typical Eligibility

  • Salaried or self-employed applicant
  • Stable income and repayment capacity
  • Credit profile as per lender criteria
  • Age as per lender policy

Common Requested Documents

  • Identity proof (Aadhaar, PAN, etc.)
  • Address proof
  • Income proof (salary slips / ITR, etc.)
  • Bank statements, as required

Eligibility and documents may vary by lender and applicant profile.

How to Apply for a New Car Loan?

1. Share
Requirements

Tell us about your preferred car and loan needs.

2. Explore
Options

Review suitable financing options.

3. Submit
Documents

Provide documents for lender verification.

4. Lender
Review

The lender reviews and decides on approval.

Calculate Your New Car EMI

Estimate your monthly repayment and plan your budget with ease.

Estimated EMI (Example)₹20,758 / month

₹10,00,000 loan at 9% p.a. for 5 years

Try EMI Calculator

New Car Loan FAQs

Quick answers to common questions.

What is a new car loan?

A new car loan is financing offered by a lender to help eligible customers purchase a new vehicle. Repayment is generally made through monthly instalments.

What is the interest rate for a new car loan?

Interest rates vary by lender, applicant credit profile, loan amount, tenure and other factors. The final rate is confirmed by the lender.

How much loan can I get for a new car?

The eligible amount depends on the vehicle, your income, creditworthiness and the lender's financing policy.

Can I calculate my EMI before applying?

Yes. Use our EMI Calculator to estimate monthly repayments by changing the loan amount, interest rate and tenure.

Ready for Your New Car?

Explore suitable loan options with personalized assistance.

Enquire Now