Drive home your next car sooner
New or pre-owned, we'll help you find car finance with the tenure and EMI that suit you.
- Loan amount
- Up to 90–100% of on-road price
- Interest rate
- From ~8.75% p.a.*
- Tenure
- 1 – 7 years
- Used cars
- Also financed
* Indicative figures. Final terms are set by the lender.
EMI calculator
Monthly EMI
₹14,701
- Principal
- ₹7,00,000
- Interest
- ₹1,82,078
- Total payable
- ₹8,82,078
Illustrative, using the reducing-balance method. Your actual rate and EMI are set by the lender.
How to apply
Apply for a car loan online
Three simple steps, all from your phone.
- 1
Enter your mobile number and verify it with an OTP
- 2
Tell us about your income and the amount you need
- 3
Compare matched offers and continue with the lender you choose
Apply online
Check your car loan offers
Share a few details and we'll match you against every lending partner's criteria. It's free, and it won't affect your credit score.
- Takes about two minutes
- Only RBI-regulated banks and NBFCs
- No charges to you, ever
- Your details are shared only with the lenders you're matched to
Documents required
Lenders may ask for more depending on your profile.
- KYC
- PAN, Aadhaar and a photograph
- Income proof
- Salary slips or ITR
- Bank statement
- Last 6 months
- New car
- Proforma invoice from the dealer
- Used car
- RC, insurance and valuation report
Eligibility criteria
Typical requirements. Each lender applies its own rules.
Age: 21 to 65 years
Income: Usually ₹20,000+ per month
Credit score: 700+ preferred
Employment: At least 1 year in current job or 2 years in business
Fees & charges
Know the full cost upfront
Compare the Annual Percentage Rate (APR) in each lender's Key Fact Statement, not just the interest rate.
| Charge | Typical range* |
|---|---|
| Interest rate | Around 8.75% – 16% p.a. for new cars; higher for used |
| Processing fee | Typically 0.5% – 2% + GST |
| Foreclosure | Nil – 6% of outstanding principal |
| CredoCash service fee | ₹0 — we never charge borrowers |
* Indicative market ranges, set by the lender and subject to change. GST applies where stated.
How CredoCash works
We do the matching. You stay in control.
Share your details once
Create your CredoCash account and tell us what you need. It takes about five minutes.
We match you with lenders
Our rules engine checks your profile against each partner's criteria, so you only see lenders likely to approve you.
You choose and apply
Pick an offer and complete KYC with the lender. The lender approves, sets the terms and disburses directly to you.
Before you apply
Things to know
Compare with dealer finance
Dealer tie-ups can be convenient, but check the APR and bundled insurance before you sign.
Hypothecation
The lender's name is recorded on your RC until the loan is closed. Get the NOC and update the RC after closure.
Lending partners
Car Loan partners
We're onboarding car loan partners. Share your requirement and our team will help you find the right lender.
FAQs
Car Loan questions
Can I get a loan for a used car?
Yes. Many lenders finance pre-owned cars, usually up to a certain vehicle age, at slightly higher rates than new cars.
Is a down payment needed?
Some lenders fund up to 100% of the ex-showroom price for strong profiles; most expect a 10–20% down payment.
No fees · No credit score impact
Find a Loan That Fits Your Needs
Compare offers from RBI-regulated lenders in a few minutes. It's free, and checking offers won't affect your credit score.