New & Pre-Owned (Used) Car Loan
Apply For Car Loan

Car Loan

Your Search for Dream Car finally ends here. Apply for New & Pre-Owned (Used) Car Loan and buy a car of your choice.

Features & Benefits

Attractive Interest
Rates
24*7 Online Loan
Processing
Quick Disbursal
Easy EMIs
New Car Loan
New Car Loan
Offered Interest Rate
Starting at 8.60% P.A.
Maximum Tenure
Upto 7 Years
Loan Amount
Rs.50,000 Onwards
Processing Fee
Starting at 0.25% of loan amount
Apply For New Car Loan
Used Car Loan
Used Car Loan
Offered Interest Rate
Starting at 9.60% P.A.
Maximum Tenure
Upto 7 Years
Loan Amount
Rs.50,000 Onwards
Processing Fee
Starting at 0.25% of loan amount
Apply For Used Car Loan

Car Loan - Why to opt for a car loan?

Car loan is to get the financial support from a bank or NBFCs, for purchasing a car that you desire. This includes the financial choices with terms and conditions that are extremely client friendly, reasonable and ascendible. Choosing a car loan provides several reasons and benefits as mentioned below:

Lenders Offering Car Loan

  • IDFC First Bank
  • Yes Bank
  • CashKumar
  • Hero Fincorp

Frequently Asked Questions

How to check the eligibility for the loan amount?

A customer can click on "Apply for New/Used Car Loan" and answer few questions to get loan decision in 30 seconds for free.

Who are eligible to apply for car loan?

A person who is an Indian citizen and above 18 years of age can apply for a car loan.

What is the car loan interest rates?

The car loan interest rates offered are the best in the industry. They are defined based on the location of the customer, tenure of loan and customer's profile.

What are required set of documents?

Documents Required:

  • KYC-PAN, Address & ID proof
  • Income proof (Salary slips and Form 16 or IT Return), Bank Statement and One Photograph

What is the loan processing time?

The average loan disbursing time is of 2-3 working days.

Can I pre-pay the entire loan amount?

Yes, you can pre-pay the entire loan amount.

Am I eligible to get loan for the purchase of a used car?

Yes, you are eligible to get loan for the purchase of a pre-owned car.

What is the maximum amount that I can get as loan to purchase a new or used car?

You can finance up to 100% amount, based on the customer's profile to buy a new car. Whereas, for a used car the finance is decided based on the age, condition, kilometers driven by the vehicle.

What are the tenure options available?

  • The loan tenure options available are from 1 year (12 months) to 7 years (84 months).

How do I approach Droom Credit for a Car Loan?

  • Apply Online.
  • Write to us using the Contact Us.
  • Call us at our 24-hour Customer Care (1800 407 070707).