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Vehicle Loan
100% On-road Funding
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Tenure up to 7 years
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Low Interest Rates
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Paperless documentation
Why InvestKraft?
We are India’s fastest growing fintech company with all BFSI services on one platform.
Get a Vehicle Loan up to 50 Lakhs
What is a Vehicle Loan?
A vehicle loan is a type of loan that you take to buy a vehicle. It can be a car, a bike or a commercial vehicle. The vehicle itself acts as security for the loan till the loan is fully repaid. At InvestKraft, we help you get the lowest car loan interest rate or any other vehicle you are planning to purchase.
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Vehicle Loan EMI Calculator
Now, calculate easily the EMIs you need to pay for your vehicle loan, using the InvestKraft Car Loan EMI calculator. You can also use it as a Bike Loan EMI calculator.
Features and Benefits of a Vehicle Loan From InvestKraft
The following are great features and advantages of a vehicle loan from InvestKraft:
| Features | Description |
|---|---|
| 100% Digital Vehicle Loan | Apply for a car loan, bike loan, or commercial vehicle loan online without any visits to banks. |
| Minimal Documentation | Paperless documentation, whether it is for a new car loan or a second-hand car loan, just upload a few basic documents and get going. |
| Faster Loan Approval | Complete digital process for vehicle loan approvals and quicker disbursal to your bank account. |
| Affordable Interest Rates | Get access to some of the lowest car loan interest rates, bike loan interest rates, and auto loan offers in India. |
| High Loan Amounts | Borrow higher vehicle loan amounts for a car, bike, or commercial vehicle. |
| Zero Prepayment Charges | No prepayment penalty on your vehicle loan. |
| Flexible EMI Options | Use our Car EMI Calculator, Bike Loan EMI Calculator, or Vehicle Loan EMI Calculator to plan and choose repayment terms that suit you. |
| Covers All Vehicle Types | Whether it is a car loan, two wheeler loan, or commercial vehicle loan, we finance it all - new or used. |
| Best-in-Class Lender Network | Compare car loan interest rates for all banks and NBFCs at one place and take an informed decision. |
| Second-Hand Vehicle Loan | Buying a used car? Use our Used Car Loan EMI Calculator and get attractive used car loan interest rates. |
100% Digital Vehicle Loan
Apply for a car loan, bike loan, or commercial vehicle loan online without any visits to banks.
Minimal Documentation
Paperless documentation, whether it is for a new car loan or a second-hand car loan, just upload a few basic documents and get going.
Faster Loan Approval
Complete digital process for vehicle loan approvals and quicker disbursal to your bank account.
Affordable Interest Rates
Get access to some of the lowest car loan interest rates, bike loan interest rates, and auto loan offers in India.
High Loan Amounts
Borrow higher vehicle loan amounts for a car, bike, or commercial vehicle.
Zero Prepayment Charges
No prepayment penalty on your vehicle loan.
So, why wait for your dream vehicle? Apply for a vehicle loan from InvestKraft now.
Who can apply for a Vehicle Loan?
The following can apply for a vehicle loan:
| Eligible Category | How They Benefit from a Vehicle Loan | Apply Link |
|---|---|---|
| Salaried Professionals | Use a car loan or bike loan to buy personal vehicles without burning your savings. | Apply Now |
| Self-employed Individuals | Get financing for personal or business vehicles, including two-wheelers and cars. | Apply Now |
| Business Owners | Expand fleets for delivery, taxi, or logistics services with a commercial vehicle loan. | Apply Now |
| Farmers | Use vehicle loans for buying tractors or utility vehicles to support agricultural work. | Apply Now |
| First-time Buyers | Start your journey with your first vehicle using flexible EMI options and the lowest interest rates. | Apply Now |
| Retirees | Apply for a vehicle loan to add comfort, convenience, or leisure in retirement. | Apply Now |
| Students and Young Professionals | Finance two-wheelers with easy EMIs using our bike loan or two wheeler loan options for daily commutes. | Apply Now |
Best Personal Loan with Lowest EMI
We have a personal loan for all your occasions, needs and emergencies.
( Click on your preferred personal loan now)
Eligibility Criteria for a Vehicle Loan
Want to avail of a vehicle loan through InvestKraft? Check out the eligibility criteria below along with the required documents for loan processing.
For Salaried People
- Min age of the applicant: 18 years
- Max age of the applicant (At loan Maturity): 70 years/retirement age whichever is earlier.
- Min. Monthly Income of Rs.12,000/-
- Income proof: Salary Slip, Form 16/ ITR, Bank statement showing salary credit
For Self-employed Individuals
- Min age of the applicant: 18 years
- Max age of the applicant: (At loan Maturity): 70 years
- Min. 2 years in the profession
- Min. Annual Income of Rs.2,50,000/-
- Income proof: for the Last 2 years with computation of income / certified financials, Balance Sheet, P & L A/c, Bank statement
Documents Required for a Vehicle Loan
- Age Proof : Aadhaar Card, PAN Card, Driving license, LIC Policy, PAN Card.
- Address Proof : Passport, Driving license, Voter ID card, Telephone Bill / Electricity Bill, Title deed of property / Rental Agreement, Employee letter, ITR / Form 18
- Identity Proof : Passport, PAN Card, Election ID card, Driving License, Aadhaar Card, Employers ID Card
- Income Proof : Latest 3 months’ salary slips; Form 16/ ITR for last 2 years; Bank Statement showing salary credits for 6 months
How To Apply For a Vehicle Loan from InvestKraft?
Getting a car loan is simple and easy. In just 3 easy steps, you can get the funds for your dream vehicle:
Apply Vehicle Loan
1Fill in Your Details
Start by filling out our easy application form with your basic information and click Submit. You can use our app to get a vehicle loan as well.
2 Upload Your Documents
Submit the required documents online, such as ID proof, income proof, and bank statements. These will be communicated to you once you provide your basic information.
3 Get the Funds
Once your documents are verified and the loan is approved, the required amount will be credited directly to your bank account.
Vehicle Loan Interest Rates and Other Charges
When it comes to a vehicle loan, there are interest rates and other charges that you should be aware of before proceeding with your loan application. The following table shows some of the important interest rates and charges:
| Charge Type | Details |
|---|---|
| New Car Loan Interest Rate | Starts from 9.10% (ICICI Bank), up to 10.15% (SBI). May vary based on credit score and lenders. |
| Used Car Loan Interest Rate | Ranges between 11.75% – 15.25%. Use a Used Car Loan EMI Calculator to estimate EMIs. |
| Bike Loan Interest Rate | Begins around 10.50%, depending on bank and applicant profile. Best for those who want two wheeler loan. |
| Processing Fees | Usually up to 1% of the loan amount. |
| Pre-closure Charges | 2%–6% depending on lender and loan tenure (HDFC and ICICI). |
| Bounce Charges | INR 500 – INR 1,200 per bounce + GST (varies by lender). |
| Late Payment Penalty | Often 2% per month on the overdue EMI amount. |
| Loan Tenure | Up to 7 years for new cars, lower for used cars and two-wheelers. |
| Vehicle Loan EMI Calculator | Use online tools to estimate EMI before applying for a car loan or bike loan. |
Please note that these charges depend on the lender and may vary as per the marketing conditions. We recommend that you check the official website before applying.
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Frequently Asked Questions
Yes, InvestKraft provides quick and affordable vehicle loans for both personal and commercial vehicles.
The maximum tenure for a vehicle loan could be 7 years.
At InvestKraft, many lenders provide up to 100% funding for vehicle purchases so you can rest assured about getting the best vehicle loan offer with us.
Digital Journey
Lower Interest Rates
Easy Documentation Process
