Car Loan

Drive away today, pay for it sensibly.

New or used, hatchback or SUV — a car loan from our partner banks covers up to 90% of the on-road price, with rates that reward a clean credit history and a repayment plan that fits your monthly budget.

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Up to 90%

On-road funding

8.7%+

Starting rate

1–2 days

Sanction time

7 Yrs

Max tenure

Why choose this with us

Benefits built around the borrower.

A short list of what actually changes when you apply through Financeway instead of walking into a branch.

Up to 90% on-road funding

Covers the ex-showroom price plus registration, insurance and accessories for most models.

Same-day to 48-hour sanction

With income and KYC documents ready, most applications are sanctioned within a day or two.

New & used cars both covered

Financing available for used vehicles up to a certain age, not just brand-new purchases.

Rates compared across lenders

We check dealer tie-up rates against open-market bank offers so you don't overpay.

Doorstep documentation

KYC, income proof and loan agreement signing handled at your home or office.

Flexible tenure up to 7 years

Stretch the EMI over a longer period to keep monthly outgo comfortable.

Loan Instrument

See your EMI before you apply.

Move the sliders — the split between principal and interest updates in real time.

Loan Amount ₹800,000

Interest Rate (p.a.) 9.50%

Tenure 60 months

Apply at this EMI →

Estimated Monthly EMI

₹21,494

● Principal
₹10,00,000

● Interest
₹2,89,640

Car Loan

What you'll need

Keep these ready to speed up your application.

Documents Required

Keep these ready — our representative collects them at your doorstep.

PAN Card
Aadhaar Card
Last 3 months' salary slips / ITR
Last 6 months' bank statement
Proforma invoice / quotation from dealer
Passport-size photograph

Eligibility Criteria

A quick self-check before you apply.

Age between 21–65 years (at loan maturity)
Minimum monthly income as per lender norms
Salaried or self-employed with stable income
Credit score of 700+ preferred
Valid driving license (recommended, not always mandatory)

Questions

Frequently asked questions

Most lenders fund 80–90% of the on-road price, including registration and insurance, leaving the rest as your down payment.

Yes, used-car loans are available, typically at a slightly higher rate and shorter tenure than new-car loans, subject to the vehicle age.

The vehicle is hypothecated to the lender until the loan is fully repaid, meaning it's noted on the RC as security, though you retain full use of it.

Yes — most banks allow foreclosure after a minimum lock-in (often 6–12 months), though a small foreclosure charge may apply on fixed-rate loans.