Upcoming Cars

The maximum loan amount you get is different for different banks. Based on the car you choose, you can check your eligible loan offer. Generally most banks offer loan for 80% to 90% of the on-road price of the car. Few banks also offer up to 100% financing on new car loan based on your income and credit history.

The interest rates vary on the basis of car models, tenure selected and your preferred banking partner. We provide offers starting from 9.5% per annum. Your exact rate of interest will be determined by the lender on the basis of your loan application. Lenders also generally charge you with a processing fee directly deducted from your car loan amount which can be negotiated with the lender at the time of sanction of your application.

Generally loan providers offer new car loans for tenures ranging from 1 year to 7 years. You can choose the loan tenure as per your preference.

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your car loan. These payments include the principal amount as well as the interest. The amounts of EMI you have to pay depend on the tenure of your car loan. For a longer tenure, loan repayment is spread over greater number of years and the installments are smaller whereas for a shorter tenure, installments will be larger.

Generally, the bank or lender will need to review the following to determine your new car loan eligibility:

• Your credit history (based on a soft review of your credit report)
• Your income
• Your age and citizenship status
• Other debts and monthly financial obligations
• Your employment status

We offer new car loans to both salaried individuals and self-employed individuals.

We help you get finance from top trusted banks for all passenger cars and multi-utility vehicles manufactured by India's leading automobile companies.

Yes. Even if you have never taken a loan, you can get a car loan, depending on your current take-home salary and other criteria mentioned by our finance partners. You can also apply for a car loan if you are self-employed. View eligibility criteria FAQ for detailed information on this.

Please get in touch with our team at contact@Autombil India.com for any doubts or clarifications.

Currently, we have partnered with HDFC Bank, ICICI Bank, Yes Bank, Kotak Mahindra Prime , Axis Bank, Cholamandalam Finance, IndusInd Bank, Shinhan Bank India, Union Bank, HDB Financial Services and Bank of Baroda to serve both salaried and self-employed users. We are adding more banking partners to provide our customers with the best new car loan options.

As mentioned, our team and our lending partners run multiple checks to verify the information provided by you. In case of incomplete or wrong information, your application can get rejected.

Once you have uploaded all required documents and completed the loan application, our team and our lending partners verify the information provided by you through multiple checks. It takes up to 30 minutes to verify and give loan approval. You can check your loan application status with the link. You also get notified through mail and SMS regarding the status of your loan application.

Yes, indeed! Using Autombil India to get your new car loan eligibility is absolutely safe. Any sensitive and personal information is encrypted and kept safe. We do not share your information with any marketing agency of third-party associates.

You can visit the nearest authorised dealers of your car to avail of this offer. You can also call or contact us via email.

Pre-approved auto loan is offered to our existing customers on the basis of the existing relationship with the bank. It is offered to selected customers

Before you apply for any car loan, ensure that you explore all the options available. Once you explore, you will get an idea about the benefits offered by various lenders on their car loans. Compare the benefits offered and pick a lender that fits your requirements. Whether it is a bank or a car dealership, pick the one that offers better interest rates.

One of the most important factors that lenders consider before offering you a car loan is your credit score. As stated above, a credit score of above 750 can fetch you lower interest rates and other benefits. The other factors that lenders look for when you apply for a car loan are your employment status, residence and job stability, income, debt-to-income ratio, etc.

Almost all car loan products available in India are secured loans, with the procured vehicle itself acting as the customary security. Most lenders in India will not insist upon any guarantors; however, if your annual income does not match up to the expected requirement, then you may be expected to sign-up a co-applicant and/or guarantor.