Car Loan in India – Complete Guide | Loansathi.in

Owning a car is no longer just a luxury — for many, it is a necessity. Whether it’s your first dream car or a pre-owned vehicle, a car loan can make your purchase smooth and stress-free. With Loansathi.in, you can avail fast, transparent, and trusted car loan services across India.

What is a Car Loan?

A car loan is a financial product that helps you purchase a new or used car. Instead of paying the full price upfront, you make a down payment and cover the rest through a loan, which you repay in easy EMIs.

Benefits of Car Loan with Loansathi.in

• Available for both new and used cars
• Fast approvals within 48 hours
• Flexible EMI repayment options
• Low interest rates with multiple bank comparison
• Pan-India support
• Special handling for applicants with low or no CIBIL score
• No hidden charges – complete transparency

Eligibility Criteria

• Age: 21 to 60 years
• Indian citizenship
• Stable income proof
• Aadhaar & PAN card mandatory
• Last 6 months bank statements
• Preferred CIBIL score: 650+ (but not mandatory with Loansathi support)

Documents Required

• Aadhaar & PAN Card
• Salary slips / ITR
• Bank statement (last 6 months)
• Passport size photo
• Car quotation (new or pre-owned)

Step-by-Step Process (via Loansathi)

1. Visit www.Loansathi.in and select Car Loan
2. Fill in your basic details and submit the form
3. Loansathi advisor contacts you within 24 hours
4. Documents are collected and verified
5. Loan file submitted to bank/NBFC
6. Approval received within 2–4 working days
7. Payment made directly to car dealer, EMI schedule starts

Important Tips Before Applying

• Check your down payment capacity before applying
• Compare interest rates across multiple banks
• Keep EMI affordable within your income
• Verify authenticity of used car sellers
• If CIBIL is low, pre-check your profile with Loansathi

Why Choose Loansathi.in?

• Dedicated car loan advisors
• Approvals even for low CIBIL profiles
• Step-by-step WhatsApp guidance
• Free consultation
• Doorstep document collection (in select cities)
• Real-time updates via call, WhatsApp, and email