i
New Cars
Up to around 90 percent of the on-road price, with tenure up to seven years depending on the lender.
New Car · Used Car · Commercial Vehicle
CarLoans
Finance for new and pre-owned cars and for commercial vehicles, compared across banks and NBFCs so the dealer's in-house offer is not your only option.
AMFI-Registered Mutual Fund Distributor
IRDAI-Licensed Insurance Distribution
Raipur & Bilaspur, Chhattisgarh
45+ Years Combined Experience
Families, Business Owners & NRIs
01 — The Short Version
The Dealer's Offer Is One Option
Most car buyers in Raipur take the loan arranged at the showroom because it is convenient. It is often fine, but it is rarely the only or cheapest option, and a quote from a second lender gives you something to negotiate with.
New-car loans typically finance 80 to 90 percent of the on-road price over up to seven years. Used-car loans finance a lower share of the car's valuation over a shorter period, and rates are higher because the asset is older. Commercial vehicle loans are assessed on the business's cash flow as well as the buyer's income.
Keep the total cost in view, not just the EMI. A longer tenure lowers the monthly payment but increases the total interest, and a car loses value faster than you repay the loan in the early years.
02 — What We Handle
ii
Used Cars
Finance on pre-owned cars bought from dealers or individuals, against an independent valuation.
iii
Commercial Vehicles
Goods carriers, taxis and fleet additions for transport and logistics businesses.
iv
Balance Transfer & Top-Up
Move an existing car loan to a cheaper lender, or release funds against a car you own.
v
Self-Employed Buyers
Lenders that assess business income properly, not just salary slips.
vi
Insurance Alongside
Comprehensive motor cover arranged with the loan. See car insurance.
03 — Questions
Asked
Every Week
Straight answers to what people in Raipur ask us most.
How much car loan can I get?
For a new car, most lenders finance 80 to 90 percent of the on-road price, provided the EMI fits within the share of income they allow after your existing EMIs. For used cars the share is lower and depends on the car's age and valuation.
What documents do I need for a car loan?
KYC, income proof (recent salary slips and bank statements, or ITRs and business bank statements if self-employed), address proof and the vehicle's proforma invoice or, for a used car, its registration and valuation details.
Is it better to take the dealer's car loan?
Not necessarily. The dealer's lender may offer a scheme rate, but it can carry processing charges or bundled insurance that change the total cost. Comparing at least one outside offer is worth the half-hour it takes.
Can I get a loan for a used car bought from an individual?
Yes, several banks and NBFCs finance private-party used car purchases, subject to a valuation and the car's age at the end of the loan tenure.
Can I prepay my car loan?
Usually yes, but car loans often carry a prepayment or foreclosure charge, especially on fixed-rate loans. Check the sanction letter before you sign if you expect to close the loan early.
Start with a conversation.
Free, nothing to sign, and nothing recommended on the first call. Bring whatever paperwork you have; if you have none, come anyway.
Enquiry
Tell us about the car.
- A partner answers, not a call centre
- Free first consultation, in person or by video
- Our Devendra Nagar office in Raipur, or Bilaspur
- Hindi or English
Related
Useful Next
Other Services
We Also Handle
Visit
Raipur Office
505/506, Karsen Chamber, New Timber Market, Devendra Nagar, Raipur, Chhattisgarh 492001
- Monday to Saturday, 10:00–19:00 IST
- +91 90396 27355
- By appointment, in Hindi or English