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New Car Loan
Explore finance options for purchasing a brand-new car from an authorised dealer.
Drive home your dream car
Car Loan Solutions Made Simple
Planning to buy a new car or a pre-owned vehicle? Explore suitable car finance options with guidance from Global Financial Mall. Compare possibilities, understand the process and take your next step with confidence.
Get guided car finance assistance
Tell us what you are planning and our team can help you understand suitable lender options.
- New and used car finance
- Balance transfer and top-up possibilities
- Guidance on eligibility and documents
Car finance options
Find an Option That Fits Your Journey
Different lenders offer different products and terms. Explore the broad options below and ask us which may suit your requirement.
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Used Car Loan
Understand financing possibilities for an eligible pre-owned vehicle.
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Car Loan Balance Transfer
Check whether transferring an existing car loan may offer more suitable terms.
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Top-Up Possibility
Depending on lender policy and your repayment profile, additional funding may be considered.
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Flexible Loan Tenure
Compare available repayment tenures and understand how they affect your EMI.
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Personal Guidance
Get help understanding lender criteria, paperwork and the application journey.
Understand the product
What Is a Car Loan?
A car loan is a finance facility offered by a bank or financial institution to help an eligible customer purchase a vehicle. The lender may finance a portion of the vehicle cost, while the borrower repays the amount through EMIs over an agreed tenure.
Loan amount, interest rate, down payment, tenure, vehicle age and other conditions depend on the lender's assessment and current policy.
- Finance options for eligible new and pre-owned cars
- Repayment through agreed monthly instalments
- Compare lender terms before applying
- Understand total repayment, not only the EMI
Why consider car finance?
Key Features and Benefits
Subject to lender terms, eligibility and approval.
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Structured Repayment
Repay through monthly instalments over a tenure agreed with the lender.
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Compare Lender Offers
Review interest rates, fees, tenure and other conditions before choosing.
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Vehicle Choices
Explore finance options across eligible vehicle models and categories.
Simple application journey
How the Car Loan Process Works
Share Your Requirement
Tell us whether you are buying a new or used car and share an approximate budget.
Check Eligibility and Options
Review possible lender options based on your profile and vehicle details.
Submit Documents
Provide the documents requested by the selected lender for assessment.
Lender Decision and Disbursal
The lender completes its checks and communicates its decision and next steps.
Before you apply
Car Loan Eligibility
Eligibility is assessed by each lender. The factors below are commonly considered, but exact rules may vary.
Applicant Profile
Age, residential status and other lender-defined applicant conditions.
Income and Employment
Income stability, occupation, business vintage and repayment capacity.
Credit and Existing Obligations
Credit history, repayment track record and current monthly liabilities.
Who Can Explore a Car Loan?
- Salaried applicants meeting lender criteria
- Self-employed individuals and business owners
- Applicants with required income and repayment capacity
- Applicants purchasing a lender-eligible vehicle
Commonly Required Documents
- Identity and address proof
- Recent salary slips or income proof
- Bank statements as requested
- ITR / business documents, where applicable
- Vehicle quotation or proforma invoice
Plan your monthly budget
Car Loan EMI Calculator
Estimate your monthly instalment using the loan amount, annual interest rate and tenure.
βΉ16,800
Estimated total interest
βΉ2,08,000
Estimated total repayment: βΉ10,08,000
This calculator provides an indicative estimate only. Actual EMI may differ based on lender rates, fees, compounding, disbursal date and loan terms.
Make an informed decision
Things to Consider Before Taking a Car Loan
- Compare the annual interest rate and total cost of borrowing.
- Check processing fees, documentation charges and foreclosure conditions.
- Choose an EMI that fits comfortably within your monthly budget.
- Consider insurance, registration, maintenance and fuel costs too.
- Read the sanction letter and loan agreement before accepting.
Our team can help you understand the broad process and compare available options. Final terms are decided by the lender.
Request a Car Loan Call Back
Fill in the form and our team will contact you to understand your requirement.
Car Loan Enquiry Form
Fill in your details below. Our team may contact you to understand your requirement.
Talk to Baljeet
Get assistance understanding car loan options and the application process.
Financial Advisor
18 years of banking experience
Call
Office
Global Financial Mall, SCO 666, First Floor 101/2, Sector 70, Mohali, Punjab β 160071
Service Areas
Punjab, Haryana & Chandigarh
Frequently asked questions
Car Loan FAQs
Quick answers to common questions about car finance.
Can I apply for a car loan to buy a new car?
Yes, eligible applicants can explore new car finance options. The lender assesses the applicant profile, vehicle details and repayment capacity before making a decision.
Is finance available for a used car?
Many lenders offer used car finance for eligible vehicles. Vehicle age, condition, valuation and lender policy can affect eligibility and loan terms.
How much car loan can I get?
The amount depends on factors such as income, existing obligations, credit profile, vehicle price and the lender's funding policy. The final amount is determined by the lender.
What is the usual tenure of a car loan?
Tenure varies by lender, vehicle type, applicant profile and loan product. Check the available tenure and total repayment before selecting an offer.
What documents are generally required?
Common documents include identity and address proof, income documents, bank statements and vehicle quotation or details. The lender may request additional documents.
Can I transfer my existing car loan?
A balance transfer may be possible if the borrower, existing loan and vehicle meet the new lender's criteria. Compare transfer costs and total savings before proceeding.
Does checking eligibility guarantee loan approval?
No. An eligibility discussion or preliminary assessment is not an approval. The lender makes the final decision after verification and underwriting.
Can I repay my car loan early?
Prepayment or foreclosure may be allowed subject to the loan agreement and lender policy. Check applicable conditions and charges directly with the lender.
Global Financial Mall
Call Baljeet Β· 98765 91269
Letβs Find a Car Finance Option for You
Speak with Baljeet for guidance on lender options, eligibility and the application process.
Disclaimer: Global Financial Mall provides loan assistance and guidance. Loan approval, amount, interest rate, tenure, fees, documentation and all other terms are subject to the respective lender's policies, verification and final decision. No loan approval is guaranteed.