AUTO (CAR, BIKE) LOANS

Auto Loans starting at 9.25% from Trusted Auto Loan Providers

Apply for quick Auto Loans at low interest rates and get instant approval.

What is a Auto Loan?

Auto loan is a type of installment loan known as an auto loan enables you to borrow funds from a lender in order to buy an automobile. You will pay back the loan in certain installments over a predetermined time frame, and interest will be assessed on the borrowed funds. Typically, auto loans range from 24 to 96 months and are offered in 12-month increments. Although 60 and 72 months are the most popular durations, 84-month leases are growing in popularity as car costs rise.

Credchampion auto loan facility is specially designed for new vehicle owners as well the owners who are buying pre-owned vehicles or wants to hava top-up auto loan to upgrade their vehicle. The greatest choice might be an auto loan. You might be able to reduce your monthly payment and save interest based on the terms of your auto loan. Your payments can be considerably cheaper if you are able to make a substantial down payment. We help all the vehicle owners who have vehicles or want to have vehicle but struggling with money to buy their dream car/bike and short of money. CredChampion users can avail this facility and have a good amount of Loan basis on their vehicle requirements with lowest interest rates and quick approvals.

Our Top Auto Loan Lenders

  • Car Loans Amount:

    Upto Rs.50 Lakhs

  • Tenure upto:

    Upto 6 Years

  • Interest Rate:

    Starts from 9.25%

  • Processing Fee:

    0.50% of Loan Amount +ST.

  • Car Loan Amount:

    Loan Up to Rs.50 Lakhs*

  • Tenure upto:

    Upto 72 months

  • Interest Rate:

    Starting from 10.49% p.a.

  • Processing Fee:

    Up to 2.95% of the loan amount.

  • Loan Amount for Vehicles:

    Upto Rs. 60 Lakhs*

  • Tenure upto:

    Upto 72 months

  • Interest Rate:

    Starts from 9.35% p.a.

  • Processing Fee:

    Rs.2825 to Rs.5150 (depends on the loan*)

  • New Car Loans:

    Loans upto Rs.50 Lakhs*

  • Tenure upto:

    Upto 72 months

  • Interest Rate:

    Upto 12% p.a.

  • Processing Fee:

    Up to 2.95% of the loan amount.

Different Type of Auto Loans

An customer can avail different type of Auto loans in India –

Car Loans

Car loan is available for personal four wheeler vehicle as well as commercial purpose cars.

Bike Loans

You can purchase your dream bike with lower rates and flexible payment options.

Truck Loans

Auto loan is available for big commercial vehicles including trucks, vans, buses as well.

Pre-owned/Used Car Loan

You can take auto loans to buy used vehicles as well, although the interest rates are little higher as compare to new vehicle but this is available.

How Auto Loan process works at CredChampion?

Why Select CredChampion for Auto Loan Requirements?

CredChampion provides a platform to the customers to get connected with the top auto loan providers in market to borrow money for different type of vehicles they want to purchase. We are a platform where we connects customers with the lenders to check their offers including the maximum amount from lender, their interest rates, loan tenures, repayment options and different other terms and conditions at one platform effortlessely. The main benefit of CredChampion’s auto loan service is to save your time, energy and efforts and most importantly to have required money in quick time frame. You can check different Auto (Car, Bike, New, Used vehicle) Loan requirements, list of documents and other mandatory documents and make a handy checklist to avoid wastage of time.

Quality Lenders

Only Top-Rated Lenders with minimum documentations, shorter duration of approvals and quick disbursals.

Flexible Loan Amounts

Loans starting from Rs.5 Lakhs to Rs.50 Lakhs depending on the vehicle type.

Completely Digital

No paper-work. No long-forms. No long-ques. Simply fill up your details online, share your profile and requirements and easy cash.

Priority Dealing

Priority dealing of all CredChampion customers to fulfill immediate loan requirements.

Competitive Interest Rates

Our lending partners are committed to provide the best available and lowest Interest rates in the market and you have a full freedom to choose anyone out of them.

Advanced Technology & High Approval Rate

We are easily accessible platform with smooth API integration for swift document transfers and industry highest approval rates.

Eligibility Criteria for Auto Loans

  • Resident Status / Nationality

    Anybody who is Indian resident can take auto loans.

  • Age Criteria

    Anybody who is above 21 years till age of 75 years can take auto loans.

  • Credit History

    Anybody who have more than 650 CIBIL score can take auto loans.

  • Occupation Status

    Both salaried as well as business owners can take auto loans.

  • Income Status

    Anyone with a minimum income of Rs. 25,000 per month can avail auto loans.

Documentations Required for Auto Loan

  • KYC Details- Any ID proof out of these - Aadhaar Card, PAN Card, Passport, Driving License
  • Address Proof - Address Proof (Any One) - Utility Bill (Electricity/Water/Gas) - Last 3 months, Passport, Registered Rent Agreement
  • Bank Proof - Last 6 months bank transaction details
  • Vehicle Documents - Proforma Invoice from dealer, RC Copy (for used cars)
  • Business Income Proof - 3 years IT Returns- Business Registration- Audited Financials.
  • Business Tax Proof- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account.

Features & benefits of CredChampion

  • Processings – We believe in quick and easy things and that is why our lender partner processings are quick.
  • Documentations - We live in digital world and we work on paperless process and so as our auto loan lenders.
  • Loan Funding – We help our customer to secure upto 100% of vehicle funding.
  • Interest Rates –Our end objective is to help customers to get the auto loans with lower interest rates.
  • Repayments – Most of our auto loan provider partners help customers with customised EMI options wih easy repayment and foreclosure options.
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Auto Loan FAQ’s

Auto loan application and process is very simple and quick as it requires your basics documentation given from different lenders.

Below are the few documents which lenders require from consumers –
  • 1. Your individual KYC documents
  • 2. Your age & photo ID proof.
  • 3. Vehicle details the one which you are going to purchase.
  • 4. Loan type- New vheicle loan or used car loan.
  • 5. Income details if you are a salaried person.
  • 6. Last two years balance sheet and Profit & Loss accounts.
  • 7. Last three-month bank statements.

You can use auto loan for multiple instances like-
  • • New vehicle purchase.
  • • Used or pre-owned vehicle purchase
  • • Personal use vehicle or commercial vehicle purchase
  • • To upgrade your current vehicle.

The income ranges are actually differed from lender to lender and for better knowledge this will be available when you show your interest to the particular lender and they will share the requirement with you.

Yes, it is always good to have a healthy credit score for fast and easy approvals. Lenders prefer a healthy financial profile with a Credit score of more than 650. You can check your updated Credit Score at CredChampion with ease.

Lenders use to fund upto 100% value of the vehicle but we suggest to cross check with the final lender.

The usual auto loans are for 5 to 7 years but still do cross check with the respective company whom you want to get the car loan.

Well, this is tricky to say because these interest rates keep on changing basis on government rules and regulations as well as from the banks and other private lenders based on their own metrics. But you can find out the lowest and highest interest rates from our Auto loan interest rates.

Auto Loan is also one of the quickest loan available in market. You can check the quotes within 5 minutes with Crehchampion and once you are done with your comparison then it only takes 24-48 hours for the final approval meeting all client requirements.

No there is no security deposit required for auto loans except commercial vehicles which also varies lender to lender.

Yes, there are different provisions from different lenders and you can pre close your auto loan by paying the pending amounts.

Anyone who is an Indian resident can take auto loans.

Not usually but it again depends from lender to lender and some time these lender wave off the application fee case to case basis.

Not usually but it again depends from lender to lender and some time these lender wave off the application fee case to case basis.

Not usually, these lenders will wave off the administrative charges while granting the loans.

Yes there will be penalities on non-payments on time and this will affect the customer creidt health also, so we advise to pay the EMI on time.

The process for used vehicle or pre-owned vehicle will remain almost the same except few extra documents and also with little high interest rates.

Yes, you can take the loan for your next car as well, only depends if you current vehicle has any pending loan or its all clear.

Drop us a line at customercare@CredChampion.comand we will get back to you at the earliest.

Why should you apply for Auto1 Loans with CredChampion Partners?

When it comes to banking system, one should be very proactive and cautious and while selecting loans it is very vital to know the processes, documentations, dos and don’ts and that is where CredChampion comes in picture to help all the customers to make the auto loan journey is easy, comfortable and hassle-free. Why you can bang on us: -

Lender Selection

We work with Top lenders in the market who are rated A+ by fellow customers.

Success Rate

Approval rate is something which does matter for us and our customers, so we choose the highest approval lender.

Paper Work

We hate long documentation and long waiting with so many to-and-fro communications.

Charges

We aim for the lowest documentation & loan processing charges to give maximum benefit to our borrowers.

Digital India

We support digital India where we follow one time registration and job done.