About Car Loan

In India car loans are offered at a fixed interest rate and tenure. Some of the banks are also started offering step up EMI for car loans to help people by bigger cars in early earning days. Generally Car loans are offered up to 100% of on road cost and maximum loan tenure up to 10 years. Most banks have reasonable EMIs within flexible tenure options to offer on Car loans.

Get financing for whatever you need now

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

New Car Loan

We offer a range of Car Loans, suitable to you in every way. Exclusive features of car loans includes 100% financing on select vehicles, flexible repayment tenure and consumer friendly EMIs. Select Banks also offers Step-Up EMI and Balloon EMI schemes enable you to buy your dream car at more affordable EMIs – get a bigger car at the EMI of a smaller car.
Additional support comes in form of easy documentation, door step service and early delivery of Car from the nearest showroom to your home or office.We also help you arrange the test drive for your preferred Car.

Used Car Loan

Opting for a used car loan is a smart, value-for-money purchase. We advise  used car loans for a wide collection of cars ranging from hatchbacks & SUVs to premium sedans. We help clients to avail used car loans up to 95% on your car value and with flexible EMI repayment options, quick disbursal of loans which makes it the best choice for financing your car. Loan Amount upto 50 Lac, Rate of Interest starts at 12.5% and loan tenure up to 60 Months.

Overdraft Against Car

Do you know that you could use your car to get quick funds from Banks against taking easy loan against your car ? top up loan against your existing car loan. This is the most convenient way to raise funds in quick time – loan tenure up to 7 years, rate of interest is also upto 2% lower than personal loan. This loan can be availed by salaried, Self Employed Businessman and professionals i.e. CA / CS /Architects etc.

Get financing for whatever you need now

Enquire Now

Features of Car Loan

All loans are not created equal, personal loan has become a great option for people to use.

Faster Loan

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Choose your amount

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Enjoy the best rates

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Decide your tenure

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Car Loan - Eligibility

Self Employed Businessman, Salaried clients including Doctors, CA’s, Employees from Private Limited Companies and Public Sector Enterprises.


Minimum 21 Year Income


0 Min 40,000/ per month,  Business Income – Min 2.5 Lac ITR

Cibil Rating

No Default

Frequently Ask Questions

Still you have questions ?

Yes you can pay off your loan anytime after paying 6 installments.

Yes an entity can take multiple car loans without pledging any security.

Whenever you needs to meet your business objective.

Apply Now!

Now apply for a Loan online, All you need to do is provide your details below application form.