海星体育官方网站

Why Choose Our Car Loans?

Features designed to make your car buying experience smooth and affordable

High Financing

Up to 90% of car value for new cars, 80% for used cars

Quick Processing

Approval within 24-48 hours, disbursement in 72 hours

Low Interest Rates

Competitive rates starting from 7.5% for new cars

Insurance Linked

Comprehensive car insurance with loan protection

Car Loan EMI Calculator

Calculate your monthly installments in seconds

Your Loan Breakdown

Monthly EMI

$0

For selected tenure

Loan Amount $0

Down Payment $0

Total Interest $0

Processing Fee $0

Total Cost $0

*Processing fee: 0.5% of loan amount (max $500). Insurance free for first year on select models.

Types of Car Loans

Choose the right financing option for your vehicle

From 9.5%

Used Car Loan

Buy pre-owned cars with flexible financing options and quick approval.

Up to 80% financing
Car age: Up to 5 years
RTO transfer assistance

From 8.0%

Electric Vehicle Loan

Special financing for electric cars with additional benefits and subsidies.

Extra 0.5% discount
Longer tenure options
Charger installation support

From 8.5%

Commercial Vehicle

Financing for taxis, delivery vans, trucks, and other commercial vehicles.

Higher loan amounts
Business income considered
Quick processing

From 7.8%

Car Loan Balance Transfer

Transfer your existing car loan to us for lower interest rates.

Lower interest rates
No foreclosure charges
Top-up loan available

From 10.5%

Luxury Car Loan

Special financing for premium and luxury car brands.

Higher value cars
Flexible documentation
Priority processing

From 7.5%

New Car Loan

Finance your brand new car with maximum loan amount and lowest rates.

Up to 90% financing
Tenure: 1 to 7 years
Free first year insurance

Popular Car Brands We Finance

Get financing for cars from all major brands

Hyundai

Audi

Tesla

Honda

Kia

Ford

Volkswagen

BMW

Mercedes

Nissan

Chevrolet

Toyota

What's Included in Car Loan?

Comprehensive coverage for all your car purchase expenses

Road Tax & Registration

Road tax, registration fees, and other statutory charges

Fastag & Fuel

Fastag recharge and initial fuel expenses (limited amount)

Charger Installation

For EVs: Home charger installation costs (up to $1,000)

Comprehensive Insurance

First year comprehensive insurance (free on select models)

Accessories & Extras

Optional accessories, extended warranty, and maintenance packages

Ex-showroom Price

100% of the car's ex-showroom price from the dealer

Car Loan Eligibility

Minimum Income

$25,000 p.a.

Maximum Age

65 Years*

*At loan maturity

Minimum Age

21 Years

Employment

1+ Year

Stable employment required

Down Payment Requirements:

New Car: Minimum 10%
Used Car: Minimum 20%
Electric Vehicle: Minimum 15%

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Required Documents

Salary slips (last 3 months)
Form 16/Income Tax Returns (last 2 years)
Bank statements (last 6 months)
Employment certificate/Appointment letter

Car Quotation/Proforma Invoice
RC Copy (for used cars)
Insurance Papers
Road Tax Receipt (for used cars)

PAN Card & Aadhaar Card
Passport (for NRI applicants)
Voter ID/Driving License
Utility Bill (last 3 months) for address proof

Car Loan Interest Rates

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Car Type	Salaried Individuals	Self-Employed	Women Applicants*	Electric Vehicles
New Car (Up to $50K)	7.5% - 8.5% p.a.	8.0% - 9.0% p.a.	7.3% - 8.3% p.a.	7.0% - 8.0% p.a.
New Car ($50K - $100K)	8.0% - 9.0% p.a.	8.5% - 9.5% p.a.	7.8% - 8.8% p.a.	7.5% - 8.5% p.a.
Used Car (Up to 3 yrs)	9.5% - 10.5% p.a.	10.0% - 11.0% p.a.	9.3% - 10.3% p.a.	9.0% - 10.0% p.a.
Used Car (3-5 yrs)	10.5% - 12.0% p.a.	11.0% - 12.5% p.a.	10.3% - 11.8% p.a.	10.0% - 11.5% p.a.
Luxury Cars ($100K+)	8.5% - 9.5% p.a.	9.0% - 10.0% p.a.	8.3% - 9.3% p.a.	8.0% - 9.0% p.a.

*Additional 0.2% discount for women applicants. Electric vehicles get extra 0.5% discount. Rates are subject to change based on credit score, car model, and other factors.

Apply for Car Loan

Get pre-approved for your dream car in minutes

Personal Details

Full Name *

Email Address *

Phone Number *

Date of Birth *

Car Details

Car Brand *

Car Model *

Car Type *

Car Price ($) *

Financial Details

Down Payment ($) *

Preferred Tenure (Months) *

Employment Type *

Annual Income ($) *

Additional Information

I agree to the Terms & Conditions and authorize Prime Capital to verify the provided information and conduct necessary checks

Our car loan specialist will contact you within 24 hours with a pre-approval decision

Car Loan FAQs

Common questions about car financing

No, car loans are typically secured against the car itself. The car serves as collateral, so no additional collateral is required. We take hypothecation of the car until the loan is fully repaid. After repayment, we issue a No Objection Certificate (NOC) to remove the hypothecation.

In case of default, we first try to contact you to understand the situation and offer solutions like restructuring the loan. If defaults continue, we may repossess the car as per the loan agreement. However, we always try to work with customers facing genuine financial difficulties through EMI holidays or extended tenure options.

Yes, you can prepay your car loan. For floating rate loans, you can prepay after 6 months with no charges. For fixed rate loans, a prepayment charge of 2% may apply if prepaid within the first year. After 12 months, no prepayment charges apply. We encourage early repayment to reduce your interest burden.

The maximum car loan tenure is 7 years (84 months) for new cars and 5 years (60 months) for used cars. However, the actual tenure depends on factors like car age, applicant's age, and income. Electric vehicles may qualify for longer tenure up to 8 years to encourage eco-friendly transportation.

For complete applications with all documents, we typically approve car loans within 24-48 hours. Pre-approval can be obtained within 4 hours. Once approved, disbursement happens within 24 hours after completing documentation and signing the agreement.

Yes, there are tax benefits available. If the car is used for business purposes, the interest paid on the car loan is deductible as a business expense. For electric vehicles, additional deductions are available under Section 80EEB. For personal cars, there are no specific tax benefits, but if used for business, appropriate deductions apply.

Get Behind the Wheel with Prime Capital Car Loans