Vehicle Loan
Making Young India Financially Able
Dreaming of owning a vehicle? Whether it’s a sleek two-wheeler or a powerful four-wheeler, Finnable is here to make it happen with our easy and accessible vehicle loans. With low-interest rates, flexible repayment terms, and a 100% digital process, you can now own your dream vehicle without any hassle. Apply now and get closer to your dream ride!
Paperless
15 minute disbursal
No collateral
Personal Loan Amount Limit
You are eligible for Loan AmountFeatures & Benefits for a Vehicle Loan
Low EMIs
Enjoy lower EMIs with interest charged on a reducing balance, not a flat rate — so you pay less over time.
Quick Disbursal
Get funds directly in your bank account — with fast approval and hassle-free processing.
Flexible Loan Options
Choose a loan amount and repayment period that fits your needs and financial goals.
Your Loan Assistant
Please write to your loan assistant at makeiteasy@finnable.com for any support. We aim to provide you with a seamless and hassle-free experience.
Who Can Apply for a Vehicle Loan
Finnable offers vehicle loans to a wide range of individuals:
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Employees of Private and Public Companies
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Self-employed Professionals
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Agriculturalists
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Entrepreneurs and Business Owners
If you have a steady source of income and meet the eligibility criteria, you are likely to qualify for a vehicle loan with Finnable.
Application Process for a Vehicle Loan
Customers looking for a vehicle loan need to follow the below steps
Documents Required for Vehicle Loan
To apply for a vehicle loan, you will need to submit the following documents:
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Identity Proof: Aadhar Card, PAN Card, Passport, Voter ID, or Ration Card.
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Address Proof: Utility Bill (electricity, water, telephone), Ration Card, or any government-approved address proof.
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Income Proof: Salary slips for the last 2 months, and bank statements for the last 3 months.
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Driving License: As proof of your ability to operate the vehicle you plan to purchase.
Set Up Your Profile
Sign up with your name, email, and mobile number. Verify your number with an OTP, then fill in your address and job details.
Choose Your Loan
Select the loan amount, choose the loan product, and pick a repayment period that fits your needs.
Upload Documents
Upload your ID proof, income proof, and address proof. Make sure they’re clear and legible, then submit for verification.
Interest Rate & Charges for a Vehicle Loan
The interest rate on vehicle loans varies based on several factors like the applicant’s credit history, income, and the type of vehicle:
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Two-Wheeler Loans: Interest rates range from 16% to 35.99%.
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Four-Wheeler Loans: Interest rates range from 16% to 35.99% as well.
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Fixed or Floating Rates: Most car loans come with fixed interest rates, while two-wheeler loans may offer both fixed and floating options.
Why Choose Finnable’s Vehicle Loan
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Quick and Easy Application: Apply for your vehicle loan online from anywhere and anytime.
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Customized Loan Solutions: Get a loan that suits your financial situation, with personalized terms and flexible repayment options.
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No Hidden Fees: We believe in transparency—no hidden charges, and we offer clear, upfront loan terms.
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Reward for Timely Payments: Stay on track with your EMIs and earn monthly rewards that boost your savings.
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Seamless Digital Experience: The entire loan process, from application to disbursement, is paperless and fast.
Trusted by Millions for Simple & Safe Borrowing
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What's the Minimum Credit Score for a Vehicle Loan?
Your credit score is one of the main factors that can affect your Vehicle Loan eligibility. While a good CIBIL score improves your chances of loan approval, Finnable is flexible when it comes to credit score requirements. However, a CIBIL score of 650 or above is generally preferred. Even if your credit score is lower, you may still qualify for a loan depending on your income, occupation, and other eligibility criteria.
