How a Car Loan Can Help You Buy Your Dream Car | AU Small Finance Bank
Gateway to Digital Life. Download AU 0101.

How A Car Loan Can Help You Buy Your Dream Car

    A new car is not just a new vehicle that will make your life easy but your leap to the next level of life. You must have dreamt of buying a new car at some point in your life. Ever thought about turning that dream into a reality? With a Car Loan for a dream car, you don't have to wait for years and save penny after penny to realise your dream of buying a new car. 

    Here's how to get a Car Loan if you are planning to buy a new four-wheeler. 


    How to get a Car Loan – Application process & Documents Required

    Owning a car is no less than a necessity in today's time. With the help of a Car Loan, you can buy your dream car by paying monthly EMIs. While you will have to pay a small amount as a down payment, you can get the remaining amount financed by a lender.

    You can apply for a New Car Loan as well as a Used Car Loan with AU Small Finance Bank. Get up to 100% of ex-showroom price considering the product & customer profile. 

    Before applying, it is necessary to check Car Loan eligibility. At AU Small Finance Bank, it is easy to meet the eligibility conditions for a New Car Loan, as mentioned below:

    • Any Indian resident who is 18 years and above can apply for the loan
    • Self-employed & salaried individuals, having income documents or non-documented income.
    • The loan is also available to individuals residing in rural, semi-urban and urban areas
    • People with zero credit history can also apply

    Documents required to get a Car Loan:

    • Loan application form
    • Identity proof
    • Address proof
    • Photographs
    • Other relevant documents

    You can get a dream Car Loan with simplified loan processing and utmost transparency with AU Small Finance Bank. The tenure of the loan ranges from 1 year to 7 years.


    Benefits of a Car Loan

    • 1. Taking a Car Loan for a dream car is the easiest way to buy a new car
    • 2. You do not need to pledge any collateral against a Car Loan
    • 3. You don't have to dip into your savings
    • 4. You can also avail customized loan offers in terms of choosing the tenure, EMI amount, as well as the payment mode on a Car Loan from AU Small Finance Bank to address your personal needs
    • 5. If you are an existing AU Small Finance Bank customer, you may be eligible for a pre-approved Car Loan offer.

    Car Loan EMI Calculation

    In order to plan your finances toward paying the Car Loan EMIs, you would want to know the exact EMI you would have to pay each month and the tenure of your dream car loan. You can easily do your Car Loan EMI calculation using AU Car Loan EMI Calculator. With this calculator, you can get an estimate of the interest rate, monthly EMIs, as well as the principal amount or much before applying for the loan.

    AU Small Finance Bank offers a Car Loan for your dream car at attractive interest rates. You can finance new as well as pre-owned cars with minimal paperwork, low processing fees, hassle-free assistance, and zero hidden charges with AU Small Finance Bank. 

    To apply for Car Loan with AU Small Finance Bank, you can fill out the online application form to get a call from bank representatives, write to us at [email protected], call our customer service at 1800 1200 1200 or visit an AU Small Finance Bank branch to get your dream Car Loan.

    Car Loans are subject to customer profile/product etc. at the sole discretion of AU Small Finance Bank. Standard terms and conditions apply.

Apply Now

Blogs & Articles