+91 - 9892096669 mail us

Home - Products - Retail Finance - New Car Loan.
New Car Loan
Need New Car Loan? Simply contact Us and Relax!!!

Product Info

Owning a car is a dream of every individual. We all like car and dream of buying our favourite one sooner or later. It’s considered as one of the milestones of your success. Be it your first car or the next bigger car meant exclusively for your family, no need to worry because availing a car loan is simple, quick and very easy now.

Today the technology has brought the world closer, so you can not only consider purchasing a new car but you also have an option to buy a used car which is well functioning, hardly used & will give less burden to your pocket. A lot of people like to switch cars as soon as a new model arrives, and thus you can take advantage of this loan to purchase your dream car.

www.theloancompany.in lets you fulfill this wish of owning a car by providing easy and best Car Loan options from our associated Banks & FIs for new as well as used cars. You can easily compare and choose the most appropriate one, of course just at a click of a button on your loan assisting platform www.theloancompany.in.

Compare & Go with the Best!!!

www.theloancompany.in will help you find the best finance associate appropriate to your loan requirements. We are affiliated with the best, trusted and reputed Banks & FIs to ensure that you can make an easy & thorough comparison and are completely satisfied with the offer before you choose the Best Deal.

Choosing the Best… But How???

  • Offers will be best suited to your requirements, which you can compare and select the best out of these customized offers / deals.
  • After this comparison, your application will be sent to the Bank or FI chosen by you. This would save your time and resources and we will take care of the rest.
  • Once you have applied for the car loan online, the application will be sent to the Financial Institution of your choice, thus saving your time and resources involved in visiting a bank/NBFC or doing paper work
  • Benefits of Car Loan

  • Can avail up to 100% financing
  • Quick and hassle-free loan disbursal
  • Fixed interest rates
  • Flexible tenure and can range to 7 years
  • EMI will not be affected by market fluctuation, given fixed interest rate
  • Who can borrow Car Loan?

  • Salaried Individuals
  • Self-Employed Individuals engaged in a business
  • Self-Employed Professionals like a CA, a doctor or an architect etc.
  • Person above 20 years up to 65 years of age
  • How much can you borrow?

  • Loan amount ranges from Rs.1.25 lac up to Rs.2 Crores
  • Depends on salary drawn or monthly income in case of a Self Employed
  • Depends on customer's financial & repayment history
  • Keep in Mind…

    www.theloancompany.in, we wish you to make note of following pointers in order to manage your finances in a better way. So, before availing the loan -

  • Check the Interest rates and other service charges like processing fee, prepayment charges, foreclosure charges as indicated by the providers
  • Check your CIBIL credit rating score and credit history. A high CIBIL credit score with no default on payment can help you get approvals quickly and / or lower interest rates / charges
  • Documents Required

  • Identity Proof (Passport, Pan Card, Driver’s License etc.)
  • Bank Statement for 3 to 6 months. In case you are a salaried individual then the bank statement from your salary account
  • Salary Slips from your current employer
  • Proof of Residence (Ration Card, Property Documents, Registered Rent Agreements, etc.)
  • Self-Employed applicants will require to submit Profit and Loss accounts, Partnership Deeds, Balance Sheets and other documents as requested by the loan provider
  • Other documents as required by the respective Financial Institutions
  • FAQS

    Which cars can be financed by the loans available?

    Imported vehicles may be funded on case-to-case basis. Most Financial Institutions will consider all passenger vehicles and multi-utility vehicles that have been manufactured by reputed automobile manufacturers in the country.

    What is the usual time taken for a Car Loan approval?

    In most cases; it takes about a week, while in some cases, loan could be approved in 24 to 36 working hours.

    What is the maximum period of repayment offered?

    In most cases; it would be 7 years, but certain lenders may increase tenure depending on the case.

    Car Loan Amount – How is it calculated?

    In order to learn the total amount of financing, the following information is required:

  • The total cost of the vehicle, make and model
  • Accessories that you may want to include
  • Amount and type of Insurance cover that you will opt for
  • Down Payment that you can organize
  • Can you get 100% financing for the cars?

    100% Car financing is not a popular practice in India, however, there are some institutions that might offer you 100% financing, depending on the model and make of the car.

    Is any additional security or collateral required?

    No. It is not required. Only the car against which the loan is being sanctioned will be hypothecated to the Financial Institution you are availing the loan from.

    Can there be a co-applicant?

    Yes,any blood relative living in the same house or your spouse can be a co-applicant.

    How can one repay the loan?

    Post-dated cheques can be used to repay the loan.

    Can the loan be prepaid?

    If you wish to prepay your loan fully, you should be aware that there will be certain charges applicable for prepayment.

    Are the car insurance and registration charges included in the loan?

    Generally financing is done on the Ex-Showroom price after discounts, though some financiers also finance basis the on-road price which is ex-showroom price plus registered value plus Insurance Value.

    Customer Feedback
    "The Loan Company…..Loans made simple. As their tagline suggest, my home loan is really made simple with hassle free and personalized service. I got the best home loan deal in market that eased my pocket. Thank you."

    - Pinkesh G.
    "I decided to buy a new car. I was confused making rounds to various dealers and Finance schemes I was getting from them. Then my friend recommended me to The Loan Company and it proved to be clever decision. The Loan Company personally understood my requirement and helped me getting finance scheme that best suited me.
    Many thanks all the best The Loan Company"

    - Samir Bhosale
    "The Loan Company helped me with best home finance scheme. They offered me end to end personalized service at no extra cost. Wow!!!"

    - Dnyanesh Mahajan
    "I recommended my friend to The Loan Company. He got the best finance. Pleasant surprise came to me when The Loan Company rewarded me with Gift Voucher."

    - Alpesh Shah
    "Excellent online platform when we are moving in era of complete digitalization. Way to go The Loan Company."

    - Wasim Mansoori
    "Very happy with the services provided by The Loan Company, Would definitely recommend The Loan Company to friends and colleagues."

    - Mr. Aniket Athalye