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Car Loan

Drive Home Your Dream Car

Owning a car is no longer just a luxury; it's a necessity. Mudra Finance offers Car Loans with up to 100% funding on the on-road price for new cars and attractive deals for used cars. Drive your dream vehicle with our hassle-free financing solutions.

We provide loans for Hatchbacks, Sedans, SUVs, and Luxury cars with flexible repayment options up to 7 years.

Up to 100% On-Road Funding
Quick Disbursal
Flexible Tenure (Up to 7 Years)
New & Used Car Loans
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Car Loan - Mudra Finance

Eligibility & Documents

Minimal paperwork to get you behind the wheel faster.

Eligibility Criteria

  • Age: 21 to 65 years
  • Employment: Salaried or Self-Employed
  • Income: Minimum ₹18,000 per month
  • CIBIL Score: 700+ preferred
  • Work Experience: Min 1 year stability

Documents Required

  • Identity Proof: PAN Card, Aadhar Card, Driving License
  • Address Proof: Utility Bill, Passport, Voter ID
  • Income Proof: Salary Slips / ITR & Computation
  • Bank Statement: Last 6 months bank statement
  • Car Documents: Proforma Invoice / RC Copy (for used cars)

Interest Rates & Charges

Charge Type Details
Interest Rate Starts from 9.00% p.a.
Processing Fee Up to 1% of loan amount
Loan Tenure 12 to 84 Months
Foreclosure Charges 5% of principal outstanding