Auto Loan

We Are SurePath Financial Pvt Ltd

An auto loan is a type of loan that helps you finance the purchase of a vehicle. Banks and financial institutions offer auto loans with flexible repayment options and competitive interest rates.

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The Eligibility Criteria For a Auto Loan:

Age: Minimum 18 years, maximum 60-65 years (varies by lender).

Income: Minimum annual income of ₹3 lakh (varies by lender).

Employment Type: Salaried or self-employed individuals.

Credit Score: A good CIBIL score (typically 700+) improves approval chances.

Car Model: Some lenders have restrictions on the type of car financed.

Business Vintage: Self-employed applicants should have at least 2-3 years of business stability.

Get Summary EMI

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Features of Auto Loan :

We Are SurePath Financial Pvt Ltd

Loan Amount: Up to 100% of the car’s on-road price.

Interest Rates: Vary by lender, starting from 8.00% p.a. onwards.

Repayment Tenure: Typically ranges from 1 to 7 years.

Quick Disbursal: Some banks offer instant approval within 30 minutes.

Frequently Ask Questions


An auto loan is a type of financing that helps you purchase a vehicle by borrowing money from a lender and repaying it in installments.

Minimum age: 18 years (varies by lender).

Income: Minimum annual income of ₹3 lakh (varies by lender).

Employment type: Salaried or self-employed individuals.

Credit score: A good CIBIL score (typically 700+) improves approval chances.

Interest rates vary by lender and loan type, typically starting from 8.00% p.a. onwards.
Yes, some banks offer 100% financing on the car’s on-road price, depending on eligibility.
Repayment tenure usually ranges from 1 to 7 years, depending on the lender.
Yes, most lenders allow prepayment or foreclosure, but some may charge a fee.

Identity proof (Aadhaar, PAN, Passport)

Address proof (Utility bill, Aadhaar)

Income proof (Salary slips, ITR)

Car quotation or invoice