Drive home your dream car, faster
New car or used, petrol or EV — compare the best auto loan offers from India's top banks. Finance up to 100% on-road price.
Why choose Catfin
From 8.70% p.a.
Competitive new car loan interest rates.
Loan up to ₹1 Cr
Finance luxury, premium and commercial vehicles.
Tenure up to 7 years
Flexible EMI to suit your monthly budget.
100% financing
On select models and dealer tie-ups.
Compare top lenders
Transparent side-by-side comparison of the most competitive offers on Catfin.
HDFC Bank Auto Loan
SBI Auto Loan
RBI-Regulated Partners
All lenders on Catfin are licensed by the Reserve Bank of India.
Transparent Pricing
No hidden fees. All charges disclosed upfront before you apply.
Eligibility & documents
Who can apply
- Indian citizen, age 21–65 at loan maturity
- Monthly income ₹25,000+ (salaried) or turnover ₹40L+ (self-employed)
- CIBIL score 700+ for best interest rates
- Minimum 2 years work experience or business vintage
- Stable residence and employment history
Documents required
- PAN card and Aadhaar card (KYC)
- Salary slips (last 3 months) or ITR (last 2 years)
- Bank statements (last 6 months)
- Proof of address — utility bill / rent agreement
- For business: GST returns, financials, MSME / Udyam certificate
How Catfin works
From comparison to money in your account — four simple steps, fully digital.
Compare
Browse curated offers from RBI-regulated lenders.
Apply
Fill one simple form with Aadhaar-based digital KYC.
Approve
Instant in-principle decision from matched lenders.
Disburse
Money credited directly to your bank account.
Calculate your EMI
Estimate your monthly payment. Built for the Indian market — uses the standard reducing-balance formula used by every RBI-regulated lender.
- Principal
- ₹10,00,000
- Total Interest
- ₹2,89,634
- Total Payable
- ₹12,89,634
Fees & charges
| Charge | Amount |
|---|---|
| Processing fee | Up to 2.50% of loan amount |
| Prepayment (floating) | Nil for individual borrowers |
| Prepayment (fixed) | 2% – 5% of outstanding |
| Late payment | 2% per month on overdue EMI |
| Loan cancellation | ₹1,000 + GST |
| Document / statement reissue | ₹500 per request |
Indicative industry charges. Final fees vary by lender and borrower profile. All charges disclosed in the sanction letter before disbursal.
What our customers say
“Got my working capital loan in 48 hours. The comparison tool saved me 1.2% on interest.”
“Clear breakdown of fees and EMI. No surprises at disbursal. Best fintech experience in India.”
“Home loan balance transfer through Catfin saved my family ₹3.2 lakh over the remaining tenure.”
Frequently asked questions
Can I get a used car loan?+
Yes — used cars up to 5 years old are eligible; rates are typically 1–2% higher than new car loans.
Documents required?+
PAN, Aadhaar, income proof (salary slips or ITR), bank statements (6 months), car quotation.
Is prepayment allowed?+
Yes. Most lenders allow part-prepayment; charges vary. Full foreclosure is allowed after 6 EMIs.
Rates sourced from HDFC Bank and SBI published schedules. Final rate depends on credit score and vehicle type.