Car Loan Online

Personal Auto Loans, Made Simple

New, Used, Luxury & EV

A car loan for every need and budget

24-Hour Disbursal

Funds sent directly to your dealership

Doorstep Service

Document pickup across 200+ cities

Zero Hidden Charges

No prepayment penalties, full transparency

Understanding Car Loans

Own Your Dream Car with a Car Loan Online

With the rapidly growing economy and the increasing number of salaried individuals with passive income streams, the demand and sale of automobiles are rising rapidly. More people are now planning to buy a new car and upgrade their lifestyle.

Fixrupee is helping customers fulfil this dream by offering secured car loan options with affordable terms for people from all sectors. Through its fully online process, Fixrupee makes it simple and quick to apply for instant approval car loans and get fast loan disbursal without lengthy procedures. With online personal auto loans, owning the car of your dreams has become easier than ever.

Continue reading to learn more about a personal loan for a car, its features and benefits, eligibility criteria, and more. Get all the details you need and take the next step to apply for a car loan with confidence.

Apply for Car Loan

Loan Products

Car Loan for Every Need

Whether you're buying a hatchback, an SUV, a pre-owned car, or a luxury vehicle — we have a product built for you.

Better Than Banks. Faster Than Anyone.

See how Fixrupee stacks up against traditional banks and other NBFCs on what matters most to you.

100% On-Road Funding

Banks finance only the ex-showroom price. Fixrupee covers registration, insurance, accessories and the real on-road cost. No out-of-pocket surprises on delivery day.

24-Hour Disbursal

From application to account credit in 24 hours. Our fully digital process eliminates branch queues, physical form filling, and unnecessary waiting.

Zero Hidden Charges

The rate we quote is the rate you pay. No processing fee surprises, no annual maintenance charges, no prepayment penalties. Full transparency, always.

Doorstep Document Collection

Our representative comes to your home or office to collect documents. Available across 200+ cities in India — no travel, no queues.

Fixrupee vs Typical Bank Car Loan

Feature	Fixrupee	Typical Bank
Funding	100% on-road cost	85–90% of ex-showroom
Minimum CIBIL	650+	700–750+
Used car age	Up to 8 years	Up to 5 years
Foreclosure charges	Zero (after 6 months)	2–3% of principal
Disbursal	Within 24 hours	Branch-based process
Documents	Doorstep pickup	Branch visit

Process

Get Your Car Loan in 4 Easy Steps

The whole process is online. No branch visit. No paperwork mess. Just your dream car, faster.

Apply Online

Fill a 3-minute form with basic details — name, income, car preference. No credit check at this stage.

Instant Pre-Approval

Get your loan amount, EMI, and interest rate displayed instantly. Pre-approval in under 5 minutes.

Upload Documents

Upload Aadhaar, PAN, and income proof from your phone. Our team picks up originals at your doorstep if needed.

Drive Your Car

Funds are transferred directly to the dealership within 24 hours. Walk in, sign, and drive home.

Start Your Application

Eligibility

Car Loan Eligibility Criteria

Simple, inclusive criteria. We serve salaried employees, self-employed professionals, and business owners.

Age: 21–65 years

At loan maturity, not older than 65

Min. Salary: ₹20,000/month

Net take-home after deductions

Employment: 6+ months

With current employer; 1 yr total experience

CIBIL Score: 650+

Higher score = better rates

Nationality: Indian Resident

NRIs may apply with co-applicant

No Active Defaults

No overdue EMIs or written-off loans

Age: 25–65 years

At loan maturity not over 65

Min. Annual Income: ₹3 Lakh

As per latest ITR filing

Business Vintage: 2+ years

Stable and profitable business

CIBIL Score: 675+

Business credit considered too

GST Registration

Preferred but not mandatory

Valid PAN & Aadhaar

For KYC compliance

Business Turnover: ₹10L+ p.a.

As per last audited financials

GST Registered Entity

Pvt Ltd, LLP, Proprietorship, Partnership

Business Age: 3+ years

Incorporation certificate required

Director Age: 25–70 years

Authorised signatory of company

No Ongoing Litigation

No active DRT cases or winding-up proceedings

12 Months Bank Statements

For cash-flow assessment

Documents

Minimal Documents. Maximum Speed.

Just a few documents. All uploadable online. No branch visit, no courier, no waiting.

Aadhaar Card

For identity and address verification. Front & back photo or DigiLocker link accepted.

PAN Card

Mandatory for all loan amounts. Used for CIBIL check and tax compliance.

Income Proof

Salaried: Last 3 salary slips. Self-employed: Latest 2 years ITR with computation.

Bank Statement

Last 6 months of the salary/primary account. PDF directly from net banking is accepted.

Car Proforma Invoice

Dealer quote for the selected vehicle. We coordinate directly with your dealer.

Passport Photo

A recent selfie works too. Uploaded directly through the app — no printing needed.

Customer Stories

Real People. Real Cars. Real Fast.

Over 50,000 customers have driven home with a Fixrupee car loan. Here's what some of them say.

"Applied at 11pm, got pre-approval in minutes, and the car was delivered the next afternoon. No bank comes close to this speed. The 8.99% rate they offered was better than my own bank's offer."

Rahul Sharma

Software Engineer, Bengaluru

New Car Loan · ₹12 Lakh · Tata Nexon EV

"I'm self-employed and every bank rejected my application. Fixrupee reviewed my ITR and approved ₹9 lakh within a day. The doorstep service saved me three working days of leave."

Priya Krishnamurthy

Freelance Designer, Chennai

Self-Employed Loan · ₹9 Lakh · Hyundai Creta

"Needed a used car loan for a 2019 model. Most NBFCs said it was too old. Fixrupee financed 90% of market value in 36 hours. The zero prepayment policy means I paid it off early with no extra charges!"

Arjun Mehta

Business Owner, Mumbai

Used Car Loan · ₹6.5 Lakh · Honda City 2019

FAQs

Frequently Asked Questions

Everything you need to know about Fixrupee car loans. Can't find an answer? Talk to us.

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Still have questions?

Our car loan experts are here to help.

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What is the interest rate for a car loan at Fixrupee?

Fixrupee offers car loan interest rates starting from 8.99% per annum. The actual rate depends on your CIBIL score, income, employment type, loan tenure, and the car model. A CIBIL score above 750 typically qualifies for the lowest rates. Use our EMI calculator above to get an instant indicative rate.

Does Fixrupee provide 100% on-road funding for a new car?

Yes — Fixrupee is one of the few lenders in India offering 100% on-road cost financing for new cars. This includes ex-showroom price, road tax, registration, insurance, and accessories. Banks typically fund only 85–90% of ex-showroom value, leaving you to arrange ₹50,000–₹1.5 lakh yourself.

Can I get a car loan for a used or second-hand car?

Absolutely. Fixrupee offers used car loans for vehicles up to 8 years old (vs. the 5-year cap at most lenders). We finance up to 90% of the current market value. Both certified pre-owned cars and regular second-hand cars are eligible. The car must have a valid RC and clear title.

What is the minimum CIBIL score required to apply?

Our minimum CIBIL requirement is 650 — significantly lower than the 700–750 required by most banks and NBFCs. If your score is between 650–700, you can still qualify with a slightly higher rate or a co-applicant. We also have special programs for first-time borrowers with no credit history.

Is there any prepayment or foreclosure charge?

Zero prepayment or foreclosure penalty, ever. You can pay off your entire car loan at any time after 6 months from disbursement with no extra charges. This is unlike Cholamandalam (charges up to 5%) or most banks that charge 2–3% of the outstanding principal.

How long does car loan approval and disbursement take?

You get instant digital pre-approval within 5 minutes of submitting the form. Final approval takes 4–8 hours after document submission. Funds are transferred to the dealership within 24 hours of final approval — same day in most cases for applications submitted before 2 PM.

Can a self-employed person or business owner apply for a car loan?

Yes. Self-employed individuals, freelancers, and business owners can apply using their ITR and business bank statements instead of salary slips. We require 2 years of ITR and a minimum annual income of ₹3 lakh. Our relationship manager will guide you through the documentation for your specific employment type.

What is the maximum car loan tenure available?

Fixrupee offers loan tenures from 12 to 84 months (7 years). A longer tenure reduces your monthly EMI but increases total interest paid. Use our EMI calculator to find the right balance between low EMI and total interest cost for your situation.