Which one fits
Terms shown are typical; each lender sets its own.
New car
A loan on a new car from a dealer.
- Up to 7 years
- Up to 100% of on-road price, including registration and insurance, on selected models
Electric car
A loan on a new electric car.
- Up to 8 years
Pre-owned car
A loan on a used car.
- Minimum income of ₹2.5 lakh a year
- An HUF applies with its Karta as co-applicant
Documents to keep ready
Nayaasa is a loan advisor, not a lender. This is what lenders typically ask for, and yours may differ. Approval is the lender's decision.
Applying jointly? Each person gives their own documents. Choose each type in turn.
What to expect
Typically; each lender sets its own.
Salaried
Net income of at least ₹3 lakh a year, with a loan up to 48 times your monthly income.
Self-employed and firms
Net profit or taxable income of at least ₹3 lakh, with a loan up to 4 times that.
Agriculture
Income of at least ₹4 lakh, with a loan up to 3 times that, and no ITR needed.
Pre-owned cars
Lenders set separate limits: salaried buyers 21 to 60 with 2 years' employment, proprietors 25 to 65 with 3 years in business.
Figures last checked November 2026.
Who it suits
- Salaried and self-employed buyers
- Partnership firms and companies buying a car for the business
- Agriculturists with land records or a running allied activity
How it works
Tell us about the car
New or used, the price, and who is buying.
We look at your profile
Your income and running loans, set against what lenders ask for.
Gather the documents
We give you the list for your case and check each file before it goes to a lender.
The lender assesses
A credit check and, for a used car, a look at the car.
Sanction
If the lender agrees, it confirms the amount and terms.
Disbursement
The lender pays the dealer or seller.
Common questions
Can the whole on-road price be financed?
Some lenders go up to 100% on selected models, including registration and insurance.
Does a used car need more paperwork?
Yes. Expect the RC copy, an agreement to sell, the seller's transfer form and the road tax receipt.
Does Nayaasa approve the loan?
No. Nayaasa is a loan advisor, not a lender. The final decision and the terms are the lender's.
Let's Build Your Brighter Tomorrow
Get in touch with our advisors for guidance on the loan that fits your plans.