Car Loan in Ludhiana
Drive your dream car — new & used vehicle financing with up to 100% on-road funding. Compare personalized offers from partnered RBI-registered lenders on EASYCRED in Ludhiana, Punjab.
Approval in 4 HoursUp to ₹1 CroreInterest From 7.5% p.a.Tenure Up to 7 Years
Car Loan Highlights
RBI-Regulated LendersLoan AmountUp to ₹1 Crore
Interest RateFrom 7.5% p.a.
LTV RatioUp to 90%
Processing FeeUp to 1%
Loan Tenure1 – 7 Years
Checking eligibility won't affect your credit score
WHY EASYCRED
Why Choose EASYCRED
India's trusted digital loan marketplace — compare customized car loan offers with transparent terms and rapid bank disbursals on EASYCRED.
Low Interest Rates
Auto loans from 7.5% for new cars and 9.5% for used cars with flexible EMIs.
New & Used Cars
Finance both brand new vehicles and pre-owned cars up to 7 years old.
100% On-Road Funding
Get funding for ex-showroom, registration, insurance, and accessories.
Quick Processing
Approval within 4 hours and disbursal in 24–48 hours.
Flexible Tenure
Repayment from 1 to 7 years with affordable monthly EMIs.
EV Special Rates
Preferential rates and terms for electric vehicles and hybrids.
REQUIREMENTS
Eligibility & Required Documents
Transparent requirements designed for 100% paperless verification and immediate pre-approval.
Eligibility Criteria
Age
21 to 65 years (at loan maturity)
Employment
Salaried or self-employed with stable income
Monthly Income
Minimum ₹20,000 monthly income
Credit Score
Minimum 600 CIBIL score required
Residence
Indian citizen with valid address proof
Driving License
Valid driving license required
Required Documents
Identity & Address
PAN Card
Aadhaar Card
Driving License
Address proof (utility bill / passport)
Income Proof
Salary slips (3 months) or ITR (2 years)
Bank statement (last 3 months)
Employment letter
Vehicle Documents
Proforma invoice / quotation from dealer
Vehicle registration card (for used cars)
Insurance copy (for used cars)
FAQS
Frequently Asked Questions
Everything you need to know about rates, eligibility, and the loan application process on EASYCRED.
Yes, we finance pre-owned cars up to 7 years old from any dealer (authorised or certified pre-owned) at rates starting from 9.5% p.a.
Up to 90% of ex-showroom price for new cars and 80% of assessed market value for used cars. Some lenders offer 100% on-road funding for select new car models.
New car loans: approval within 4 hours, disbursal in 24–48 hours directly to the dealer. Used car loans may take 1–2 additional days for vehicle inspection.
Yes, we offer special EV financing with preferential rates (0.5–1% lower) and longer tenure options. Government FAME II subsidies are also factored in.
Our car loan product covers four-wheelers only. For two-wheelers, please check with our personal loan option or contact support for alternative financing.