Ramit Loans

Car Loan

Drive away sooner, pay comfortably.

Finance a new or used car with quick approvals and repayment plans that fit your monthly budget.

Calculate EMI

Interest Rate

9% – 14%

Loan Amount

₹1 Lakh – ₹1 Crore

Tenure

1 – 7 Years

Illustrative MVP figures — not a real offer.

Benefits

  • New & used cars
  • Flexible tenure
  • Easy application
  • Up to 90% financing

Eligibility

  • Age between 21–65 years
  • Minimum monthly income of ₹25,000
  • Valid driving license (for used cars)

Required Documents

PAN & Aadhaar
Income proof
Vehicle quotation / RC (for used cars)

Illustrative Rate & Tenure

Interest Rate9% – 14%
Loan Amount₹1 Lakh – ₹1 Crore
Tenure1 – 7 Years

Calculate Your Car Loan EMI

₹1 Lakh= 10 Lakh₹1 Crore
1%30%
1 year30 years

Your Monthly EMI

₹20,758

Principal

₹10L

Total Interest

₹2.5L

Total Payable

₹12.5L

Total Payable

₹12.5L

Frequently Asked Questions

Yes, this model covers both new and pre-owned vehicles, typically at a slightly higher rate for used cars.