Your Path to Car Ownership Starts Here!

There are many compelling reasons to opt for a car loan—and the best one is the ease of owning your dream vehicle through affordable monthly installments. Whether you're buying a new or used car, financing makes it simple and stress-free. You get up to 100% of the value of the car in some schemes. A smaller down payment can allow you to reserve your available cash for emergencies. The tenure is flexible, and you can repay the car loan in 12-84 months. Interest rates are extremely competitive. The eligibility criteria are simple, and most people can avail of loans for used cars. The loan is hassle free and guarantees quick approval and disbursement. The application process is easy, you can even apply online. The documentation is simple. You can take loans ranging from Rs 50,000 to Rs 50 lakhs. You can pre-pay the loan at a nominal charge.

Getting a car loan is easy. Here is the step-by-step process to apply online: Click Apply Now Fill in your details You will get an OTP on your phone Fill in the OTP Choose your location Choose the car model you want Give us your basic details such as date of birth and gender. Click submit Our customer care representative will be in touch as soon as its possible Alternatively, contact our customer care representative directly for a loan for a car by: Calling 1800 102 1616 Walking to the nearest Muthoot Fincorp Branch Contacting the Muthoot Capital representative stationed at your dealer.

Yes, it is possible to pre-pay your loan for car. If you have got a bonus or a windfall payment you can close the loan at any time. You pay nominal pre-payment charges to pre-pay the amount taken as your car finance.

You can use our Muthoot Fincorp one app, NACH, UPI, Net Banking and Debit card as comfortable. Instalments can be paid as cash through Muthoot Fincorp Branches also. https://branches.muthootfincorp.com/

Taking finance or paying cash for a car should depend on your budget and requirement. A loan for a car is considered a better option as it does not burden your finances and allows you to pay off the cost of the vehicle in easy monthly installments over a certain tenure. If you have a good credit score, you can get a lower interest rate on the second-hand car loan, making the finance option better.