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Smart Choices Deserve Smart Loan - Get yours today

  • Attractive Rate Of Interest
  • Instant Approval
  • Loan amounts up to 50 lakhs
  • Tenure up to 7 years 

Enquire Now

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Your Path to Car Ownership Starts Here!

Why wait to drive your dream car when you can own it today? With Muthoot Capital’s seamless car loan solution, you can secure up to ₹50 lakh with flexible repayment options of up to 7 years. Our competitively low interest rates and no-collateral policy make us stand out. Plus, with minimal documentation and instant KYC, the entire application is fully digital—so your loan can be approved in no time. Get behind the wheel of your dream car with ease and confidence!

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Products Offered in Car Loan

New Car Loan

Helps individuals purchase a brand-new vehicle.

Used Car Loan

Allows individuals to purchase a pre-owned vehicle.

Balance Transfer

Transferring the outstanding loan amount from one lender to another.

Top Up Loan for Existing Customers

Additional loan amount provided by a lender over and above an existing loan.

Refinance

A loan against a car where your vehicle serve as a collateral.

Car Loans

Let us cherish and nurture that trust and ensure that every person who deals with us deals with the confidence that he will not be misguided

Salaried Professionals, Government Employees, Self employed, NRI's & Pensioners
100% Funding*
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Flexible Tenure
Upto

84 Months

Use our Car Loan EMI calculator to know your monthly installment

Use our EMI calculator to know your monthly installment. Select the loan amount, the applicable rate of interest, and tenure. In an instant, you will get the details of the installment, and the total amount payable. It is a free tool which is easy to use and is designed to help you make informed decisions.

Required loan amount
min ₹10,000
max ₹100 Lac
Interest rate
min 10%
max 32%
Tenure up to
1 month
60 months
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Loan Amount
₹ 10,000
Interest Payable
₹ 83

Monthly EMI

₹ 10,083
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Key Benefits & Features of Car Loan

Flexible Repayment

Flexible repayment options, ranging from 12 to 84 months

Special schemes

Special schemes to suit your needs

Attractive interest

We offer attractive interest rates on Car Loans

Quick approval

Get quick approvals with minimum paperwork

Easy documentation

Easy and simple documentation

Hassle free loans

Quick and convenient processing

Who can apply for a Car Loan at Muthoot Capital?

Getting a car loan is simple and straightforward. Here are the basic eligibility criteria you need to meet:

01

Salaried, Self-employed persons, NRI's and Pensioners.
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02

Age between 21 (at the time of application) and 70 (at the end of the loan tenure)
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03

Minimum net income of Rs.1,80,000/- p.a. for salaried profile & Pensioners and Rs. 2,50,000/- p.a. for self-employed profile
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Documents Required for Car Loan

Applying for a Car loan? Ensure you have the following documents ready

Valid Identity Proof

Aadhaar Card, Passport, Voter ID or Driving License

Valid Address Proof

Aadhaar Card, Passport, Voter ID or Driving License

Income Proof

Salary Slips, Bank Statements, ITR, GST Returns or Form 16

Asset Proof

Property Documents, Electricity Bill, Property Tax receipt, Building Tax or Water Bill

Car Loan Interest Rate Charges & Processing Fees

Frequently Asked Questions

Get all your questions answered about Muthoot Car Loan!

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.

Our Client Testimonials

At Muthoot Capital, we believe in giving back to the community. Through impactful initiatives in education, healthcare, and sustainability, we strive to create meaningful change and empower lives across India.

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My name is Deepa S. I have been running a vegetable shop for over 7 years. Unfortunately, due to an unexpected financial crisis, I had to shut down my business temporarily. It was a difficult time, bu...

Deepa S

Deepa S

Region : Kerala
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