Realize your automotive dream with our comprehensive financing solutions tailored for vehicle purchases
Make your dream car a reality with our leading car loan services. THAWA Financial Services Private Limited has partnered with various banks providing simple and hassle-free auto financing. Secure car loans with numerous benefits, including low interest rates and flexible EMIs to make your payments more manageable over a comfortable tenure.
Specialized loans for both new and pre-owned vehicles with tailored terms to match your needs.
Access auto financing at highly competitive interest rates from our partner banks.
Get your loan approved and disbursed quickly with minimal documentation requirements.
Compare and choose from the best car loan options - April 2026, T&C Apply
Learn about who qualifies for a car loan and what documents you'll need to apply
Car loan eligibility primarily depends on the income and repayment capacity of the applicant(s). Several factors determine car loan eligibility:
Get answers to common questions about car loans
The maximum loan amount depends on your income, repayment capacity, and credit profile. Most banks offer up to 80-90% of the on-road price for new cars and 70-80% for used cars. The exact amount will be determined after evaluating your financial credentials and the car you wish to purchase.
Car loans typically come with tenure options ranging from 1 to 7 years. New car loans often have longer tenure options, while used car loans may have shorter tenures based on the age of the vehicle. Choosing a longer tenure reduces your monthly EMI but increases the total interest paid over the loan period.
Yes, most banks and financial institutions offer loans for used cars. However, there may be certain conditions such as age restrictions on the vehicle (typically not more than 7-10 years old by the end of the loan tenure), minimum loan amount, higher interest rates, and shorter loan tenures compared to new car loans.
Car loan interest rates are determined based on several factors including your credit score, income level, employment stability, loan amount, loan tenure, type of car (new or used), and the bank's prevailing rate policies. Maintaining a good credit score (above 750) generally helps in securing the most favorable interest rates.
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