What is a Car Loan?
A Car Loan is a secured loan offered by banks and financial institutions to help you purchase a new or used car without dipping into your long-term savings. Instead of paying the entire amount upfront, you can buy your dream car and repay in easy EMIs over a flexible tenure.
The car itself acts as collateral, which makes the loan safe for lenders and convenient for borrowers. With Bharat Finserv, you can compare multiple car loan offers and choose the plan with the lowest interest rates and best features—all in one place.
Features & Benefits of Car Loans (Bharat Finserv)
✔ No Additional Collateral Required
✔ High Loan Amount — Up to 100% Financing
✔ Loans for Used Cars
✔ Flexible Tenure Options
✔ Easy Repayment Methods
✔ Interest Rate Negotiation
Eligibility Criteria for Car Loan
Age: 18 to 75 years
Must be salaried or self-employed
Minimum monthly income: ₹20,000
Minimum 1 year with current employer or business
Minimum 1-year stability at current residence
Clean repayment track record preferred
Documents Required
Identity Proof
PAN Card / Aadhaar Card / Passport
Address Proof
Aadhaar Card / Passport / Voter ID / Ration Card / Driving License
Income Proof
Last 6 months’ bank statements
Salary slips / Form 16 (for salaried)
Previous ITR (for self-employed)
Car Loan EMI Calculator – Bharat Finserv
Your EMI depends on:
Loan amount
Tenure
Interest rate
Processing fees
Higher loan amount or shorter tenure = bigger EMI.
Our EMI Calculator helps you compare repayment options instantly and choose the most affordable one.
Why Apply for a Car Loan Through Bharat Finserv?
✔ Instant, Hassle-Free Process
Skip long queues and paperwork—apply online in minutes.
✔ Complete Transparency
We compare offers neutrally—no commissions or biased recommendations.
✔ Full Privacy Protection
Your personal details are kept fully secure using industry-grade encryption.
✔ One Platform for All Loan Needs
Compare multiple lenders, offers, and features—new cars, used cars, and even bike loans—all in one place.
How to Apply for a Car Loan via Bharat Finserv
Step-by-Step
Visit Bharat Finserv website
Go to Loans → Car Loan
Fill in the eligibility form (income, employment type, loan amount, etc.)
Click “View Plans”
Compare car loan offers from top banks & NBFCs
Select your preferred plan and submit required details
Your application is forwarded to the lender
A bank representative contacts you for verification & next steps
Our customer support team is available 24×7 to assist you throughout the process.