Auto Loan

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Auto Loan

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What is the meaning of auto loan?

In direct lending, you get a loan directly from a bank, finance company, or credit union. You agree to pay, over a period of time, the amount financed, plus a finance charge. Once you enter into a contract with a dealership to buy a vehicle, you use the loan from the direct lender to pay for the vehicle.

What do you need to get a loan for a car?

Here's what you'll need to qualify:

  1. Proof of income. In order to qualify for a car loan, you'll need to prove that you have a steady source of income. ...
  2. Proof of insurance. ...
  3. Proof of identity. ...
  4. Proof of residence. ...
  5. Trade-in documentation (if applicable). ...
  6. See what kind of interest rates you can get 

What you need to know about financing a car?

Here's what I recommend:

  1. Understand your credit score before you go to the dealership.
  2. If your credit isn't perfect, get financing quotes before you go.
  3. Keep the term as short as you can afford.
  4. Put 20 percent down.
  5. Pay for taxes, fees, and “extras” with cash.
  6. When to refinance a car loan.

Can you get financing for a used car?

It is easier to get a used car loan if you are buying from a dealer. It doesn't matter if it is a dedicated used car dealership or a dealer that has a used car department. Banks see less risk in this type of lending. Therefore, you will have more options when financing a used car.

Can you get a loan for a car without a job?

When trying to go for car financing without a job it will need a down payment. ... Some lenders will require a down payment of 30% or more before granting a loan to some one who is unemployed however. So be prepared to pay a little more for the down payment if you do not have a job or a regular source of income.

List of auto loan providers bank in India


  • Abu Dhabi Commercial Bank
  • Bank Bank Of Baroda 
  • Barclays Bank
  • Allahabad Bank
  • Bank Of India
  • Canara Bank 
  • Bajaj Finserv
  • Bank Of Maharashtra 
  • Catholic Bank Syrian Bank 
  • Central Bank Of India
  • Corporation Bank 
  • Deutsche Bank
  • Chinatrust Commercial Bank
  • DBS Bank
  • Development Credit Bank
  • City Union Bank
  • Dcb Bank
  • Dhanalakshmi Bank
  • Exim Bank
  • IDBI Bank
  • IOB
  • Ge Bank Money
  • Indian Bank
  • Jammu Kashmir Bank
  • Hsbc Bank
  • Indusind Bank
  • Karnataka Bank
  • Karur Vysya Bank
  • Nainital Bank
  • Punjab National Bank
  • Kotak Bank
  • Oriental Bank
  • Ratnakar Bank
  • Lakshmi Vilas Bank
  • Punjab And Sind Bank
  • Reliance
  • Royal Bank Of Scotland
  • South Indian Bank
  • State Bank Of Mysore
  • SBI
  • State Bank Of Bikaner Jaipur
  • State Bank Of Patiala
  • Sidbi
  • State Bank Of Hyderabad
  • State Bank Of Travancore
  • PNB
  • Saraswat Bank
  • Cosmos Bank
  • Syndicate Bank
  • Union Bank
  • Yes Bank
  • Tamilnad Mercantile Bank
  • United Bank
  • Axis Bank
  • Uco Bank
  • Vijaya Bank
  • Federal Bank
  • HDFC Bank
  • Andhra Bank
  • Magma
  • ICICI Bank
  • Dena Bank
  • L&T Finance


Auto Finance Companies

  • Audi Finance
  • L-And-T Finance
  • Renault Finance
  • Cholamandalam Finance
  • Mahindra Finance
  • Skoda Finance
  • Ford Finance
  • Maruti Finance
  • Shriram Finance
  • Sundaram-Car Finance
  • Toyota Finance
  • Volkswagen Finance
  • Tata Financ


Used Car Loan Banks

  • SBI
  • Bank of Baroda 
  • Canara Bank
  • Allahabad Bank
  • Bank of India
  • Central Bank of India 
  • Andhra Bank
  • Bank of Maharashtra 
  • Dhanalakshmi Bank
  • Federal Bank
  • Karur Vysya Bank
  • Nainital Bank
  • Jammu and Kashmir Bank
  • Kotak Mahindra Bank 
  • Oriental Bank of Commerce
  • Karnataka Bank
  • Magma
  • PNB
  • State Bank of Mysore 
  • TamilNad Mercantile Bank
  • Vijaya Bank
  • State Bank of Patiala
  • Union Bank of India 
  • HDFC
  • Syndicate Bank 
  • UCO Bank
  • Axis Bank
  • Dena Bank
  • State Bank of Hyderabad
  • TVS
  • Lakshmi Vilas Bank
  • State Bank of Travancore
  • IndusInd Bank
  • State Bank of Bikaner and Jaipur 
  • United Bank of India
  • Capital First