Overview of Car Loan in Alwar, Rajasthan

Car loans in Alwar, Rajasthan, make owning a new or used car easier with affordable financing options. In 2025, car loans offer interest rates starting at 7.5% p.a., with loan amounts up to 90% of the car’s on-road price. Lenders like HDFC Bank, SBI, and Axis Bank provide flexible tenures up to 7 years. Loanpao helps Alwar residents compare car loan offers, check eligibility, and apply online for quick disbursal, catering to both salaried and self-employed individuals.

Eligibility Criteria for Car Loan in Alwar

Criteria Details
Age 21–65 years
Income Minimum ₹20,000 monthly (salaried) or ₹2.5 lakh p.a. (self-employed)
Credit Score Minimum 700; higher scores improve terms
Employment Minimum 1 year (salaried) or 2 years (self-employed)
Residence Valid Alwar address proof

Documents Required for Car Loan in Alwar

  • Identity Proof: Aadhaar, PAN Card, or Voter ID.
  • Address Proof: Utility bill, Aadhaar, or rental agreement (Alwar address).
  • Income Proof: Salary slips (last 3 months), ITR (last 2 years).
  • Employment Proof: Appointment letter or business registration.
  • Car Documents: Proforma invoice, car quotation, or dealer agreement.
  • Bank Statement: Last 6 months’ bank statements.

Benefits of Car Loan in Alwar

  • Loan amounts up to 90% of the car’s on-road price.
  • Competitive interest rates starting at 7.5% p.a. in 2025.
  • Flexible repayment tenures up to 7 years.
  • Financing for both new and used cars in Alwar.
  • Quick disbursal within 1–3 days for approved loans.

Factors Affecting Car Loan in Alwar

Interest Rate

Rates range from 7.5% to 14% p.a., based on credit score, income, and car type.

Loan Amount

Up to 90% of the car’s value, depending on income and repayment capacity.

Credit Score

A score above 700 ensures better rates; lower scores may increase costs.

Car Type

New cars often get lower rates; used cars may have higher rates in Alwar.

How to Apply for a Car Loan in Alwar

Follow these steps to apply for a car loan in Alwar through Loanpao:

  1. Visit loanpao.in and select "Car Loan in Alwar, Rajasthan."
  2. Fill out the online application form with details (name, Alwar address, income).
  3. Upload required documents (Aadhaar, salary slips, car quotation).
  4. Compare offers from top Alwar lenders like HDFC Bank, SBI, and Axis Bank.
  5. Get approval and funds disbursed within 1–3 days in Alwar.

Loan Eligibility for Car Loan in Alwar

Check your eligibility for a car loan in Alwar with Loanpao’s tool:

  • Enter your monthly income (minimum ₹20,000 for salaried).
  • Provide your credit score (preferably above 700).
  • Specify employment details (minimum 1 year for salaried).
  • Include your Alwar address and car details for localized offers.

Loanpao will assess your eligibility and suggest the best car loan offers in Alwar.

Check Eligibility Now

Track Your Car Loan Application in Alwar

Loanpao provides a seamless tracker for your car loan application:

  • Submit your application ID on the Loanpao Tracker page.
  • Get real-time updates on status (e.g., under review, approved, disbursed).
  • Receive notifications for disbursal updates in Alwar.
  • Contact Loanpao support for assistance with delays in Alwar.
Track Application Now

Car Loan Comparison in Alwar

Compare car loan offers from top lenders in Alwar:

Lender Interest Rate Loan Amount Tenure Processing Fee
HDFC Bank 7.5% p.a. Up to 90% of car value Up to 7 years 0.5% of loan amount
SBI 8.0% p.a. Up to 85% of car value Up to 7 years 0.75% of loan amount
Axis Bank 8.5% p.a. Up to 90% of car value Up to 6 years 1% of loan amount

Frequently Asked Questions

A minimum monthly income of ₹20,000 (salaried) or ₹2.5 lakh p.a. (self-employed) is required.

Car loans in Alwar are disbursed within 1–3 days after document verification.

The maximum loan amount is up to 90% of the car’s on-road price, based on income and credit profile.

Yes, car loans for used cars are available in Alwar, with slightly higher interest rates.

Missing an EMI may incur late fees and negatively impact your credit score.