Vehicle Loan in Alwar, Rajasthan 2025

Overview of Vehicle Loan in Alwar, Rajasthan

Vehicle loans in Alwar, Rajasthan, provide financing for cars, bikes, and commercial vehicles like trucks and autos. In 2025, these loans offer interest rates starting at 7% p.a., with loan amounts up to ₹50 lakh based on vehicle cost and repayment capacity. Lenders like HDFC Bank, ICICI Bank, and SBI provide tenures up to 7 years. Loanpao helps Alwar residents compare vehicle loan offers, check eligibility, and apply online for quick disbursal.

Eligibility Criteria for Vehicle Loan in Alwar

Criteria	Details
Age	21–65 years
Income	Minimum ₹15,000/month (salaried) or ₹2 lakh p.a. (self-employed)
Employment	1 year (salaried) or 2 years (self-employed)
Residence	Valid Alwar address proof
Credit Score	Preferably above 700

Documents Required for Vehicle 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) or ITR (last 2 years).
• Bank Statement: Last 6 months’ statements.
• Vehicle Documents: Proforma invoice or quotation from dealer.
• Photographs: 2 passport-sized photos.

Benefits of Vehicle Loan in Alwar

• Loan amounts up to ₹50 lakh for vehicles in Alwar.
• Low interest rates starting at 7% p.a. in 2025.
• Flexible tenures up to 7 years for easy EMIs.
• Quick disbursal within 2–5 days in Alwar.
• Financing for cars, bikes, and commercial vehicles.

Factors Affecting Vehicle Loan in Alwar

Vehicle Type

Cars and commercial vehicles get higher loan amounts than bikes.

Interest Rate

Rates range from 7% to 12% p.a., based on credit score and lender.

Loan-to-Value (LTV) Ratio

Up to 90% of vehicle cost for new vehicles in Alwar.

Credit Score

Scores above 700 ensure better rates and faster approval.

How to Apply for a Vehicle Loan in Alwar

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

1. Visit loanpao.in and select "Vehicle Loan in Alwar, Rajasthan."
2. Fill out the online application form with personal and vehicle details.
3. Upload required documents (Aadhaar, income proof, vehicle quotation).
4. Compare offers from Alwar lenders like HDFC Bank and SBI.
5. Get approval and funds disbursed within 2–5 days in Alwar.

Apply Now

Loan Eligibility for Vehicle Loan in Alwar

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

• Confirm age (21–65 years).
• Verify income (₹15,000/month for salaried or ₹2 lakh p.a. for self-employed).
• Provide Alwar address proof.
• Check credit score (preferably above 700).
• Submit vehicle details (car, bike, or commercial vehicle).

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

Check Eligibility Now

Track Your Vehicle Loan Application in Alwar

Loanpao provides a seamless tracker for your vehicle 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

Vehicle Loan Comparison in Alwar

Compare vehicle loan offers from top lenders in Alwar:

Lender	Interest Rate	Loan Amount	Tenure	Processing Fee
HDFC Bank	7.0% p.a.	Up to ₹50 lakh	Up to 7 years	0.5% of loan amount
ICICI Bank	7.5% p.a.	Up to ₹40 lakh	Up to 6 years	0.75% of loan amount
SBI	8.0% p.a.	Up to ₹30 lakh	Up to 7 years	1% of loan amount

Frequently Asked Questions

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