Vehicle Loan in Bhiwadi 2025

Overview of Vehicle Loan in Bhiwadi

Bhiwadi, a bustling industrial hub in Rajasthan’s Alwar district within the NCR, offers vehicle loans for two-wheelers, commercial vehicles, and more. These loans cater to salaried individuals, self-employed professionals, and businesses, with loan amounts ranging from ₹50,000 to ₹50 lakh. Interest rates start at 8.5% p.a., and lenders like Bajaj Finance, SBI, and HDFC Bank provide quick disbursal within 1–3 days. Loanpao streamlines the process with online applications and eligibility checks tailored for Bhiwadi residents.

Eligibility Criteria for Vehicle Loan in Bhiwadi

Criteria	Details
Age	21–60 years (salaried), 21–65 years (self-employed)
Income	Minimum ₹15,000/month (salaried), ₹2 lakh/year (self-employed)
Residency	Permanent resident of Bhiwadi with valid address proof
Credit Score	Preferably 700+; lower scores may qualify with higher rates
Vehicle Type	Two-wheelers, commercial vehicles (new or used)

Documents Required for Vehicle Loan in Bhiwadi

• Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID.
• Address Proof: Utility bill, Aadhaar, or rental agreement (Bhiwadi address).
• Income Proof: Salary slips (3 months), ITR (2 years), bank statements (6 months).
• Vehicle Documents: Proforma invoice, RC (for used vehicles).
• Photograph: Two recent passport-size photographs.

Benefits of Vehicle Loan in Bhiwadi

• Loan amounts from ₹50,000 to ₹50 lakh for diverse vehicle types.
• Competitive interest rates starting at 8.5% p.a. in 2025.
• Flexible repayment tenures from 1 to 7 years.
• Fast disbursal within 1–3 days in Bhiwadi.
• Up to 100% financing for two-wheelers and 90% for commercial vehicles.

Factors Affecting Vehicle Loan in Bhiwadi

Credit Score

Higher scores (700+) secure lower interest rates in Bhiwadi.

Vehicle Type

Two-wheelers have lower rates; commercial vehicles may require higher down payments.

Income Stability

Stable income ensures better loan terms from lenders in Bhiwadi.

Lender Policies

NBFCs like Bajaj Finance may offer faster approvals than banks like SBI.

How to Apply for a Vehicle Loan in Bhiwadi

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

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

Apply Now

Loan Eligibility for Vehicle Loan in Bhiwadi

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

• Enter personal details (age, income, Bhiwadi address).
• Specify vehicle type (two-wheeler, commercial vehicle).
• Provide income proof and credit score details.
• Include address proof for localized offers in Bhiwadi.

Loanpao will evaluate your eligibility and recommend the best vehicle loan offers in Bhiwadi.

Check Eligibility Now

Track Your Vehicle Loan Application in Bhiwadi

Loanpao offers a seamless tracker for your vehicle loan application:

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

Track Application Now

Vehicle Loan Comparison in Bhiwadi

Compare vehicle loan offers from top lenders in Bhiwadi:

Lender	Interest Rate	Loan Amount	Tenure	Processing Fee
Bajaj Finance	8.5% p.a.	₹50,000–₹15 lakh	1–4 years	1–2% of loan amount
SBI	9.0% p.a.	₹1 lakh–₹50 lakh	1–7 years	0.5–1% of loan amount
HDFC Bank	8.8% p.a.	₹75,000–₹25 lakh	1–5 years	0.5–1.5% of loan amount

Frequently Asked Questions

Related Pages