Finance Your Two-Wheeler or Commercial Vehicle in Delhi | Apply with Loanpao
Overview of Vehicle Loan in Delhi
Vehicle loans in Delhi provide affordable financing for purchasing two-wheelers, commercial vehicles, or heavy machinery. In 2025, banks and NBFCs in Delhi offer competitive interest rates, quick disbursal, and flexible repayment options. Loanpao helps you compare lenders, check eligibility, and apply seamlessly for a vehicle loan in Delhi.
Eligibility Criteria for Vehicle Loan in Delhi
Criteria
Details
Age
21 to 60 years
Residency
Must be a resident of Delhi with valid address proof
Income
Minimum ₹15,000 per month (salaried) or ₹2 lakh p.a. (self-employed)
Credit Score
650 or above preferred
Employment
Minimum 1 year of employment or 2 years of business continuity
Documents Required for Vehicle Loan in Delhi
Identity Proof: Aadhaar Card, PAN Card, Voter ID, or Passport.
Address Proof: Utility bill, Aadhaar, or Rental Agreement (Delhi address).
Income Proof: Salary slips (3 months), ITR (2 years), or bank statements (6 months).
Vehicle Documents: Proforma invoice or quotation from the dealer.
Photographs: 2 passport-sized photographs of the applicant.
Benefits of Vehicle Loan in Delhi
Interest rates starting at 8% per annum in 2025.
Loan amounts up to ₹50 lakh for commercial vehicles or ₹5 lakh for two-wheelers.
Flexible repayment tenures from 1 to 5 years.
Up to 90% financing on the vehicle’s on-road price.
Quick disbursal within 1-3 days with Loanpao’s support in Delhi.
Factors Affecting Vehicle Loan in Delhi
Income Stability
Higher and stable income increases loan eligibility and approval chances.
Credit Score
A score above 650 ensures better rates and faster approval.
Vehicle Type
Two-wheelers or commercial vehicles have different loan terms and amounts.
Debt-to-Income Ratio
Lower existing debt improves loan approval odds in Delhi.
How to Apply for a Vehicle Loan in Delhi
Follow these steps to apply for a vehicle loan in Delhi through Loanpao:
Visit loanpao.in and select "Vehicle Loan in Delhi."
Complete the online application form with personal and income details.
Upload required documents (Aadhaar, income proof, vehicle quotation).
Schedule a verification at a Delhi branch or doorstep service.
Get approval and disbursal within 1-3 days.
Loan Eligibility for Vehicle Loan in Delhi
Check your eligibility for a vehicle loan in Delhi with Loanpao’s eligibility tool:
Enter personal details (age, income, employment type).
Provide vehicle details (type, cost).
Include Delhi address proof.
Loanpao will assess your eligibility instantly and guide you through the application process in Delhi.