Overview of Vehicle Loan in Dharuhera

Vehicle loans in Dharuhera, a growing industrial hub in Haryana’s Rewari district, provide financing for two-wheelers, cars, and commercial vehicles. In 2025, these loans offer interest rates starting at 6.5% p.a., with loan amounts up to ₹50 lakh, covering up to 90% of the vehicle’s on-road price. Lenders like HDFC Bank, ICICI Bank, and SBI provide tenures from 1 to 7 years. Loanpao simplifies the process for Dharuhera residents with instant eligibility checks, lender comparisons, and online applications.

Eligibility Criteria for Vehicle Loan in Dharuhera

Criteria Details
Applicant Type Salaried or self-employed individuals
Age 21–65 years
Income Minimum ₹15,000/month (salaried) or ₹2 lakh p.a. (self-employed)
Credit Score Above 650 preferred
Vehicle Type Two-wheelers, cars, or commercial vehicles

Documents Required for Vehicle Loan in Dharuhera

  • Identity Proof: Aadhaar Card, PAN Card, or Voter ID.
  • Address Proof: Utility bill, Aadhaar, or rental agreement (Dharuhera address).
  • Income Proof: Salary slips (3 months), ITR, or bank statements (6 months).
  • Vehicle Documents: Proforma invoice or quotation from the dealer.
  • Photograph: Recent passport-sized photo.

Benefits of Vehicle Loan in Dharuhera

  • Loan amounts up to ₹50 lakh, covering 90% of vehicle cost.
  • Competitive interest rates starting at 6.5% p.a. in 2025.
  • Flexible tenures from 1 to 7 years.
  • Quick disbursal within 1–3 days in Dharuhera.
  • Financing for two-wheelers, cars, and commercial vehicles.

Factors Affecting Vehicle Loan in Dharuhera

Interest Rate

Rates range from 6.5% to 12% p.a., based on credit score, income, and vehicle type.

Loan Amount

Up to 90% of the vehicle’s on-road price, depending on lender policies.

Credit Score

Higher scores (above 650) secure lower rates and faster approval.

Vehicle Type

Commercial vehicles may have different rates and tenures than personal vehicles.

How to Apply for a Vehicle Loan in Dharuhera

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

  1. Visit loanpao.in and select "Vehicle Loan in Dharuhera."
  2. Complete the online application form with applicant details (name, Dharuhera address).
  3. Upload required documents (identity, address, income proof).
  4. Submit vehicle details (invoice or quotation).
  5. Receive funds within 1–3 days after approval in Dharuhera.

Loan Eligibility for Vehicle Loan in Dharuhera

Check your eligibility for a vehicle loan in Dharuhera using Loanpao’s tool:

  • Enter applicant details (age, income, Dharuhera address).
  • Provide vehicle details (type, cost).
  • Submit identity, address, and income proof.

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

Check Eligibility Now

Track Your Vehicle Loan Application in Dharuhera

Loanpao offers a user-friendly tracker for your vehicle loan application:

  • Enter your application ID on the Loanpao Tracker page.
  • View real-time updates on status (e.g., document verification, approval).
  • Receive notifications for disbursal updates in Dharuhera.
  • Contact Loanpao support for assistance with delays in Dharuhera.
Track Application Now

Vehicle Loan Comparison in Dharuhera

Compare vehicle loan offers from top lenders in Dharuhera for 2025:

Lender Interest Rate Loan Amount Tenure Processing Fee
HDFC Bank 6.5% p.a. Up to ₹50 lakh 1–7 years 0.4%–1% of loan amount
ICICI Bank 7% p.a. Up to ₹40 lakh 1–6 years 0.5%–1.5% of loan amount
SBI 7.5% p.a. Up to ₹45 lakh 1–7 years 0.5% of loan amount

Frequently Asked Questions

A vehicle loan is financing for purchasing two-wheelers, cars, or commercial vehicles, secured against the vehicle.

Loans are typically disbursed within 1–3 days after document verification in Dharuhera.

Up to ₹50 lakh, covering 90% of the vehicle’s on-road price.

A credit score above 650 is preferred but not mandatory for some lenders.

Yes, many lenders offer loans for used vehicles, subject to vehicle condition and age.