Overview of Vehicle Loan in Manesar
Vehicle loans in Manesar provide financing for two-wheelers, commercial vehicles, or other transport vehicles. In 2025, lenders like Bajaj Finance, SBI, and HDFC Bank offer vehicle loans in Manesar with interest rates starting at 8% per annum. Loanpao helps you compare offers, check eligibility, and apply seamlessly for a vehicle loan tailored to your needs in Manesar.
Eligibility Criteria for Vehicle Loan in Manesar
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Income | Minimum ₹15,000/month (salaried) or ₹2 lakh/year (self-employed) |
| Residency | Resident of India with valid address proof in Manesar |
| Employment | Minimum 1 year in current job or 2 years in business |
| Credit Score | Above 650 preferred |
Documents Required for Vehicle Loan in Manesar
- Identity Proof: Aadhaar Card, PAN Card, or Passport.
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Manesar address).
- Income Proof: Salary slips (3 months), ITR (2 years), or bank statements (6 months).
- Vehicle Documents: Quotation or proforma invoice of the vehicle.
- Photographs: 2 passport-sized photographs.
Benefits of Vehicle Loan in Manesar
- Competitive interest rates starting at 8% per annum in 2025.
- Loan amounts up to ₹10 lakh for two-wheelers and ₹50 lakh for commercial vehicles.
- Quick disbursal within 1-3 days in Manesar.
- Flexible repayment tenure of 1 to 5 years.
- Financing up to 90% of the vehicle’s on-road price.
Factors Affecting Vehicle Loan in Manesar
Interest Rate
Rates range from 8% to 14%, depending on credit score and lender.
Loan Amount
Up to 90% of the vehicle’s value, capped at ₹50 lakh in Manesar.
Credit Score
A score above 650 ensures better rates and approval chances.
Vehicle Type
Two-wheelers have lower rates; commercial vehicles may require higher income proof.
How to Apply for a Vehicle Loan in Manesar
Follow these steps to apply for a vehicle loan in Manesar through Loanpao:
- Visit loanpao.in and select "Vehicle Loan in Manesar."
- Fill out the online application form with your details (name, Manesar address, income).
- Upload required documents (Aadhaar, income proof, vehicle quotation).
- Choose a lender and vehicle type (two-wheeler or commercial).
- Get approval and funds disbursed within 1-3 days in Manesar.
Loan Eligibility for Vehicle Loan in Manesar
Check your eligibility for a vehicle loan in Manesar with Loanpao’s eligibility tool:
- Confirm you are aged 21 to 65 years.
- Enter income details (₹15,000/month or ₹2 lakh/year).
- Provide a valid Manesar address.
- Check credit score (above 650 preferred).
Loanpao will instantly assess your eligibility and suggest the best vehicle loan offers in Manesar.
Check Eligibility NowTrack Your Vehicle Loan Application in Manesar
Loanpao provides a seamless tracker for your vehicle loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on your application status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Manesar.
- Contact Loanpao support for assistance with delays in Manesar.
Vehicle Loan Comparison in Manesar
Compare vehicle loan offers from top lenders in Manesar:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Bajaj Finance | 8% p.a. | Up to ₹10 lakh | 1 to 4 years | 1% of loan amount |
| SBI | 8.5% p.a. | Up to ₹25 lakh | 1 to 5 years | 0.5% of loan amount |
| HDFC Bank | 9% p.a. | Up to ₹50 lakh | 1 to 5 years | 1.5% of loan amount |
Frequently Asked Questions
You can finance two-wheelers (bikes, scooters) or commercial vehicles (trucks, taxis) with a vehicle loan in Manesar.
Interest rates for vehicle loans in Manesar start at 8% per annum, depending on the lender.
Vehicle loans in Manesar can be disbursed within 1-3 days after application.
A credit score above 650 is preferred for better rates, but some lenders may approve with lower scores.
The maximum tenure for a vehicle loan in Manesar is up to 5 years.
Yes, most lenders in Manesar allow prepayment with minimal charges after 6 months.
Missing an EMI can lead to late fees, vehicle repossession, and a negative impact on your credit score.
Top lenders in Manesar for vehicle loans include Bajaj Finance, SBI, and HDFC Bank, offering low rates and quick disbursal.
Yes, Loanpao offers a fully online application process for vehicle loans in Manesar.
The maximum loan amount is up to ₹50 lakh for commercial vehicles and ₹10 lakh for two-wheelers in Manesar.