Car Loan Up to ₹50 Lakh
Understand how new car finance works and explore options through our lending partners, subject to eligibility and lender policy.
What is a car loan?
A car loan is a secured loan used to buy a vehicle. The car is hypothecated to the lender until the loan is repaid in monthly instalments (EMIs) made up of principal and interest.
Meta Fintech helps you explore vehicle financing with lending partners. Funding of up to ₹50 Lakh may be available depending on your profile, the car and the lender's policy.
How a new car loan works
Down payment and loan amount
Lenders usually fund a portion of the car's on-road price. The balance is your down payment. A larger down payment generally reduces your EMI and total interest.
Tenure and interest rate
A longer tenure lowers the monthly EMI but increases total interest. The rate offered depends on your credit profile, income, loan amount and the lender.
Car loan eligibility
Lenders typically look at age, stable income, employment or business continuity, credit score and repayment history. Meeting these does not guarantee approval; the final decision rests with the lender.
Documents usually required
Commonly requested documents include identity and address proof, recent income proof or bank statements, PAN, and a vehicle quotation. Requirements vary by lender and applicant profile.
How to apply
Submit the enquiry form or call us. Our team shares your details with suitable lending partners, guides you on documentation and keeps you updated. Try the car loan EMI calculator first, or read about a used car loan.
Frequently Asked Questions
How much car loan can I get?
Financing of up to ₹50 Lakh may be available, subject to your eligibility, the vehicle and the lender's policy.
What documents are required for a car loan?
Typically identity, address and income proof, bank statements and a vehicle quotation. Exact requirements are set by the lender.
Does Meta Fintech approve the loan?
No. Meta Fintech facilitates your enquiry. Approval, interest rate, tenure and final terms are decided by the lender.
Meta Fintech facilitates loan enquiries through applicable lending partners and is not a bank or NBFC. Approval, rate, tenure, amount and documentation are decided by the lender.
Used Car Loan for Pre-Owned Cars
Finance a second hand car with clarity on valuation, tenure and documentation, subject to eligibility and lender policy.
What is a used car loan?
A used car loan, also called pre-owned car finance or a second hand car loan, funds the purchase of a car that has had a previous owner. The car is hypothecated to the lender until repayment.
Vehicle age and valuation
Lenders assess the car's age, condition, make and model, and fund against a valuation rather than the asking price. Older vehicles may see lower funding or shorter tenure.
Eligibility, documents and down payment
Eligibility depends on income, credit profile and repayment history. Documents usually include identity, address and income proof, bank statements and the vehicle's registration details. Down payment is generally higher than for a new car and set by the lender.
Tenure and application process
Tenures are commonly shorter for older cars. Submit an enquiry, share documents and the lender completes valuation and verification. Approval is never assured. Compare with a new car loan or estimate payments with the EMI calculator. Based in Bengaluru? See car loans in Bengaluru.
Frequently Asked Questions
Can I apply for a used car loan?
Yes, you can enquire for pre-owned cars. Eligibility and funding depend on the vehicle and lender policy.
Is the down payment higher for used cars?
Often yes, but it varies by lender, car age and your profile.
Is approval guaranteed for a second hand car loan?
No. Approval and terms are decided by the lender.
Meta Fintech facilitates loan enquiries through applicable lending partners and is not a bank or NBFC. Approval, rate, tenure, amount and documentation are decided by the lender.
Car Refinance & Loan Against Your Existing Car
Unlock funds against a car you already own, subject to valuation, eligibility and lender policy.
What is car refinance?
Car refinance, or a loan against car, lets you raise funds using a car you already own or are still paying for as security. The amount depends on the car's valuation and the lender's policy.
Who may consider it
It may suit those needing funds for business, education or planned expenses. Because the car remains security, missed repayments can put it at risk, so borrow only what you can comfortably repay.
Process and documents
The lender values the car and reviews your income and credit profile. Documents usually include the registration certificate, insurance, identity, address and income proof. Already have a car loan? Read about balance transfer, or see our car loan page.
Frequently Asked Questions
What is car refinance?
It is a loan raised against a car you already own, based on its valuation and lender policy.
How much can I get?
The amount depends on the car's value, age, your profile and the lender. No specific amount is assured.
Who approves the loan?
The lender. Meta Fintech only facilitates your enquiry.
Meta Fintech facilitates loan enquiries through applicable lending partners and is not a bank or NBFC. Approval, rate, tenure, amount and documentation are decided by the lender.
Car Loan Balance Transfer
Move your existing car loan to another lender if it makes financial sense, subject to eligibility and lender terms.
What is a car loan balance transfer?
A balance transfer moves your outstanding car loan to a new lender, often to seek a lower interest rate, a better tenure or additional funds.
Points to check first
Compare the new rate and tenure, and account for foreclosure charges on the existing loan, processing fees and any documentation costs. A lower EMI is not always cheaper overall.
Documents and process
Usually needed are your loan statement, foreclosure letter, registration certificate, identity, address and income proof. Explore car refinance or check numbers with the EMI calculator.
Frequently Asked Questions
Will a balance transfer lower my EMI?
It may, but that depends on the new rate, tenure and charges. Nothing is guaranteed.
Are there charges?
Foreclosure and processing fees may apply, as set by the lenders.
Who approves the transfer?
The new lender decides, based on eligibility and policy.
Meta Fintech facilitates loan enquiries through applicable lending partners and is not a bank or NBFC. Approval, rate, tenure, amount and documentation are decided by the lender.
Car Loan EMI Calculator
Use our car loan EMI calculator to estimate your monthly repayment based on the loan amount, interest rate and tenure.
How car loan EMI is calculated
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate and n the number of months.
Example: a ₹10,00,000 loan at 9.5% for 60 months gives an EMI of about ₹21,000, with total interest near ₹2.6 lakh. This is illustrative only.
What affects your EMI
Loan amount, interest rate and tenure drive the figure. Actual EMI depends on the lender's approved rate, loan amount, tenure and applicable terms. Read about a car loan or used car loan.
Frequently Asked Questions
How is car loan EMI calculated?
Using the loan amount, monthly interest rate and tenure in months with the standard EMI formula.
Is the calculator result final?
No. It is an estimate; the lender's approved terms decide the actual EMI.
Does a longer tenure reduce EMI?
It lowers the monthly EMI but increases total interest paid.
Meta Fintech facilitates loan enquiries through applicable lending partners and is not a bank or NBFC. Approval, rate, tenure, amount and documentation are decided by the lender.
Car Loan in Bengaluru
Local car loan assistance from our Bengaluru office, for new cars, used cars, refinance and balance transfer.
Car loan Bangalore assistance from Meta Fintech
Meta Fintech is located at Sudhama Nagar, Bengaluru, Karnataka 560027. Call +91 77609 67403 or email shylesh@metafintech.in for help with vehicle finance.
We assist with a new car loan, used car loan, car refinance and balance transfer through lending partners.
Things to know when financing a car in Bengaluru
Have identity, address and income documents ready, and check the vehicle's registration and insurance. Address proof, employment type and credit history all influence how lenders assess you. Approval and terms are always set by the lender.
Frequently Asked Questions
Do you offer car loan assistance in Bengaluru?
Yes, our office is at Sudhama Nagar, Bengaluru 560027.
Can I get used car finance in Bengaluru?
You can enquire for pre-owned cars. Eligibility depends on the vehicle and lender policy.
Does Meta Fintech approve the loan?
No. Approval, rate and terms are decided by the lender.
Meta Fintech facilitates loan enquiries through applicable lending partners and is not a bank or NBFC. Approval, rate, tenure, amount and documentation are decided by the lender.
