Auto Loan
Need a car but don’t want the financial stress? Early Grow makes it easy with flexible auto loans, low interest rates, and a quick approval process. Whether you're buying a new or used car, we help you get the best deal with minimal paperwork and easy repayment options.
Why Choose Early Grow Auto Loan?
- Low interest rates – Keep your EMIs affordable.
- Quick approvals – So you don’t have to wait.
- Flexible repayment plans – Choose an EMI that suits your budget.
- Simple documentation – Hassle-free and stress-free process.
- Loans for both new and used cars – Financing options for all car types.
Who Can Apply?
To qualify for an Early Grow auto loan, you need to:
- Be at least 21 years old.
- Have a stable income (salaried or self-employed).
- Maintain a decent credit score.
- Be an Indian resident with valid ID proof.
Documents You’ll Need
- ID Proof – Aadhaar Card, PAN Card, or Passport.
- Address Proof – Utility Bill, Voter ID, or Rental Agreement.
- Income Proof – Salary Slips (for salaried) or ITR (for self-employed).
- Bank Statements – Last 6 months' statement.
- Car Details – Quotation or invoice from the dealer (for new cars).
How to Apply
- Check eligibility – Do it online or visit a nearby Early Grow branch.
- Submit documents – Fill out the application and provide required paperwork.
- Get approval – We process loans quickly so you don’t have to wait.
- Sign the agreement – Finalize the loan details and receive the funds.
- Drive your car home – We take care of the financing so you can focus on the road ahead.
New and Used Vehicles
- Cars
- SUVs
- Trucks
- Motorcycles
- Commercial vehicles
Auto Loan Features
- Loan Amount: Up to 90% of vehicle value
- Interest Rate: 8-18% per annum (varies)
- Repayment Tenure: 12-84 months (varies)
- Collateral: Vehicle serves as security
- Down Payment: Typically 10-20% of vehicle value
Types of Auto Loans
- Personal Car Loan
- Commercial Vehicle Loan
- Two-Wheeler Loan
- Car Loan Balance Transfer
- Auto Refinancing
Auto Loan Benefits
- Affordable EMIs
- Quick disbursal
- Flexible repayment tenure
- Tax benefits (interest deduction)
- Easy application process
Popular Auto Loan Providers
- State Bank of India (SBI)
- HDFC Bank
- ICICI Bank
- Axis Bank
- Tata Capital
- Bajaj Finance
- Lendingkart
- Capital Float
Auto Loan Interest Rates (approximate)
- SBI: 8.5-12.5%
- HDFC Bank: 9-14%
- ICICI Bank: 9.5-15%
- Axis Bank: 9-14%
Auto Loan Calculator
To estimate EMIs, use online calculators or consult with lenders.
Before applying for an auto loan, compare lenders, interest rates, and terms
to find the best fit for your financial situation.
Apply Today
Why wait? Apply for an Early Grow auto loan now and get a step closer to owning your car. It’s fast, simple, and designed to make car ownership easy.
Book a Free Consultation Now
Frequently Asked Questions (FAQs)
How much loan can I get for buying a car?
The loan amount depends on your income, credit score, and the car's price. Early Grow offers flexible financing options to help you buy your dream car.
Can I get an auto loan with a low credit score?
Yes, you may still qualify. A good credit score helps, but we also consider your income and financial history before making a decision.
Do I need to make a down payment?
Most auto loans require a down payment. The amount varies based on the car's price and your credit profile. Paying more upfront can lower your monthly EMI.
Can I repay my loan early? Will there be any extra charges?
Yes, you can repay your loan before the tenure ends. Early Grow does not charge prepayment penalties, so you can close your loan anytime without extra costs.
How long can I take to repay my loan?
You can choose a repayment period between 1 to 7 years depending on what works best for your budget.
How is my interest rate decided?
Your interest rate depends on factors like your credit score, loan amount, and repayment period. We offer competitive rates to make your EMIs affordable.
What happens if I miss an EMI payment?
Missing an EMI could lead to late fees and affect your credit score. If you’re facing payment issues, contact us as soon as possible so we can help.
Can I get a loan for a used car?
Yes, we offer loans for both new and used cars. Our financing options make it easy to own a certified pre-owned vehicle.
How long does loan approval take?
Our process is fast. If all your documents are in order, you can get loan approval within a few hours.
Do I need car insurance before getting a loan?
Yes, insurance is required before the loan is disbursed. It protects both you and the lender.
