Car Loan – Best Deals for you!

Owning your dream CAR is easier with easy car loans by Loan Counsellor. Car loan is funded up to 100% of the value of your car.

Loan Counsellor offers uniquely tailored Car Loan products that take the pain and hassle out of buying a car. Flexible, transparent, quick & cost-effective, our Car Loans put the joy back into owning a car.

We realize that owning a car has increasingly become a necessity. But we also realize that the price tag of your dream car may be just outside your immediate grasp. Loan Counsellor Auto Loans are just what you need to bridge the gap

Car Loan in Mumbai

Calculate you EMI

Car Loan Features & Benefits


  • Get 100% funding on your car Value
  • Fixed Interest rates options available for your Car loan.
  • Loans offered from Rs. 1 Lakh onward
  • Calculate your monthly outgo with our Car Loan EMI Calculator
  • Stability in EMI repayment, not affected by fluctuating market rates
  • Convenience of reaching out through Web chat & Toll Free
  • Pay least processing fees & choose the best Bank for Car loan
  • Get Tenure of 7 years for your new car Loan
  • Banking surrogate schemes available
  • Lowest down payment and best deals for customers
  • Car Loan Services are offered in Mumbai, Navi Mumbai & Thane Region.
  • Auto loans available for salaried and self-employed individuals, proprietorships, HUF, Partnership firms, Limited Liability Partnership Firms, Trusts, Societies and Companies.

List of Documents Required


KYC Documents

  • Photographs
  • Identity Proof
  • Address Proof
  • Age Proof

Bank Statements

  • Last 6 Months where salary is credited

Income Proof

  • Salary Slip of last 3 Months
  • Form 16 of last 2 years

Other Documentation

  • Employment Stability Proof

KYC Documents

  • Photographs
  • Identity Proof
  • Address Proof
  • Age Proof

Bank Statements

  • Last 12 months of Current & Savings Account

Income Proof

  • Income Tax Returns of 2 previous financial years.

Other Documentation

  • Business Stability proof / Ownership proof, Partnership deed and Letter signed by all partners authorising one partner, Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association

KYC Documents

  • Photographs
  • Identity Proof
  • Address Proof
  • Age Proof

Bank Statements

  • Last 12 months of Current & Savings Account

Income Proof

  • Income Tax returns of 2 previous financial years along with complete financial/audit report.

Other Documentation

  • Business Stability proof / Ownership proof, Partnership deed and Letter signed by all partners authorising one partner, Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association

Car Loan FAQ’s


You can click on apply now tab and fill in the details our representatives will call you shortly to fix up a meeting to process the loan further. You can also call on our toll free number 1-800-123-5626.
A lot of financial institutions offer up to 90 per cent of the car value as auto loan. However, the final value might differ with Bank. Factors considered are such as vehicle cost, type & value in second hand market while deciding the amount of loan to offer. Some Banks might even lend 100 per cent of the car value.
Yes, They can be negotiated. If you are loyal customer to a Bank and have made regular payments for previous loan(s), they might consider and revise the existing interest rate for you.
There are two types of interest rate offered – fixed and floating just like a home loan. You can choose the Bank which offers the one you need.
  • Application
  • Processing
  • Documentation
  • Spouse’s income
  • Sanctioning of the Loan
  • Disbursement
There are chances of your loan application getting rejected if you have a bad CIBIL score. This might happen if you have applied for loans/credit cards multiple times, defaulted on EMI payments, etc. If this is the first loan application, other factors such as income, organization, etc. will be considered.
You can pay EMIs either through post-dated cheques or request the Bank to debit your account every month through ECS (electronic clearing system) option. In car loans, though you are not allowed to make part payments, you can pre-pay the entire loan after 6 months to 1 year. However, make sure you check with your Bank upon this rule. If you pre-pay before this period, there will be a penalty of 2-4 per cent on the outstanding amount.
You need to make EMI payments regularly. Most of the Banks allow you to miss one or two payments. However, beyond that you may be treated as a defaulter. They would have the authority to seize your vehicle. Also, in case you default on the payment, your credit score will also take a hit and reduce your chances of loan eligibility in the future.
Yes, financial institutions offer loans to purchase used or second hand cars. However, interest rates would be slightly higher for such vehicles. Other factors such as repayment capacity, car value, etc. would be considered as they do for a new vehicle.