Car Loan

Car Loan in Coimbatore

Drive your dream car today with competitive interest rates, quick approval, and flexible EMI options. New or used car — we have you covered.

15+
Years Experience
500+
Loans Disbursed
₹5 Crore
Collateral-Free Limit
48 hours
Avg. Approval Time

About Car Loan in Coimbatore

Buying a car is an exciting milestone. With Universes, you get access to the best car loan deals from leading banks and NBFCs in Coimbatore. We compare rates across 15+ lenders to ensure you get the most affordable EMI.

Whether you're buying your first car, upgrading to a premium model, or financing a pre-owned vehicle, our team handles the entire process — from eligibility check to disbursal.

We also specialise in commercial vehicle loans for businesses that need trucks, tempos, or fleet vehicles. Our lender network includes specialists in commercial vehicle financing.

Benefits & Features

Competitive interest rates from 8.75% p.a.
100% on-road financing available
Quick approval within 24 hours
Flexible tenure from 1 to 7 years
New and used car financing
Minimal documentation
Doorstep service
No hidden charges

Eligibility & Documents Required

Eligibility Criteria

  • Salaried individuals with minimum 1 year of employment
  • Self-employed with 2+ years of business operations
  • Age: 21 to 65 years
  • Minimum monthly income: ₹20,000
  • CIBIL score of 650 or above (preferred)
  • Valid driving license (preferred)

Documents Required

  • KYC documents (Aadhaar, PAN, Passport)
  • Last 3 months salary slips (salaried)
  • Last 2 years ITR (self-employed)
  • Last 6 months bank statements
  • Vehicle quotation / Proforma invoice
  • Passport-size photographs
  • Driving license

Interest Rates & Loan Details

Loan Type
Interest Rate
Max Tenure
Max Amount
New Car Loan
8.75% onwards
Up to 7 years
Up to ₹1 Crore
Used Car Loan
10% onwards
Up to 5 years
Up to ₹50 Lakh
Commercial Vehicle
10% onwards
Up to 5 years
Up to ₹1 Crore

*Interest rates are indicative and may vary based on profile, credit score, and lender terms.

Frequently Asked Questions

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