Don’t Just Dream It, Drive It!
Take the first step toward your new car with a partner you can trust. At Singhal Finco, we make vehicle financing simple, transparent, and incredibly fast.
Apply Now for a Car Loan Get a Free Consultation
With the Indian automotive market expanding rapidly, finding the right new car financing or used car loan can be overwhelming. We simplify the process by offering competitive interest rates, flexible repayment tenures, and a transparent approval system. As your trusted financial partner, Singhal Finco goes beyond just lending; we provide expert guidance to ensure your vehicle finance aligns perfectly with your monthly savings and long-term financial health.
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Key Features & Benefits
A completely digital-friendly process that saves you from endless paperwork.
- High Loan-to-Value (LTV)
- Flexible Repayment Tenure
- Attractive Interest Rates
- Financing for New & Used Cars
- Quick Disbursal
- No Hidden Charges
Eligibility Criteria
To apply for a vehicle loan through Singhal Finco, applicants must meet the following criteria:
Age
Minimum 21 years at the time of application and maximum 65 years at the end of the loan tenure.
Employment Status
Salaried individuals (working with private or public sector firms) and self-employed professionals/business owners.
Minimum Income
A stable monthly income (threshold varies based on the car segment and city).
Work Experience
At least 1 year of continuous employment or 2 years in the same business.
Credit Score
A CIBIL score of 700+ is preferred for the best interest rate offers.
Documents Required
Keep these documents ready for a seamless online car loan application:
Aadhaar Card, PAN Card, Passport, or Voter ID.
Utility bills, Rent Agreement, or Passport.
Last 3 months' salary slips and Form 16.
Last 2 years' ITR and audited balance sheets.
Last 6 months' bank statements showing income credits.
Proforma invoice (for new cars) or RC copy and valuation report (for used cars).
Interest Rates & Charges
At Singhal Finco, we offer customized interest rates based on your credit profile and the type of vehicle you choose. We provide both fixed and floating rate options. While the interest rates are highly competitive, we also ensure that our processing fees are among the lowest in India. We believe in "zero surprises," so every charge—from documentation to stamp duty—is explained to you upfront.
Step-by-Step Application Process
Getting your funds is as easy as 1-2-3:
Use our online tools or speak to an expert to see how much you can borrow.
Fill out the digital form with your personal and vehicle details.
Our team will collect and verify your documents at your convenience.
Receive an official loan offer detailing the interest rate and EMI.
Once you sign the agreement, the loan amount is paid directly to the car dealer.
Why Choose Singhal Finco?
As a premier finance and accounting firm, Singhal Finco offers more than just money; we offer peace of mind.
Trust & Transparency: With years of experience in GST and taxation, we bring a level of professional integrity that is rare in the lending industry.
End-to-End Support: From choosing the right loan to managing the paperwork, our experts guide you at every turn.
Customized EMIs: We help you structure your loan so that the EMIs don’t strain your monthly household budget.
Fast-Track Approvals: We leverage modern technology to reduce wait times, getting you behind the wheel faster.
Frequently Asked Questions (FAQs)
Yes, depending on your credit profile and the specific car model, Singhal Finco offers up to 100% financing on the on-road price.
New car loans typically have lower interest rates and longer tenures. Used car loans are for pre-owned vehicles and are sanctioned based on the car's age and condition.
Yes, you can prepay your loan. While some terms may involve a nominal fee, we offer flexible foreclosure options to help you become debt-free sooner.
The EMI is calculated based on the principal amount, the interest rate, and the loan tenure. Our experts can provide a detailed amortization schedule for you.
In most cases, a guarantor is not required if you meet the income and credit score criteria. However, a co-applicant can help boost your eligibility.
Absolutely. We provide high-value vehicle finance for premium and luxury car brands with customized repayment structures.
