With new car models, rising fuel choices, and evolving loan structures, Vizzve Finance helps you confidently navigate the car loan landscape in 2025. Whether it’s your first car or a luxury upgrade, smart financing is key.
Let’s explore the latest car loan interest rates, eligibility, and Vizzve’s expert-backed tips before you apply.
Car Loan Interest Rates in 2025 (India)
Interest rates in 2025 range between 7.5% and 11.5%, depending on:
Vehicle type (petrol, diesel, EV, hybrid)
Loan amount & tenure
Your credit score & income
Chosen bank or NBFC
| Lender Type | New Car Loan Rate | Used Car Loan Rate |
|---|---|---|
| Public Sector Bank | 7.5% – 9.5% | 11% – 14% |
| Private Banks | 8% – 10.5% | 12% – 15% |
| NBFCs | 9% – 12% | 13% – 16% |
| Vizzve Finance | Starts at 7.25% | Starts at 10.75% |
🟢 Exclusive Vizzve Offer: Get pre-approved with your CIBIL score in 3 minutes.
✅ Eligibility Criteria – Vizzve Makes It Simple
Most car loan providers in 2025 require:
Age: 21 to 60 years
Income: ₹20,000/month (salaried) or ITR proof (self-employed)
Credit score: Preferably 700+
Minimum 1-year job or 2+ years in business
📌 Apply via Vizzve Finance and get instant eligibility checks, even with thin credit files or new-to-credit status.
Documents Required (Vizzve's Smart Upload System)
PAN + Aadhaar
Latest 3 months salary slips or ITR
6-month bank statement
Proforma invoice from car dealer
Passport-size photo
💡 Use Vizzve’s paperless upload system and get verified in hours, not days.
EMI & Down Payment – Use Vizzve’s Calculator
Up to 100% financing for select models
Down payment: Usually 10%–20%
Loan tenure: 1 to 7 years
Prepayment allowed after 6 months
📊 Try the Vizzve EMI Calculator:
Loan: ₹9,00,000 | Interest: 8.9% | Tenure: 5 yrs
Monthly EMI: ₹18,654 | Total Interest: ₹2.19 lakh
🔁 New vs Used Car Loans – Vizzve’s Quick Comparison
| Factor | New Car Loan | Used Car Loan |
|---|---|---|
| Rate of Interest | 7.25% – 10% | 10.75% – 14% |
| LTV Ratio | Up to 100% | Up to 80% |
| Tenure | Up to 7 years | Up to 5 years |
| Processing Time | 1–2 days via Vizzve | 2–4 days (RC check needed) |
💡 Vizzve Tip: For used cars, go for models under 5 years with service history.
⚡ Special EV Loan Offers with Vizzve Finance (2025)
EV adoption is growing, and so are EV loan deals.
Lower rates for EVs
Zero processing fee offers
Extended repayment tenure
Green loan subsidies (state-specific)
📌 Vizzve EV Loan Plans start at 6.9% for new electric vehicles.
🧠 Vizzve’s Smart Tips Before You Apply
Check CIBIL Score Free via Vizzve
Compare rates across banks with Vizzve’s smart engine
Choose EMI that’s ≤15% of monthly income
Avoid balloon EMI traps on short tenure loans
Consider zero down payment only if absolutely necessary
❓ FAQs – Vizzve Answers All
Q1. Can I get 100% car loan with Vizzve Finance?
Yes, for select models and profiles. Vizzve checks eligibility instantly.
Q2. Is there a prepayment penalty?
Not with Vizzve’s zero-penalty partner loans after 6 months.
Q3. Is it cheaper to lease or take a car loan?
Loans are better for long-term use. Vizzve offers side-by-side comparisons.
Q4. Can I apply online with Vizzve?
Absolutely. Get pre-approved, compare offers, and submit documents—all digitally.
Conclusion: Hit the Road with Confidence – Vizzve Has You Covered
A car loan is a big financial step—Vizzve Finance makes it easy, fast, and smart.
Whether you're buying new, used, or going electric, our intelligent platform matches you with the best loan offers, tailored to your profile.
Apply now with Vizzve and get:
Pre-approved in minutes
Lowest rates across trusted lenders
Transparent EMIs, no hidden charges
Dedicated support till your car is in your garage
Published on 3rd july
Published : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.