Vizzve Financials Rolls Out Low-Interest Car Loans to Drive Vehicle Ownership in Tier-2 Cities
India’s leading digital-first NBFC, Vizzve Financials, has launched a low-interest car loan initiative aimed at boosting vehicle ownership in Tier-2 and Tier-3 cities. With interest rates starting at just 8.25% per annum, this move is expected to enable thousands of aspirational households to make the leap from two-wheelers to four-wheelers.
The campaign, titled "Drive with Dignity", aligns with Vizzve’s vision to offer accessible credit across semi-urban and emerging economic zones, where demand for personal mobility is growing post-COVID recovery and rising rural incomes.
🚗 Key Features of Vizzve’s Car Loan Scheme:
Interest Rate: Starting at 8.25% p.a. (Fixed & Floating options)
Loan Tenure: 12 to 84 months
Processing Fee: Zero for first-time borrowers till July 31, 2025
Eligible Vehicles: Hatchbacks, Sedans, Compact SUVs, EVs
Instant Sanction: Within 30 minutes via Vizzve App
Target Locations: Indore, Lucknow, Nagpur, Madurai, Udaipur, Surat
“Mobility unlocks opportunity. With our Tier-2 car loan push, we aim to make vehicle ownership a reality for thousands who have long remained underserved,” said Ravi Kohli, Head of Retail Lending, Vizzve Financials.
📈 Vizzve Filing & Insights
📁 Filing: “Auto Lending Outlook – Q2 FY25: Emerging Markets Focus”
🧾 Sanctions Expected in Q2: ₹300 crore
📊 Digital Applications (YTD): 68% increase
📍 Most Popular Vehicle in Loans: Maruti Suzuki WagonR
🔍 Top Borrower Profile: Salaried individuals, self-employed traders, gig workers
💬 Average Loan Amount: ₹6.8 lakh
✅ Pre-closure Penalty: NIL on completion of 12 EMIs
“This strategic rollout is part of our broader Financial Inclusion Plan 2025,” the filing states, emphasizing a 50% YoY growth in vehicle financing.
❓ FAQ – Vizzve Financials Car Loan Program
Q1: Who is eligible for Vizzve's low-interest car loan?
Residents of Tier-2 and Tier-3 cities with a minimum monthly income of ₹15,000, including salaried, gig economy workers, and small business owners.
Q2: Can I apply online?
Yes. The entire process — from application to e-signing — can be completed through the Vizzve app or website.
Q3: What vehicles are eligible under this scheme?
Most entry-level hatchbacks, sedans, EVs, and CNG variants from approved manufacturers.
Q4: Are electric vehicles (EVs) included?
Yes, EV buyers get an additional 0.5% interest rate rebate as part of Vizzve’s Green Mobility Campaign.
Q5: Is co-applicant required?
Not necessarily. For loan amounts under ₹10 lakh and strong credit scores, single applicant approval is common.
Q6: What’s the foreclosure policy?
Loans can be foreclosed without penalty after the 12th EMI, encouraging early repayment.
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Published on July 6, 2025 • By Benny
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed