Banks Loop connects you directly with 30+ top banks & NBFCs for New Car Loans, Pre-Owned Car Finance, Commercial Trucks, Buses, and Fleet Funding. Get up to 100% on-road financing starting from 8.65% p.a.
Premier Auto & Commercial Vehicle Lending Partners
Banks Loop eliminates showroom markups and multi-bank bureau strikes by matching your CIBIL score and vehicle requirement with the right sanctioning institution.
Drive home your personal hatchback, sedan, or SUV with competitive rates starting from 8.65% p.a. and tenures up to 84 months.
Apply for New Car →Secure up to 90% of vehicle valuation on certified pre-owned four-wheelers with simple RC transfer support and quick evaluation.
Apply for Used Car →Comprehensive funding for tippers, light commercial vehicles (LCV), trailers, and heavy haulage trucks from 10.50% p.a.
Apply for CV Loan →Structured working credit and fleet expansion finance for transport operators, staff buses, school vans, and tour logistics.
Apply for Fleet Loan →Fine-tune your vehicle on-road amount, estimated interest rate, and repayment horizon. Once your plan fits your monthly operational cash flow, tap "Apply with this Plan".
Compare key parameters across individual auto finance and business fleet loans available through the Banks Loop network.
| Vehicle Loan Type | Interest Rates (p.a.) | Maximum Tenure | LTV (Funding Ratio) | Processing Fee |
|---|---|---|---|---|
| New Passenger Car Loan | 8.65% - 10.50% | Up to 7 Years | Up to 100% On-Road | 0.25% - 1.00% |
| Pre-Owned / Used Car Loan | 11.00% - 15.50% | Up to 5 Years | Up to 90% of Valuation | 1.00% - 2.00% |
| Light Commercial Vehicle (LCV) | 10.25% - 14.50% | Up to 5 Years | Up to 90% of Chassis/Body | 1.00% - 2.50% |
| Heavy Commercial Vehicle (HCV/Trucks) | 9.75% - 13.50% | Up to 5 Years | Up to 85%-90% Funding | 0.75% - 2.00% |
| Commercial Fleet Refinance | 10.50% - 16.00% | Up to 4 Years | Based on Market Fleet Value | 1.00% - 2.00% |
Share your preferred vehicle proforma invoice, dealer quote, or used car valuation details.
Banks Loop assesses offers across 30+ lenders to secure the lowest rate and highest LTV.
Upload KYC, income, and transport permit proofs with quick doorstep document pickup.
Receive loan sanction letter and immediate delivery order (D.O.) straight to your dealership.
Banks Loop offers 100% free auto loan advisory. We are compensated entirely by our partner banks upon sanction.
We work with select partner institutions capable of financing registration, road tax, and insurance without heavy down payments.
Our dedicated vehicle finance officers coordinate with your dealer so you don't face showroom paperwork delays.
We pre-screen your vehicle application with internal algorithms before running official lender credit checks.
Whether you are purchasing your family's first hatchback, upgrading to a luxury SUV, or managing a fleet of multi-axle logistics trucks, selecting the right financing model can save you thousands in interest payouts. At Banks Loop, we act as your trusted Direct Selling Agent (DSA) partner, comparing credit terms across premier public banks, private sector institutions, and specialized asset NBFCs.
Passenger Car Financing: New car loans provide low interest rates, structured balloon EMIs, and long tenures up to 7 years. Pre-owned or used car loans, on the other hand, require accurate market valuation checks and streamlined Regional Transport Office (RTO) hypothecation transfers—processes that our field team assists you with end-to-end.
Commercial Vehicle & Fleet Logistics: For transport operators, infrastructure firms, and fleet aggregators, cash flow predictability is crucial. Commercial vehicle financing through Banks Loop covers tippers, containers, refrigerated vans, and passenger transport vehicles with customized repayment schemes aligned with your haulage contracts and revenue cycles.
Applicants need identity and address proof (PAN, Aadhaar/Passport), 3 to 6 months bank account statements, latest salary slips or 2 years ITR computation, and the vehicle proforma invoice from an authorized dealership.
Commercial vehicle borrowers typically require proof of business continuity (minimum 2-3 years in transport/logistics), existing vehicle ownership (RC copies of current fleet, if applicable), bank statements reflecting steady cash flow, and valid route permits.
Yes. If you have an active vehicle loan running cleanly for over 12 months, Banks Loop can assist you in refinancing for a lower interest rate or unlocking a top-up loan based on the appreciated asset equity.
For new car loans with complete paperwork, sanctions can be issued within 24 to 48 hours. Commercial vehicle and fleet loans generally take 2 to 4 working days following vehicle and business verification.
No. Banks Loop never charges borrowers any consultancy fees. Our auto loan guidance, lender comparisons, and relationship manager support are 100% free of charge.
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