Vehicle Loan

🚘 Finance Your Vehicle – For Personal or Business Needs

Purchase a new vehicle — at a fixed interest rate with a repayment tenure structured around your income and budget

Apply for Vehicle Loan

🚘 Finance Your Vehicle – For Personal or Business Needs

Financing built around what you actually need

🔒

Fixed Interest Rate

Your interest rate is locked in at the time of loan sanction and does not change for the entire repayment tenure

📅

Flexible Repayment Tenure

Choose a tenure from 12 months to 60 months depending on your vehicle category and repayment capacity. A longer tenure lowers your monthly EMI. A shorter tenure reduces total interest paid

💵

High Loan‑to‑Value Financing

Finance up to 85% of your vehicle’s on‑road price of a new vehicle (Personal use/Business) — meaning your out-of-pocket contribution at the time of purchase is kept to a manageable minimum.

📄

Minimal Documentation

Personal loans at Hindusthan require standard KYC documents, income proof, and basic account information.

⚡

Fast Processing for Existing Members

Existing Hindusthan Account holders benefit from significantly faster loan processing — your KYC and account history are already verified.

🚗

Vehicle Loan – For Personal & Business Needs

Finance your vehicle with ease and flexibility–Loans available for personal use (cars, two‑wheelers) as well as business needs (commercial vehicles).

🌱

Go Green – Low Interest for Electric Vehicles

Drive into the future with affordable financing–Special Low Interest Rates: Exclusive benefit for customers purchasing electric vehicles.

🔄

EMI via Auto-Debit

Set up automatic EMI deduction from your linked Hindusthan Savings or Current Account — ensuring your repayment is never missed and your credit profile is consistently maintained.

🔒

Fixed Interest Rate

Your interest rate is locked in at the time of loan sanction and does not change for the entire repayment tenure

📅

Flexible Repayment Tenure

Choose a tenure from 12 months to 60 months depending on your vehicle category and repayment capacity. A longer tenure lowers your monthly EMI. A shorter tenure reduces total interest paid

💵

High Loan‑to‑Value Financing

Finance up to 85% of your vehicle’s on‑road price of a new vehicle (Personal use/Business) — meaning your out-of-pocket contribution at the time of purchase is kept to a manageable minimum.

📄

Minimal Documentation

Personal loans at Hindusthan require standard KYC documents, income proof, and basic account information.

⚡

Fast Processing for Existing Members

Existing Hindusthan Account holders benefit from significantly faster loan processing — your KYC and account history are already verified.

🚗

Vehicle Loan – For Personal & Business Needs

Finance your vehicle with ease and flexibility–Loans available for personal use (cars, two‑wheelers) as well as business needs (commercial vehicles).

🌱

Go Green – Low Interest for Electric Vehicles

Drive into the future with affordable financing–Special Low Interest Rates: Exclusive benefit for customers purchasing electric vehicles.

🔄

EMI via Auto-Debit

Set up automatic EMI deduction from your linked Hindusthan Savings or Current Account — ensuring your repayment is never missed and your credit profile is consistently maintained.

Who are Eligible

Salaried Employees – working in private/public sector companies
Self‑Employed Individuals– Proprietors/ shop owners and entrepreneurs
Self‑Employed Professionals – doctors, lawyers, chartered accountants, consultants
Business Owners – with stable income records

Required Documents

Aadhaar Card
Valid Aadhaar card for identity and address verification
PAN Card
Mandatory for all personal loan applicants
Address Proof
Utility bill, passport, driving licence, or bank statement — not older than 3 months
Photograph
2 recent passport-size photographs
Income Proof
Salary slips, ITR filings, pension certificate, or business financials — based on your applicant type
Bank Statements
Last 6 to 12 months' statements — salaried, self-employed, or current account as applicable
Employment or Business Proof
Appointment letter, employer ID, GST registration, or business certificate — as applicable
Loan Application Form
Completed and signed — available at your nearest branch

How To Register

1
Before applying, confirm the vehicle you intend to purchase and obtain a Proforma Invoice from the dealer (for new vehicles) or agree on a purchase price and have the RC ready (for used vehicles).
2
Review the eligibility criteria above and use the EMI Calculator to confirm the loan amount and tenure that fits your repayment capacity
3
Gather all documents from the checklist relevant to your applicant category. Download and complete the Vehicle Loan Application Form before your branch visit.
4
Submit your completed application form and supporting documents at your home branch. Our loan officer will review your application, verify your documents, and conduct an eligibility assessment. For existing Hindusthan members, this step is significantly faster.
5
Once approved, you will receive a Loan Sanction Letter confirming the approved amount, rate, tenure, and EMI.
6
Upon acceptance, the loan amount is disbursed directly to the vehicle dealer's account (for new vehicles) or to the seller's account (for used vehicles) — not to the borrower's personal account.

Vehicle Loan Calculator

Loan Amount

₹

Min ₹1,000Max ₹1,00,00,00,000

Interest Rate (% per annum)

Min 7%Max 30%

Tenure

Months

Min 12 monthsMax 480 months

Monthly EMI

₹86.53

for 12 months

Total Interest

₹38.32

Total Repayment

₹1,038.32

Disclaimer: The calculator provides estimated EMI; actual figures will be as per RBI guideline. Final calculations will be available at the branch. Floating / Fixed ROI will be available based on customers requirement

Frequently Asked Questions

Yes. Hindusthan finances used vehicles purchased from both dealers and private sellers — subject to vehicle age, condition, and an approved valuation report. The vehicle must not be older than [X] years at the time of loan application. The original RC, valid insurance, and any previous financier's NOC must be provided.

For new vehicles, Hindusthan finances up to [X]% of the on-road price — which includes the ex-showroom price, registration fees, insurance, and accessories as specified in the Proforma Invoice. For used vehicles, financing is up to [X]% of the bank-assessed value. The remaining amount must be arranged by the applicant as a down payment.

Yes. A valid driving licence for the vehicle category being financed is required for all vehicle loan applications. For commercial vehicle loans where the borrower is a business owner who will employ a driver, the borrower's own driving licence may still be required — confirm with your branch at the time of application.

Hypothecation means the vehicle is pledged as security against the loan. This is noted on the vehicle's Registration Certificate (RC) under the financier's name — Hindusthan Co-op. Bank. Once the loan is fully repaid, you will receive a No Objection Certificate (NOC) from the bank. You must then visit the RTO to have the hypothecation endorsement removed from the RC. This is a mandatory legal step before you can sell the vehicle.

Yes. Commercial vehicle loans are available for auto-rickshaws, taxis, goods carriers, mini-trucks, and light commercial vehicles used for business or livelihood purposes. Self-employed individuals, small business owners, and fleet operators are all eligible. Income assessment for commercial vehicle loans takes into account the projected income from the vehicle's commercial use.

You cannot transfer ownership of a hypothecated vehicle without clearing the loan first. To sell the vehicle, you must first repay the outstanding loan amount, obtain the NOC from Hindusthan, and have the hypothecation removed from the RC at the RTO. Contact your branch for a loan closure and NOC issuance process.

Yes. Prepayment — partial or full — is permitted at any time during the loan tenure. Prepayment charges apply as per your loan agreement terms. Partial prepayment reduces either your EMI amount or remaining tenure depending on your preference at the time of prepayment — confirm your preference with your branch when making the payment.

Yes. Comprehensive vehicle insurance is mandatory at the time of loan disbursement and must be maintained for the entire loan tenure. The vehicle must be insured for at least the outstanding loan amount. Lapse of insurance during the loan tenure is a violation of the loan agreement terms.