To Buy Used Car or Instant Car Loan approvals,   +91 9900037613
ApnaCar car loan finance company

Best Car Loan Financing

Apna Car

Save ₹ 50,000 on Used Car Loan or Refinance

Crosscheck with Us before you take any Car Loan so that you don’t end up paying more.

At Apnacar, we have been helping customers with Private Car Finance (New/Used) to buy your dream car. Our car loan applications are hassle-free. We are successfully serving for the last 25+ Years with 60,000+ satisfied Customers to our credit.

Apnacar – Best Car Finance and Loan Company

We are one-stop for All Car Finance needs. Save ₹ 50,000 easily on your Car Loan. Best loan offers on 2012 car model onwards at lowest interest rate. Offers available on New Car LoanUsed Car Loan & Car Refinance. You can Buy & Sell New or Used Cars at the best prices with us. We help you with Old Car Exchange, Price Negotiation, Insurance, Arranging Test Drives, and RTO services as well.

We are associated with the best banks and NBFCs for Car Loans (Personal Car Loans or Private Car Loans), Vehicle Refinance, Home Loans, Personal Loans and Mortgage. We aim to provide a quick, simple and secure car buying experience.

Sell / Buy Used Car

Buy good quality Used Cars. Grab best Used Car Loans | Save Rs 50,000 on Car Loans | Easy Loan on 2014 Model Onwards at the Lowest Interest Rates. Enquire Online or Call Now.

Used Car Loan

We work with the leading banks in India to get you easy and fast Car loans of upto 90% on used cars. We secure used car loans at best interest rates.

Car Refinance

Need urgent fund or instant cash on Car? Get loan against car documents in Bangalore. You can get up to 150% refinance on your car. We help you for instant loan disbursement from renowned banks with minimal documentation.

Apnacar: Your Gateway for Car Financing


25+ years of experience


Partnered with leading banks and NBFCs

Lowest Rates

Best deals on cars and lowest interest rates on car loans

Happy Customers

60,000+ delighted customers


Built on integrity and responsibility

Home of Car Finances

One stop for all car finance needs

Customers Speak

“They helped me with low interest rate and fast refinance on my car knowledgeable staff at apnacar.👍”

Akkatai Sanadi

“Satisfied with their commitment and knowledge on car loans. Will surely approach them for refinance on my car. Contacted Apnacar and several others while checking online for car loans refinance and personal loans, Apnacar guys were quite convincing.”


“Apnacar team helped me with a loan for used car purchase of i20 and even they did Transfer and RTO work very smoothly, I was very satisfied with their process and convincing skills.”

Likhith KK

Raju RajuRaju Raju
09:28 30 Apr 24
We are happy with the premium we paid for our group health insurance. The team Was able to get us multiple quotes. From different insurance companies
Powsiya banuPowsiya banu
09:19 30 Apr 24
Best team to get car loans from very supportive and transperant happy with them
Ishw aryaIshw arya
10:16 29 Apr 24
I obtained a second hand car from Apnacar and I'm extremely pleased with how the process went
Girish PsiGirish Psi
10:53 12 Apr 24
I got loan on my swift for 150% on valuation, And i stay in Mangalore, apnacar team in Bangalore processed it Quickly.
kushi saikushi sai
10:46 12 Apr 24
I obtained my used car loan through Apnacar. The interest rate was low and the loan process was swift
Divya MurugeshDivya Murugesh
08:58 23 Feb 24
Smooth transaction! Apnacar helped me to buy used car in Bangalore. i am very happy with the quality of the car Happy with my purchase, definitely recommend
Geetha GeethaGeetha Geetha
09:33 06 Dec 23
Incredible service! Bought my Used car loan processed in less than 48 hours. They were responsive, knowledgeable, and made the finance process smooth. Highly recommended for anyone in search of Used car finance

Car Loan FAQs

  1. Credit Score Report: Lenders look at the credit score to check the creditworthiness. Higher the credit score, greater the chances of car loan approval.
  2. Stable Income and Employment: Ensuring stable source of income is one of the important factors that the lenders are concerned about. This assures that you can make the monthly loan payments regularly. Proof of steady employment and a sufficient income is usually required.
  3. Age and Nationality: The loan applicant needs to be of a certain age (usually 18 or 21) and a resident of the country where they are applying for the loan.
  4. Debt-to-Income Ratio: Lenders assess your ability to manage additional debt by comparing your monthly income to your existing debts. A lower debt-to-income ratio is generally more favourable.
  5. Collateral and Loan Amount: Lenders may have maximum limits on the car loan amount they're willing to provide. The loan amount should be recovered by the car's value as the car itself will be the collateral usually.
  6. Cosigner: If your credit or financial situation is not strong enough, having a cosigner with a solid credit history can boost your eligibility.
  7. Financial History: Lenders may look at your financial history beyond just your credit score, including past loans and your overall financial stability.

Eligibility criteria can vary between lenders and regions. Apnacar provides you the understanding about car loans from specific lenders you are eligible to avail loan from.

If your requirement exceeds the eligible car loan amount then there are other few potential options to consider in order to help you navigate this situation:

  1. Improve Credit Score: If you have time and if there is a scope to improve your credit report then that could help you get a larger loan amount with better loan term. This might involve paying off existing debts, maintaining good credit behaviour, and addressing any errors on your credit report.
  2. Cosigner: If you have a family member or friend with a strong credit history, they could potentially cosign the loan with you. This can increase your private car finance eligibility and potentially allow you to borrow a larger amount.
  3. Additional Financing: Explore additional financing options like personal loans, if available and if you could afford to pay the EMIs. While interest rates might be higher than traditional car loans, they might offer the flexibility to cover the extra amount you need.
  4. Discuss with Lender: Have an open conversation with your lender about your situation. Some lenders might be willing to consider your overall financial health and ability to repay, allowing for a slightly higher loan amount.
  5. Trade-In or Sale: If you currently own a car, you could consider trading it in or selling it to contribute towards the purchase of the new car.
  6. Wait and Save: Finally, if none of the immediate options work, consider delaying your purchase and saving up until you can comfortably afford the car you want without stretching your finances.

It's crucial to approach this situation with careful financial planning and consideration of your budget. Taking on more debt than you can comfortably manage can lead to financial stress in the long run. Remember that each option comes with its own pros and cons, so it's important to weigh them against your financial situation and goals. Apnacar has financial experts that could give you a clear picture for you to decide and proceed with safe options.

Having an excellent credit score can indeed work to your advantage when it comes to getting better interest rates on car loans. Here's how:

  1. Negotiating Power: With a high credit score, you're in a better position to negotiate with lenders. You can ask for lower interest rates or better loan terms.
  2. Competitive Rates: Lenders typically offer their most competitive interest rates to borrowers with excellent credit scores helping you save a significant amount over the life of the car loan.
  3. Lower Monthly Payments: A lower interest rate translates to lower monthly loan payments, making it easier to manage your finances and ensuring you're not stretched thin by your car loan obligations.
  4. Faster Loan Approval: Lenders may process and approve loans for individuals with excellent credit scores more quickly, allowing you to move forward with your car purchase sooner.
  5. Access to Special Offers: Some lenders offer special promotions or discounts on interest rates to borrowers with excellent credit.
  6. More Loan Options: You may have access to a wider range of loan options, giving you the flexibility to choose the terms that best suit your financial goals.
  7. Long-Term Benefits: Demonstrating responsible credit behaviour not only leads to better car loan terms but also positively impacts your overall financial health. It opens doors to better rates on other types of loans and even potential discounts on insurance premiums.

While having an excellent credit score can significantly improve your chances of getting better interest rates on car loans, it's important to remember that other factors, such as your income, loan term, and the lender's policies, also play a role in determining the final terms of your loan. Apnacar helps you shop around and compare offers from different lenders to ensure you're getting the best deal possible based on your creditworthiness.

Simply let the car loan experts like ApnaCar know about your requirement and you will be guided with the procedure by the loan specialists. There are multiple options to connect like, whatsapp, direct call and submit the requirement form. Once the car loan request is raised,

  • Your loan eligibility will be checked
  • You need to provide the required set of documents for verification
  • After successful document verification, the best possible car loan options from different banks and NBFCs will be identified
  • All available car loan interest rates, processing fees, etc. important details will be explained for you to take informed decision about which bank or NBFC would you like to proceed with
  • Once you confirm the bank or NBFC, it will be informed to them
  • Sit back and relax for the car loan disbursement from the financial institution

Missing an EMI (Equated Monthly Instalment) on your used car loan can have several consequences. Here's what you should know and steps you can take if you miss a payment.

1. Consequences:

  • Late Payment Fee: Most lenders charge a late payment fee if your EMI isn't received on time. This fee varies depending on the lender and the terms of your loan agreement.
  • Negative Impact on Credit Score: Late payments are reported to credit bureaus and can have a negative impact on your credit score. A lower credit score can affect your ability to secure loans in the future and may lead to higher interest rates.
  • Additional Interest Charges: Missing an EMI doesn't mean you're excused from paying it. The missed payment and any subsequent delayed payments can lead to additional interest charges over the life of the loan.
  • Default Status: If you consistently miss payments, your loan might be classified as in default. This could lead to more serious consequences, such as legal action and potential repossession of the car.

2. Actions to Take:

  • Lender Communication: When you miss a payment, the lender will usually contact you to remind you of the missed payment and provide options for catching up.
  • Grace Period: Some lenders offer a grace period during which you can make the payment without being considered late. Check your loan agreement or contact your lender to understand if such a grace period exists.
  • Immediate Action: As soon as you realise you've missed a payment, take action. Contact your lender to explain the situation and discuss potential solutions.
  • Catch Up on Payments: If you're able, make the missed payment as soon as possible to avoid further fees and negative credit reporting.
  • Request a Payment Plan: Depending on your circumstances, you might be able to negotiate a temporary payment plan or a revised schedule with your lender to catch up on missed payments.
  • Financial Assistance: If you're facing financial hardship, some lenders offer hardship assistance programs that could temporarily lower or suspend your payments. Contact your lender to explore such options.
  • Seek Professional Help: If you're struggling to manage your loan payments, consider seeking advice from a financial counsellor or advisor who can help you create a budget and navigate your financial challenges.

Remember, communication with your lender is key. They might be willing to work with you to find a solution that helps you catch up on missed payments while minimising the impact on your credit and financial situation.

Keep up with future EMI payments to avoid further financial complications. Set up reminders or automatic payments to prevent future missed payments.

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