Owning a car is no longer a luxury—it's a necessity for modern life. Whether you're commuting to work, planning family road trips, or need reliable transportation for your business, a car loan from Fastfino makes vehicle ownership accessible and affordable. Our car financing solutions are designed to help you drive your dream vehicle with flexible repayment options and competitive interest rates starting from 8.75% p.a.
At Fastfino, we understand that every car buyer has unique requirements. Whether you're looking to finance a brand-new sedan, a pre-owned hatchback, an eco-friendly electric vehicle, or a luxury SUV, our car loan products cater to all vehicle types and price ranges. We offer financing for both new and used cars up to 5 years old, with loan amounts ranging from ₹1 lakh to ₹1 crore, ensuring you have the financial flexibility to choose the vehicle that suits your lifestyle.
What sets Fastfino apart in the car financing space is our commitment to speed and transparency. While traditional lenders may take weeks to process your application, we provide approval in as little as 24-48 hours. Our digital-first approach eliminates unnecessary paperwork and visits to the branch. Simply submit your documents online, and our automated credit assessment system evaluates your eligibility instantly. You can track your application status in real-time and receive disbursal directly to the dealer once approved.
We offer financing for up to 90% of the on-road price of your vehicle, which means you only need a minimal down payment to drive home your dream car. The on-road price includes the ex-showroom price plus registration charges, insurance, road tax, and other statutory fees. For pre-owned vehicles, we provide up to 80% financing based on the car's current market value and condition. Our flexible tenure options range from 1 to 7 years, allowing you to choose monthly installments that fit comfortably within your budget.
Whether you're a salaried individual with a steady income or a self-employed professional with variable earnings, Fastfino has car loan solutions tailored to your financial situation. Our eligibility criteria are designed to be inclusive while maintaining responsible lending standards. With a minimum income requirement of just ₹20,000 per month and competitive interest rates for borrowers with good credit scores, we make car ownership accessible to a wide range of customers across India.
Key Features
Competitive Rates
Interest starting from 8.75% p.a.
Quick Disbursal
Get your car financed in 24-48 hours
High Loan Amount
Finance up to 90% of car value
New & Used Cars
Loans for both new and pre-owned vehicles
Simple Process
Minimal documentation required
Flexible Tenure
Repayment from 1 to 7 years
Eligibility
Age Requirement
21-60 years
Minimum Income
₹20,000 per month
Work Experience
1+ years in current job
Credit Score
700+ for best rates
Documents Required
Personal Documents
- Aadhaar & PAN Card
- Address proof
- Passport size photos
Financial Documents
- Salary slips (3 months)
- Bank statements (6 months)
- Car proforma invoice
Interest & Charges
Interest Rate
8.75% - 14% p.a.
Processing Fee
Up to 2% + GST
Foreclosure
4-5% of principal
Vehicle Types
New Car
Brand new vehicles from dealers
Used Car
Pre-owned certified vehicles
Electric Vehicle
Eco-friendly EV financing
Luxury Car
Premium vehicle financing
SUV
Sports utility vehicles
Sedan
Comfortable sedans
Hatchback
Compact city cars
Commercial
Commercial vehicles
Application Process
Getting your car loan approved is quick and easy with our streamlined digital process:
- 1
Check Eligibility & Choose Car
Use our online eligibility calculator to check your loan eligibility instantly. Select your desired vehicle and finalize the model, variant, and color with the dealer.
- 2
Submit Documents & Application
Upload your KYC documents, income proof, and car proforma invoice through our secure online portal or WhatsApp. Our team will verify your details within 2-4 hours.
- 3
Loan Approval & Agreement
Once approved, you'll receive a sanction letter with loan terms. Review and sign the loan agreement digitally with e-sign. The entire approval process takes just 24-48 hours.
- 4
Disbursal & Car Delivery
The loan amount is disbursed directly to the dealer's account. Complete the vehicle registration formalities and drive home your dream car the same day!
Tips for Securing Best Rates
- Maintain Good Credit Score: A score above 750 qualifies you for the lowest interest rates and faster approval.
- Higher Down Payment: Paying 20-30% down payment reduces your loan amount and can lower your interest rate.
- Choose Right Tenure: Shorter tenures (3-4 years) typically have lower interest rates compared to longer tenures.
- Stable Employment: Being in the same job for 2+ years shows financial stability and improves loan approval chances.
- Compare Dealer Offers: Check if the car manufacturer is offering any special financing rates during festive seasons.
- Opt for Pre-Approved Loans: Get pre-approved before visiting the dealership to negotiate better car prices.
- Complete Documentation: Having all documents ready speeds up approval and shows you're a serious buyer.
- Consider EMI Affordability: Keep your EMI below 40% of your monthly income to ensure comfortable repayment.