Affordable Vehicle Loans
for every journey...
- Instant Approval
- Easy Application Process
- Minimal Documentation
Drive your dream car with our new car loans, offering competitive rates and flexible terms tailored to your financial needs.
Apply here ➞Finance your ideal used car with our competitive used car loans, offering flexible terms and low-interest rates.
Apply here ➞Get on the road with our two-wheeler loans, providing flexible financing and competitive rates for a seamless purchase process.
Apply here ➞Expand your business fleet with our commercial vehicle loans, offering flexible terms and competitive rates.
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A unique loan for NRIs with low interest rate and special processing fees.
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Need to expand your business fleet? Get FA Quick Loan Commercial Vehicle Loan now!
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Withdraw your funds anytime and pay interest only on the utilized amount
Apply hereCollaborating with India's leading financial institutions to serve you better
A vehicle loan is essentially a financing option where funds are provided to an individual or an entity for the purchase of a new or used vehicle. Lenders provide funds upfront, and borrowers repay through monthly installments, usually over several years. It's crucial for prospective vehicle owners to understand the terms, interest rates, tenure, and eligibility criteria before applying.
You can apply for a vehicle loan from FA Quick Loan through our website www.faquickloan.com. Or, you could visit the office of FA Quick Loan to submit your application for a loan.
Vehicle Loan eligibility is determined by factors like age, income, employment stability, credit score, existing financial obligations, and nationality. For our bank, applicants aged 18-65 (salaried) or 18-65 (self-employed), with a minimum income of Rs 15,000, stable employment or business record, a good credit score of 700+, and Indian nationality are eligible. These parameters ensure a comprehensive assessment aligning with the bank's policies and regulations.
The Vehicle Loan EMI is calculated on the basis of specific factors like the amount of the loan, its tenure, and the rate of interest.
Floating Rate of Interest on a Vehicle Loan means that the interest rate is not fixed and can change over time. The change takes place according to a benchmark rate/repo rate set by the Reserve Bank of India (RBI) that can impact your overall monthly EMIs.
A fixed rate of interest on a Vehicle loan means that the rate of interest does not change throughout the tenure of the loan. Regardless of market fluctuations, the borrower pays the same interest rate through the same equated monthly installments (EMIs) from the loan's inception to its conclusion. This stability provides predictability in monthly payments, allowing vehicle owners to plan their finances without being affected by interest rate variations in the market.
