- Trusted by 10 Lakh+ Indians
Car Finance
Simplified.
Drive your dream car today with India’s most transparent finance options. Zero hidden charges, minimal paperwork, and approval in minutes.
- Instant Approval
- Paperless
- Low Intrest
Drive Home Your Dream Car with Drivofin Loans
Secure fast, flexible car loans tailored for new vehicles, pre-owned cars, refinancing, or balance transfers. With 26+ years serving 10,000+ customers, we offer up to 100% on-road funding, attractive rates, and approvals in 24-48 hours. Salaried, self-employed, first-time buyers, or MSMEs get minimal documentation and end-to-end support.
Quick Financial Support
Banking Partners
Types of Car Loans
New Car Loan
- Up to 100% on-road funding
- Attractive interest rates
- Flexible tenure options
- Quick approval & minimal documentation
- Available for salaried & self-employed customers
Used Car Loan
- Competitive interest rates
- Flexible repayment options
- Funding based on vehicle value & profile
- Fast processing across major cities
Refinance / Loan Against Car
- Get funds for business, personal, or emergency needs
- Continue using your car
- Attractive interest rates
- Hassle-free documentation
Balance Transfer
- Up to 200% balance transfer (based on eligibility)
- Lower interest rates
- Additional top-up funding
- Reduced EMI burden
- Smooth transfer with expert support
Key Benefits
Lightning approvals
24-48 hours
Maximum funding
Up to 100% new car, 200% balance transfer
Flexible options
Tenure, repayment, cities covered
Minimal hassle
Quick docs, expert support
Eligibility Criteria
We believe in keeping things simple. Here is what you need to qualify for a car loan.
Age 21-60 years
Minimum monthly income ₹25,000+
Stable employment (6+ months)
Required Documents
- Identity Proof (Like Aadhar card, pan card, etc.)
- Address proof such as electricity bill, passport, aadhaar card, etc.
- Latest 1 year Bank Statement of Savings Account
- Income Documents like 3 months' Payslips along with one-year Bank statement of salary account.
- Last 2 Year Form 16
- Proforma Copy
- Identity Proof (Like Aadhar card, pan card, etc.)
- Address proof such as electricity bill, passport, aadhaar card, etc.
- Latest one-year bank statement
- GST certificate
- Latest two-year ITR Full Set
- Proforma Copy
Smart EMI Calculator
Plan your budget intelligently before applying.
Your Monthly EMI
FAQs
What is the maximum funding I can get for a new car?
Up to 100% on-road price funding, covering ex-showroom, RTO, insurance, and accessories.
How quickly can I get approval for a used car loan?
Most approvals happen within 24-48 hours across major cities once documents are verified.
What are the benefits of balance transfer with Drivofin?
Get up to 200% of your existing loan amount, lower interest rates, reduced EMIs, and additional top-up funding with smooth transfer support.
What documents do I need if my CIBIL score is average?
Basic KYC + stronger income proof (extra salary slips/ITR). Co-applicant option available for faster approval.
Are there processing fees and when are they charged?
Yes, 1-2% of loan amount + GST, collected only after loan approval and disbursal.
Can I prepay my loan or foreclose it early?
Yes, partial or full prepayment allowed after 6 EMIs with minimal or no charges depending on lender terms.
Is co-applicant allowed for first-time buyers?
Yes, parents/spouse with stable income can be co-applicant to improve eligibility and loan amount.
How does vehicle age affect used car loan funding?
Cars up to 7 years old get 70-85% funding; newer vehicles qualify for higher amounts based on condition.