Instant and Easy Car Loans in Hyderabad
Lowest Interest Rates - Starting from
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Looking for Car Loans in Hyderabad?
Drive home your dream car with fast and affordable car loans from AKB Loans . Whether you're buying a new car or a pre-owned vehicle, we help you finance it easily with competitive rates and minimal paperwork.
We understand that owning a car is more than just a convenience—it's a necessity. Whether you're planning to buy your first car, upgrade to a newer model, or purchase a used vehicle, our car loan solutions are designed to help you achieve your goal without any financial stress. With a smooth and transparent loan process, we ensure that you drive away with confidence and peace of mind.
Our car loans come with attractive interest rates, fast approval times, and flexible repayment options that cater to your financial needs. We provide financing for both new and pre-owned vehicles, with the option to choose a loan tenure that suits your budget. Whether you're a salaried individual or a self-employed professional, we offer tailored car loan solutions that fit your income and repayment capacity.
With our strong tie-ups with top banks and financial institutions, we are able to offer the best possible deals, special schemes, and competitive rates on car loans. Whether you're eyeing a small hatchback, a luxury sedan, or an SUV, we help make your dream car a reality — faster than you imagined.
Car Loans EMI Calculator
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Process for Car Loans
Like the eligibility criteria, different banks need different documents for verification that proves the authenticity of the borrower. At AKB Loans , along with a completely filled-in application form with a recent photograph, you may have to submit a couple of more documents, as needed by the financial institution with which you are applying for a personal loan. Mentioned below are a few documents that should be submitted for the verification process.
1. Identity Proof
- PAN Card
- Aadhaar Card
- Voter ID Card
- Driving License
- Passport Copy
2. Current Address Proof
- Driving License
- Passport Copy
- Latest Gas Bill
- Latest Property Tax Bill
- Bank Passbook
- Ration Card
3. Age Proof
- PAN Card
- Aadhaar Card
- Voter ID Card
- Passport Copy
- Certificate issued by any statutory authority
4. Bank Statement
- Latest 3 months’ updated statement
5. Employment Proof
- Company ID Card
6. Salary Slip & Form 16
- Last 3 months’ salary slips
- Form 16
7. Self Employed
- Business License*
- Bank Statement*
50+
500+
1100+
Car Loans Interest Rates
| Interest rates | 8%* to 10.25%* |
| Processing fee | It ranges from 1%* - 3%* and differs according to the banks |
| Loan Tenure | 12 months to 60 months |
| Loan Amount | ₹ 1,00,000 * - ₹ 75 lakhs* |
| Lock-in period | It differs from the lender to lender |
| Pre-closure charges | It differs from the lender to lender |
| Guarantor Required | It depends on the different conditions |
Frequently Asked Questions
Can I get a loan for a used car?
Yes, we offer loans for both new and used cars. The eligibility, interest rates, and documentation may vary slightly based on the type and age of the vehicle.
How long does it take to get a car loan approved?
Once all required documents are submitted, car loans are usually approved within 24 to 48 hours, depending on your eligibility and credit profile.
What is the maximum loan tenure I can choose?
Car loan tenures generally range from 1 to 7 years. You can choose a repayment plan that aligns with your financial comfort.
Do I need to make a down payment?
Yes, most car loans require a margin amount or down payment. However, the exact amount may vary depending on the lender and the value of the vehicle.
