Drive Home Your Dream Car with Hassle-Free Car Loans

Owning a car is no longer a luxury—it’s a necessity. At Mera Loan Doctor, we make car ownership easy and affordable with our wide range of Car Loan options. Whether you are buying a new car, a used car, or want to refinance an existing car loan, we help you find the best deal with quick approvals, attractive interest rates, and flexible repayment options.

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Personal Loan

Features of Car Loan

  • Loan available for both new and pre-owned cars.
  • Attractive interest rates starting from as low as 7% (varies by lender).
  • Flexible tenure ranging from 1 to 7 years.
  • Up to 90–100% financing available on the car’s on-road price.
  • Quick and hassle-free processing with minimal documentation.
  • Option to transfer or refinance existing car loans.

Loan Top-Up Eligibility

  • Salaried individuals, self-employed professionals, and business owners.
  • Minimum age: 21 years; Maximum age at loan maturity: 60–65 years.
  • Minimum income criteria as per lender’s policy.
  • Good credit score and repayment history preferred.
  • Stable employment or business continuity (minimum 1–2 years).

Documents required to apply for Loan Top up

  • KYC Documents: PAN Card, Aadhaar Card, Address Proof.
  • Income Proof: Salary slips (last 3–6 months), ITR/Form 16, or business financials.
  • Bank Statements: Last 6 months.
  • Car-related Documents: Proforma Invoice of the car or RC in case of used car loan.
  • Any additional documents as required by the lender.

Fees and Charges for Loan top up

  • Processing Fee: 0.5% – 2% of the loan amount.
  • Interest Rate: Competitive, based on income, car model, and lender.
  • Prepayment/Foreclosure Charges: Varies as per lender policy.
  • Other charges: Documentation, late payment, and stamp duty (if applicable).

Faq's for Loan Top up

How does a Home OD Linked Loan save interest?

Yes, most lenders offer loans for both new and pre-owned cars.

You can get up to 90–100% of the car’s on-road price depending on eligibility.

Tenure usually ranges between 1 and 7 years.

  • Yes, but prepayment charges may apply as per lender guidelines.

With proper documentation, car loans can be approved within 24–48 hours.