KBL Xpress Car Loan

Let the KBL Xpress Car Loan swiftly convert your car dreams into a reality with our quick and straightforward loan process. Whether it's a shiny new vehicle or a pre-loved car, we have got you covered with digital processing and instant in-principle sanction. Our car loan caters to a range of financial situations, offering up to 90% financing on new vehicles and attractive terms for second-hand cars. Whether it's daily commutes or family road trips our car loan is the bridge to your aspirations in a world that is always on the move. Read more

Why this loan is for you

Designed to give you just what you need.

Get up to 90% financing against the on-road price

Submit documents online and get quick loan sanctions

Select a new or secondhand car that is up to 5 years old

Down payment amount

10% for a new vehicle, and 25-30% for a used vehicle.

For a new vehicle

Avail financing up to 90% of the on-road price of the vehicle (including the cost of the vehicle, road tax, insurance and registration charges) or up to ₹1 crore, whichever is lower.

For a used vehicle

Avail financing up to a maximum amount of ₹20 lakh.

Loan collateral

The vehicle being purchased is used as collateral for the vehicle loan.

Guarantor

A third-party co-obligation or guarantee is required for this loan.

Make matters simple and straightforward

A smart calculator for smart spending and savings

Car loan calculator

Loan amount
₹50,000 ₹10,000,000
Rate of interest
5% 15%
Loan tenure
1 Months 84 Months

You will pay

₹13,800/Months

Not sure which product is for you?

Let’s find the best fit together

  • No spam calls
  • Dedicated KBL experts
  • Set up a call on your time

Eligibility criteria

Indian resident
  • Income tax assessed individuals
  • Employees and executives in companies, firms, trusts associations and societies
  • Loan period plus borrower's age within 18-70 years
  • Meeting bank’s criteria
  • NRI financial and residential status

Documents required

Existing customer
  • Customer ID or debit card number
  • PAN card
  • Scanned or soft copy of KYC documents
  • PAN card
  • Aadhaar card or driver’s license
  • Scanned or soft copy of KYC documents
  • PDF and scanned copy of salary account statement for last 12 months
  • If existing customer, system will auto-fetch information
  • PDF and scanned copy of operative account statement for last 12 months
  • If existing customer, system will auto-fetch information

As easy as 1,2,3...

Apply for a KBL Xpress Car Loan in 3 simple steps

Step 1

Visit your nearest branch

Go to your nearest Karnataka Bank branch

Step 2

Start with your basic details

Provide your basic details and keep your documents handy

Step 3

We’ll take care of the rest

Our branch officials will notify you when your loan is sanctioned

image of smiling girl

Explore other options for you

Trusted by thousands and handpicked for financial excellence

KBL Xpress Easy Ride Loan

  • Up to ₹5 lakh max loan amount 
  • Interest rate starting at 11.68*% p.a.
  • Up to 60 months loan tenure

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Got questions? We’ve got answers

Can I get a loan for a used car?

We offers smart vehicle loans for second-hand cars not older than five years.

The loan covers up to 85% of the on-road price, including the cost of the vehicle plus road tax, insurance, and registration charges.

Yes, NRIs are eligible for vehicle loans at Karnataka Bank. We offer tailored loans for those who are interested in purchasing a car or scooter through NRI banking services.


Comprehensive insurance is generally mandatory for vehicles financed through Karnataka Bank.

We finance all new car models and second-hand cars that are not older than five years, giving you the freedom to choose the vehicle that best suits your needs.

A quick car loan for your dream car

Drive your dream with our tailored vehicle loan solutions. We offer competitive vehicle loan interest rates to finance your new vehicle purchase. Whether it's a loan on vehicle for personal use or a loan against vehicle as collateral, we ensure you have access to the best financial options. Start by checking your vehicle loan eligibility with us, and take the first step towards owning your ideal vehicle. With competitive car loan interest rates and a simple application process, financing your next vehicle is more accessible than ever. Whether it's for a personal vehicle or a commercial vehicle loan for your business, we ensure a smooth ride from application to approval. And for the eco-conscious, our electric car loan options support your sustainable lifestyle choices.


Interest rates on vehicle loans can be fixed or floating and are influenced by factors like the type of vehicle, loan tenure, and your credit history. The EMI (Equated Monthly Installment) for the loan includes both the principal and interest components, and as you repay, the interest is calculated on the reducing balance. When considering a vehicle loan, it's important to look at the total cost of ownership, including loan interest, insurance, maintenance, and fuel expenses. The loan tenure and EMI should align with your financial capacity without straining your monthly budget.


Do shop around and negotiate with lenders to secure the best interest rate and terms. Consider making a substantial down payment to reduce the loan amount and interest burden. Don't ignore the importance of a good credit score, as it can significantly impact the loan terms offered to you. Ensure timely repayments to avoid penalties and a negative impact on your credit history.