KBL Car Loan
Experience the luxury and convenience with a car loan crafted for the International Indian. Our loan facilitates the swift acquisition of vehicles in India , be it a brand-new luxury model or an esteemed pre-owned car. Emphasizing digital efficiency and prompt approvals, we offer up to 90% financing on new vehicles with terms that celebrate your refined taste. Whether it is for leisure drives during India visits or family excursions, our loan is a testament to your aspirations in a world that values both motion and elegance Read more
Why this loan is for you
Designed to give you just what you need
Get up to 85% financing against the on-road price
Submit documents online and get quick loan sanctions
Select a new or second-hand car that is up to 5 years old
Make matters simple and straightforward
A smart calculator for smart spending and savings
Car loan calculator
You will pay
₹13,800/Months
Eligibility criteria
- Meeting bank’s criteria
- NRI financial and residential status
Documents required
- PAN card
- Customer ID or debit card number
- 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 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
Explore other options for you
Trusted by thousands and handpicked for financial excellence
Got questions? We’ve got answers
Karnataka Bank finances all new models and used cars not older than five years, offering NRIs a diverse selection.
Our loan covers up to 85% of the on-road price, which includes the car's purchase price, road tax, insurance, and registration fees, offering comprehensive financial support.
Yes, having comprehensive insurance is compulsory for vehicles purchased through our loans, ensuring both safety and compliance with banking regulations.
NRIs have the freedom to choose from all new car models and used cars that are up to five years old, giving a wide range of options to suit different preferences and needs.
To download the KBL Mobile Plus app, visit the Google Play Store or Apple App Store on your mobile device. Search for 'KBL Mobile Plus' in the store, select the app published by Karnataka Bank, and click 'Install' to download it onto your device.
NRIs looking to finance luxury vehicles can certainly do so, provided they meet our loan eligibility criteria and the vehicle falls within the five-year age limit.
Hypothecation of the purchased car, with third-party guarantee in certain cases. A CIBIL score over 700 may waive the guarantee for loans up to ₹10 lakh for NRIs.
EMI (Equated Monthly Installment) is the fixed monthly payment made to the bank, covering both interest and principal repayment.
NRIs need to provide documentation proving NRI status, income proof, and other standard banking documents, which may include passport details, visa information, and employment verification.
Yes, you can prepay your loan. For the applicable charges and conditions, please refer to your loan agreement for exact terms and conditions of a particular loan when applying.
Navigating the journey to car ownership is seamless with KBL Car Loan. Tailored specifically for NRIs, our NRI car loan offerings are designed with your unique needs in mind. From competitive interest rates to flexible repayment options, you can enjoy the convenience and freedom of owning a car in India, even while you're residing abroad. Plus, the ability to apply for an NRI vehicle loan online simplifies the process, allowing for a quick, hassle-free application from anywhere in the world. With KBL car finance, you gain not just a vehicle but also the assurance of transparent terms and dedicated customer support, ensuring your car financing experience is as smooth as the drive in your new car.
For non-resident Indians aiming to purchase a vehicle in their home country, NRI vehicle loans offer a tailored solution. These specialized loan products are designed to accommodate the unique circumstances of NRIs, providing them with the opportunity to own a vehicle in India, even while they work or reside overseas. Moreover, the ability to apply for an NRI vehicle loan online simplifies the process, offering the convenience of handling loan formalities from any global location. With documentation and eligibility criteria crafted to suit the NRI status, these vehicle loans remove the geographical barriers, making car ownership in India for NRIs as straightforward as it is for resident Indians.
