Your vehicle, our priority
Whether you're eyeing a brand-new car or a trusty two-wheeler, our tailored loans for vehicles are ones you can trust to drive your dreams and make them a reality. We understand the joy and freedom that comes with your own vehicle, and our loans are designed to make this journey smooth and stress-free. With attractive terms, minimal documentation and quick processing, we are committed to offering the best out there with a digital-first and responsible approach. Read more Read less
Make matters simple and straightforward
A smart calculator for smart spending and savings
Car loan calculator
You will pay
₹13,800/Months
Why choose our vehicle loans
Getting you where you need to go
Get up to 90% financing against the on-road price
Experience a speedy and efficient loan approval process
Select the vehicle that best suits you
Who can apply for KBL vehicle loans
- Individuals who are resident of India
- Individuals at least 18 years old
- NRIs holding an Indian passport
- Minimum salary of ₹10,000 for salaried
- Minimum income of ₹120,000 for businessmen and self employed
BANKING WITH YOU
Here for you, always
24/7 support for your banking needs
Banking with trust, expertise and care
Expanding the KBL family everyday
“Aap ka bank bharat ka karnataka bank”
Karnataka Bank
“It was very easy to use and helpful. The staff are very friendly and helpful”
Carol Dsouza
KBL Xpress Car Loan
“It was like quick, hassle-free, fully digital. Outstanding and excellent.”
Mr. Shadul Umaji Yadhav
KBL Mobile Plus
“I just wanted to open a new personal account. So my business partner recommended me to open an account in Karnataka Bank and I am quite happy with my decision. They (the staff) are very kind, very supportive and they attend to you very well.”
Karan Deodatta Pradeshi
Savings Account
“It was like quick, hassle-free, fully digital. Outstanding and excellent.”
Mr. Shadul Umaji Yadhav
KBL Mobile Plus
Got questions? We’ve got answers.
We offers smart vehicle loans for second-hand cars not older than five years.
Loan tenure can extend up to 84 months for new vehicles and 34 months for second-hand vehicles. Check our listed loans to know more.
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.
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.
Vehicle loans, encompassing both car and two-wheeler loans, are financial products designed to help individuals purchase vehicles. The key advantage of a vehicle loan is the immediate ownership of the vehicle without paying the full price upfront. They often come with competitive interest rates and can be processed quickly, facilitating an expedient purchase. Vehicle loans also provide the opportunity to build or improve your credit score through regular repayments.
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.
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.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.
