Vehicle loan
Vehicle Loan is offered by Muthoot Capital Services Limited (MCSL) and available through select branches of Muthoot FinCorp Ltd. Two wheeler loan and Used car loan are the products Muthoot Capital Services Limited and available through select branches of Muthoot FinCorp Ltd.
Muthoot Capital Services Limited specializes in providing Vehicle loan for the common man
Two-wheeler Loans
Up to 100% loan of the on-road price of bikes and scooters at attractive interest rates starting at 0.99%* p.a. and easy EMIs.
Used Car Loans
Your dream of owning a car is now a reality with our Used Car Loans. We offer hassle-free loans to buy a used car of choice at low interest rates.
*T&C apply
Benefits and Features of Vehicle Loan from Muthoot Capital Services Limited
An automobile is a symbol of style for many, and a matter of convenience for the one who owns it. Whether you are looking for a second-hand car or a brand new bike or scooter.
Flexible Repayment Options
Understanding your needs, we offer flexible repayment options. You can choose loan tenures… read more ranging from 12-48 months for two-wheelers and 12-60 months for second hand cars.
Quick and Easy Documentation
Muthoot Capital Services Limited makes the process of loan approval and disbursement quick and easy. … read more We have specified minimum documents to make the process convenient to save your time for other useful things in life.
Attractive Interest Rates & Special Schemes
We are committed in offering you the attractive interest rates on our loans. … read more Additionally, we make the loan more attractive with low down payment options and flexible EMIs schemes.
Maximum Loan Coverage
Our loan to value is among the best in the industry with 100% on Two Wheelers under specific… read more schemes and up to 90% on Used Car. Please contact our customer care representative at 1800-102-1616 for details.
Last Mile Presence
With close to 3500 branches and growing, nationwide, you can walk into your nearest Muthoot Fincorp branch and get … read more the loan you need to own your dream ride.
Vehicle Loan Eligibility Criteria
Our vehicle loan eligibility criteria is simple because we wish to help everyone achieve freedom & benefits of mobility. The eligibility criteria vary as per the applicant’s employment status.
- Age of the Applicant – The minimum age when applying for the loan should be 18 years for two-wheeler loans and 21 years for used car loans. The maximum age when the loan comes to an end should be 65 years.
- Income – Income requirements will vary across loan categories and whether you are salaried or self-employed.
Please visit the used car loans page and two wheeler loan page to know more.
Hassle Free Documents for Vehicle Loan
Our vehicle loan documentation is easy and hassle-free. Just put together the following documents and help yourself to a convenient auto financing with Muthoot Blue.
Address Proof
- Passport / Ration card / Voter ID / Driving License / Electricity or Landline bill issued within the previous 3 months / Registered Rental Agreement
Identity Proof
- Driving License / Voters ID Card / Passport / Ration Card / Driving License / Photo Credit Card / PAN Card / Employee ID card for Government servants
Income Proof
- Income requirements will vary across loan categories and whether you are salaried or self-employed.
Please visit the used car loans page and two wheeler loan page to know more.
How to Apply for an Vehicle Loan from Muthoot Blue
We ensure a trouble-free vehicle loan experience keeping all your requirements and convenience in mind and we make it easy for you to apply for a loan. You can check out the option that best suits your needs.
-
Walk into Muthoot Fincorp Branches
Our executive at the Muthoot Fincorp branch will help you understand all the requirements and complete the loan application process very quickly
-
MCSL representative at the automobile dealership
At the dealership, spot the Muthoot Blue representative for best consultation and they will help you complete the loan application with no hassle.
-
Muthoot Capital
Please click here to visit the corporate website of Muthoot Capital Services Limited. Click on Apply Now, fill in the details, and click submit. Our customer care representative will get in touch as soon as possible to complete the formalities.
-
M-Power Mobile App
Download our app and apply.
-
Call us
Our call centre executives will help you understand the eligibility criteria and take you through all the benefits and schemes of our Two-wheeler loan and Used Car loan. All you have to do is call on 1800-102-1616 and choose your desired language to converse.
First-hand account of customer experiences
MUTHOOT BLUE SOCH STORIES
Hi, my name is Jeevanand. I have a shop at Chrompet, 44. I have been running this shop for many years. Muthoot Blue branch has been opposite to my shop since many years now. They often come and speak to me and explain their products. I have been taking SME loans from them as they have great customer service and their interest rates are also lesser compared to many other finance providers. I have always seen customers walk into the Muthoot Blue branch and come out happily. ...
Blue Soch – Brand Showcase
-
#RestartGame #RestartIndia with Muthoot Blue | Jab Zindagi Badalni Ho
-
Muthoot Fincorp | Gold Loans | TV Commercial #01
-
Muthoot Fincorp Two Wheeler Loans | Hamara Zamana
-
Muthoot Fincorp Two Wheeler Loans | Football
Frequently Asked Questions
Vehicle loan is a way to finance the purchase of vehicles such as scooters, bikes, cars etc. Once the loan is taken to buy an automobile, the customer makes monthly payments to repay the same over the period chosen under the vehicle loan scheme. The vehicle loan terms depend on your income and credit history, among other factors.
Muthoot Capital Services Limited has auto finance options for up to 100% of the on-road price of the vehicle purchased including two-wheeler and used car. Visit any Muthoot FinCorp branch for more details.
To get a vehicle loan, the following documents are needed:
- A proof of identity: Any one of the following – passport, Aadhaar card, voters ID, diving license and PAN card.
- An address proof: Any one of the following passport, Aadhaar card, voters ID, driving license, telephone bill, electricity bill, gas connection bill, ration card and LIC policy.
- Income proof: Any one of the following, income tax return, form 16, pay slip, and salary credit in bank statement.
- Asset proof: Latest land/building/house tax receipt.
- A recent passport size photo.
At Muthoot Capital Services Limited, the interest rates for Two Wheeler Loan start as low as 0.99%* per annum and 8.99%* per annum for used car loans. Visit any Muthoot FinCorp branch or call us on 1800-102-1616 for complete information. *Terms and conditions applicable.
To be eligible for a two-wheeler loan from Muthoot Capital Services Limited:
- A salaried person should make an income of Rs 96,000 per annum
- A self-employed person should make a net profit of Rs 1,20,000 per annum.
To be eligible for a used car loan from Muthoot Capital Services Limited:
- A salaried person should make an income of Rs 15,000 per month
- A self-employed person should make a net profit of Rs 1,50,000 per annum.
Vehicle loan from Muthoot Capital Services Limited can be prepaid at any time. You will only have to pay a nominal charge for this. There are no hidden charges involved when you opt for vehicle finance from Muthoot Capital Services Limited. Contact 1800-102-1616 for details.
If you are looking to finance your automobile purchase make sure that:
- Your credit report is up to date
- Estimate how much EMI can you afford. As a rule of thumb EMIs should be less than 10% of your income.
- Walk into any Muthoot FinCorp branch or apply online for your vehicle loan.
To find the nearest Muthoot FinCorp branch, use the Branch Locator provided here:
https://www.muthootfincorp.com/branch-locator
Select your state and district from the drop-down menu to find the list of branches near you.
For more details you can call us at 1800-102-1616
Muthoot FinCorp Branches
If you have been searching ‘vehicle loan near me’, we are here to serve you. Find your nearest branch and pay us a visit!
-
Muthoot FinCorp Ltd.
-
2.5 KM from chennai
Triplicane -
No 39/1, 1st Floor, Ellis Road, Kuppu Muthu Street
Triplicane
Chennai – 600005
Near Srinivasa Hotel -
Open until 05:30 PM
-
Muthoot FinCorp Ltd.
-
3.8 KM from delhi
Kamla Nagar -
No 12A, Ground Floor, GT Karnal Road, Malka Ganj
Kamla Nagar
New Delhi – 110007
Opposite Punjab Shoe -
Open until 05:30 PM
-
Muthoot FinCorp Ltd.
-
2.9 KM from bangalore
Fraser Town -
No 88, Ground Floor, Coles Road
Fraser Town
Bengaluru – 560005
Opposite Reliance Fresh -
Open until 05:30 PM
Why Choose Muthoot Blue for an Vehicle Loan?
Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. Today, Muthoot Fincorp, our flagship company, is one of the largest NBFCs in India and we continue to work with the aim of providing timely credit to common man with Blue Soch. Vehicle loans are designed to make it easy to own one’s dream ride!
- We have over 4200 branches across India. Visit your nearest Muthoot Fincorp branch to get a loan quickly and without any hassle.
- Nearly 1,00,000 customers walk into our branches daily and are assured of trustworthy and simple services.
- Our customer-centric approach and innovation over the past 137+ years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.
Need Help?
Please feel free to contact us. We will get back to you. Or just call us now.
