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Vehicle Loans

If you have a dream car or motorcycle, go for it. We will back you in your journey to happiness in life!

Highlights of our Vehicle Loans

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Purpose
Loans will be disbursed for purchase of new and old 2-wheelers and 4-wheelers
Individuals
Indians and Non-Resident Indians are eligible
Amount
Loans can be availed for up to a maximum amount of Rs 20 lakhs
Who can get?
Individuals and companies are eligible to avail vehicle loans
Age
In order to avail loan, you must be aged between 18 and 75
Repayment
Our vehicle loans can be repaid in 36, 60 or 84 months

Vehicle Loans

The Vehicle Loan details are given below.

New Car Loan
Avail of a loan to buy a brand-new car
Used Car Loan
Loans to help you instantly realize your dream of owning a car
New Two-Wheeler Loan
Get the best loan options to buy a new two-wheeler today
Used Two-Wheeler Loan
We help you to swiftly realize your two-wheeler dream
Frequently Asked Questions

Some of the loan-related queries posed to us by customers

How can I apply for a car loan with Lokanethra Credits?
Apply online through this website or visit the nearest branch. You may also call us anytime. After we receive your completed application along with necessary documents like income proof, identity proof and purchase invoice we will carry out the processing of your loan.
What collateral should I give for getting loan from you?
Your vehicle itself is used as collateral. It will be hypothecated to our bank for the duration of the loan period. No other security or collateral is required.
How can I make the EMI payments for my loan?
You can choose either of 1) Standing Instruction which can be done if you have an existing savings, salary or current account with us. We will debit your EMI amount automatically at the end of the month from your account. 2) Electronic Clearing Service which can be used if you have a non-Axis Bank account or 3) Post-dated Cheques.
Are there any charges for foreclosure of the loan?
There should not be any outstanding dues before foreclosure. Once you submit a foreclosure request with us, we will begin processing your request. A few charges are applicable.