Home About Us
Product
EMI Calculator Blogs Contact Us Apply Now
New Car Loan

What is a New Car Loan?

A new car loan is a financing solution that helps you purchase your dream car without paying the full amount upfront. With Butterfly Fintech, you can get up to 100% funding, including registration, insurance, and accessories. Enjoy flexible repayment tenures from 1 to 7 years, competitive interest rates, and quick approvals in 24-48 hours—all with minimal paperwork and a completely digital process.

Why Choose a New Car Loan with Butterfly Fintech?

🚀 Swift Digital Application Process

  • 100% paperless application
  • Get approval in 24-48 hours
  • Quick disbursal process

From application to driving your new car—faster than you think

🔓 Up to 100% Funding

  • Finance your entire car purchase
  • Includes registration & insurance
  • Cover accessories and add-ons

Drive your dream car without breaking the bank

💪 Flexible Repayment Tenure

  • Choose tenure from 1 to 7 years
  • Affordable EMI options
  • Step-up and balloon payment options

Your loan, your terms, your budget

📱 Zero Hassle, Zero Visits

  • No branch visits required
  • Complete process from your phone
  • Dedicated relationship manager

We handle the paperwork, you enjoy the ride

🎯 Attractive Interest Rates

  • Competitive rates for salaried & self-employed
  • Special schemes and festive discounts
  • Zero processing fees on select offers

Every financial situation is unique—so is our approach

When Should You Get a New Car Loan?

Is a New Car Loan Right for You?

Consider getting a new car loan if:

You want to purchase a new car without paying the full amount upfront
You have a stable income and can afford monthly EMIs
You want to preserve cash flow for other investments
You're looking for tax benefits (for business owners)
You want to build or improve your credit score
You need financing for registration, insurance, and accessories

Not sure? Speak to our loan advisors for a free consultation.

Call Now: +91 91362 77694

The Butterfly Difference

Why 10,000+ Customers Choose Butterfly Fintech for New Car Loans

🏆 Partnered with 15+ Leading Banks & NBFCs

Get access to the most competitive rates in the market. We compare offers from our entire network to find you the best deal for your new car.

🛡️ Transparent & Trustworthy

No hidden charges. No processing fee surprises. What we quote is what you get. 100% transparent pricing model.

⚡ Technology-First Approach

AI-powered loan matching, instant eligibility check, and digital documentation mean you get approved faster with less hassle.

Discover the Benefits of
New Car Loan

New car loans offer easy and quick financing with approvals often within 24–48 hours and minimal paperwork, especially through many banks and NBFCs providing pre-approved offers. They come with flexible repayment tenures from 1 to 7 years, allowing you to choose affordable EMIs that suit your budget. Attractive interest rates, often lower than personal loans or credit cards, and options for 100% funding—including registration, insurance, and accessories—help reduce upfront costs and preserve cash flow. Additional benefits include tax deductions for business owners, improved credit scores with timely repayments, special schemes like zero processing fees and festive discounts, flexible repayment options such as step-up EMIs or balloon payments, and bundled add-ons like car insurance and roadside assistance that can be paid along with your EMI. - New car Loan

touch

Swift

Digital Application Process

Say goodbye to endless paperwork and a long waiting period. We offer a completely online process for quick and easy refinance approvals.

touch

Unlock

For Higher Funding Amount

Get substantial additional funds against your current vehicle's worth. Refinance your car loans up to 200 % of the value of your vehicle.

touch

Flexible

Repayment Tenure

Select a payment plan between 12 to 60 months according to your budget. Choose a longer repayment period in order to lower your EMI for enhanced financial flexibility.

touch

Hassles-Free

Documentation Process

To apply, simply submit your valid ID, address and income proof. Get additional funds over your existing loan with minimum documentation

touch

Tailored

Repayment Schemes

You can choose the ideal repayment plan for your financial needs from our diverse portfolio of banking partners, offering flexible, step-up, and balloon EMI options.

ELIGIBILITY
FOR NEW CAR LOAN

Salaried Individuals:

  • Age criteria: 21 to 60 years
  • Minimum employment of 2 years
  • Income proof
  • Car ownership detail

Self-Employed Individuals:

  • Age criteria: 25 to 60 years.
  • Minimum Business setup of 2 years
  • Income proof
  • Car ownership details

QUICK DOCUMENT CHECKLIST

  • Completed Application Form
  • A Recent Passport Size Photograph
  • Identity Proof (ID) (Any One)
  • Address Proof (Any One)
  • Income Proof (3 months Salary Slip)
  • Vehicle RC Copy
  • Loan Track Statement

Why choose New Car loan from Butterfly Fintech?

Refinancing an auto loan secures brand-new lending terms and a lower interest rate structured around your car’s current value instead of the original price. Butterfly Fintech offers current vehicle owners exclusive access to our customizable car loan refinance. We offer a smooth hassle-free digital application and approval process, choose Butterfly Fintech for a more smarter and affordable loan against your car.

Frequently Asked Questions

Stuck on something? We're here to help with all your questions and answers in one place.

Butterfly Mascot

A new car loan is a financing solution that helps you purchase a brand-new car without paying the full amount upfront. You can get up to 100% funding, including registration, insurance, and accessories, with flexible repayment options.

Butterfly Fintech offers competitive interest rates, flexible repayment tenures from 1 to 7 years, quick approvals in 24-48 hours, and a completely digital application process. We also cater to both salaried and self-employed individuals.

You stand to get these benefits from a new car loan:

  • Up to 100% funding including registration, insurance, and accessories
  • Flexible repayment tenures from 1 to 7 years
  • Competitive interest rates lower than personal loans
  • Tax benefits for business owners
  • Improved credit score with timely repayments
  • Special schemes like zero processing fees and festive discounts

Eligibility criteria for a new car loan is as follows:

  • Must be a citizen of India
  • Should be minimum 21 years of age if salaried. For those who are self-employed, the minimum age requirement is 25 years. Maximum age limit cannot exceed 60 years at the end of the loan term
  • Minimum employment of 2 years (salaried) or business setup of 2 years (self-employed)
  • Stable income with proof of income

The list of documents required for a new car loan are as follows:

  • Photo ID (PAN Card, Aadhaar Card, or Passport)
  • Address proof (Aadhaar Card, Utility Bill, or Rental Agreement)
  • Income proof (Last 3 months' salary slips for salaried, ITR of last 2 years for self-employed)
  • 6 months' bank statements
  • Car quotation/invoice from the dealer

From Butterfly Fintech, the interest rate would depend on your creditworthiness, loan amount, and loan term. We offer competitive rates starting from 8.5%* per annum, and further competitive rates would be offered as per your profile.

At Butterfly Fintech, our core objective is total transparency. We disclose all charges upfront. These include the processing fees, stamp duty, and prepayment penalties (if applicable). Some special schemes offer zero processing fees.

After having submitted the required documentation with Butterfly Fintech, it would take up to 24-48 hours for approval. The disbursal typically happens within 48-72 hours after approval.

Yes, there are "No Income Proof Financing" schemes available for eligible customers. However, these may have different terms and conditions. Please contact our loan advisors for more details.

If you have additional questions, please give us a call at +91 91362 77694 or email us anytime at info@butterflyfintech.com.

×

Get upto 200% loan on
your existing Car