Vehicle Loan in Srikakulam
Showroom finance is convenient, but it is rarely the cheapest and the processing charges are often hidden in the on-road price. Bring us the quotation before you sign and we will tell you what the same vehicle costs financed through our panel.
- Rates from
- 8.15% p.a.*as published by HDFC Bank
- Amount
- Up to ₹50 lakh
- Tenure
- Up to 7 years
- Typical sanction time
- 1–5 days
- Lenders on panel
- HDFC Bank · ICICI Bank · YES Bank · Federal Bank · Bandhan Bank
Who it suits
When a vehicle loan is the right answer
- New car, two-wheeler or commercial vehicle
- Used car purchase from a dealer or private seller
- Tractors and farm equipment
- Refinancing an existing costly vehicle loan
What we do differently
On this product specifically
Compare against showroom finance
Bring the dealer's quote. We will show you the total cost both ways.
Used vehicles too
Including private-party purchases, which most showrooms will not finance.
Fast turnaround
Most vehicle loans are sanctioned within a few working days.
Work out the EMI
What a vehicle loan would cost you monthly
Set to typical values for this product. Adjust them, then carry the figures straight into your application.
8 lakh
60 months
Monthly EMI
₹16,279
18%of what you repay is interest
- Principal
- ₹8,00,000
- Total interest
- ₹1,76,716
- Total payable
- ₹9,76,716
Indicative only. Your actual EMI depends on the rate the lender sanctions.
Documents
What to bring for a vehicle loan
Pick the description that fits you. Anything you cannot find, tell us — there is usually an alternative the lender will accept.
Everyone needs these
- PAN card
- Aadhaar card
- Two passport-size photographs
- Proof of current address — Aadhaar, electricity bill, rent agreement or passport
Income proof
- Last 3 months' salary slips
- Last 6 months' bank statement of the salary account
- Form 16 or Income Tax Returns for the last 2 years
- Employee ID card or appointment letter
Vehicle documents
- Proforma invoice or dealer quotation for a new vehicle
- Registration certificate and valuation report for a used vehicle
- Existing driving licence
Do not have everything? Come in anyway — an incomplete set is enough for a first conversation, and we will tell you exactly what is still missing.
Other loans we arrange
* Lowest starting rate published by a lender on our panel (HDFC Bank), checked on 19 August 2026. Rates are indicative and are not an offer. The rate you are actually offered depends on your credit score, income, loan amount, tenure and the lender’s prevailing rates, and is confirmed only in the lender’s sanction letter. Processing, legal, valuation and other charges levied by the lender are additional and will be disclosed to you in writing before you proceed.
Varahi FinCare is a channel partner and not a lender; the loan is sanctioned at the sole discretion of the bank or NBFC.