Vehicle Loan
Drive Your Dream Vehicle with Easy & Affordable Financing
Whether you’re planning to buy your first bike, a family car, or a commercial vehicle, CoverBee makes it easy with tailored vehicle loan solutions that suit your budget, lifestyle, and business needs. With our network of trusted lenders and digital-first process, you can access low-interest loans, quick approvals, and complete support from selection to disbursal.
What is a Vehicle Loan?
A Vehicle Loan is a secured loan provided to individuals and businesses to finance the purchase of two-wheelers, four-wheelers, or commercial vehicles. These loans are repaid in affordable EMIs and come with flexible tenures and competitive interest rates.
Whether you’re buying a brand-new car, used vehicle, or upgrading your fleet, CoverBee helps you compare multiple lenders and choose the most suitable loan plan.
Features of CoverBee Vehicle Loans
Loan Amount: Up to 100% of vehicle on-road price
Tenure: 1 to 7 years
Interest Rates: Starting at 8.75% p.a.*
Minimal documentation & quick approval
No hidden charges
Option to refinance or top-up existing vehicle loan
Documents Required
For Salaried Individuals:
Identity & address proof (Aadhaar, PAN, etc.)
Latest salary slips
Bank statements (last 3–6 months)
Quotation or proforma invoice of the vehicle
For Self-Employed / Business Owners:
KYC documents
Business proof (GST, trade license, etc.)
ITR or audited financials
Bank statements
Why Choose CoverBee for Vehicle Loans?
Compare Across 30+ Lenders
Access multiple loan options from top banks and NBFCs in one place.
Lowest Interest Rates
We negotiate the best rates so you save more on EMIs.
100% Digital Process
Apply online, get approved quickly, and track your loan with ease.
Fast Disbursal
Receive funds directly to the dealership or your account in 24–48 hours.
End-to-End Support
Dedicated loan advisors to guide you from application to vehicle delivery.
Vehicle Loan FAQs
Any salaried or self-employed individual with a stable income and good credit history can apply for a vehicle loan.
You can get up to 100% of the on-road price of the vehicle, depending on the lender and your profile.
Yes, but interest rates may be higher. Some lenders offer loans to individuals with lower credit scores after additional checks.
Typically, 24–72 hours, depending on the completeness of documents and lender processing time.
You can choose a repayment tenure ranging from 12 months to 84 months (7 years).
Yes, most lenders allow prepayment or foreclosure, often with minimal or no charges.
Tax benefits are applicable only on commercial vehicle loans under certain business provisions. Personal vehicle loans don’t have tax deductions.