Loan Products > Auto Loan
Drive Your Dream
The right vehicle can open up more possibilities for the journeys, responsibilities and moments that matter. MHPL provides financing for eligible new vehicles, helping make four-wheeler ownership more accessible with flexible options and clear guidance. Drive your dream car with MHPL while planning your purchase without paying the full cost upfront. Our auto loan options help you spread the cost through manageable instalments, with support to understand the requirements and applicable terms.
Loan at a glance
40% and above
Minimum Down Payment
8% - 9.25%
Starting Rate
12- 120 Months
Max Tenure
Brands
Interest Rates
The more you put down, the less you pay in interest
| New Auto Loan Rates | |||
|---|---|---|---|
| DOWN PAYMENT | INTEREST RATE | TENURE | |
| 40% and above | 8% | 12- 120 Months | |
| Pre-Owned Auto Loan Rates | |||
|---|---|---|---|
| DOWN PAYMENT | INTEREST RATE | TENURE | |
| 40% | 9.25% | 60 Months | |
| 50% | 8.25% | 60 Months | |
EMI Calculator
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DOCUMENTS REQUIRED INDIVIDUAL APPLICANT
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INSTITUTATIONAL LOAN
*Note: Required documents may vary depending on the nature of the business/ income. The above are the basic required documents.
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Learn MoreFrequently Asked Question
What vehicles can I finance?
How much can I borrow, and what are the terms?
Can I use the vehicle for business or taxi use?
What income documents are needed?
Do I have to buy from your listed dealers?
Can existing customers get a new or top-up loan?