Drive Your Dreams Forward .
Hero FinCorp’s new car loan offers attractive rates and flexible options to help you own your dream car with ease and confidence
Your Loan, Your Way.
Hero FinCorp New Car Loans are designed to help you drive home the car that fits your aspirations, making every journey smoother for you and your loved ones
Loan Amount Up To ₹25 Lakhs
Finance your dream car—whether it's a compact hatchback or a premium sedan—with high loan amounts tailored to suit every buyer's needs.
Tenure Up To 10 Years (120 Months)
Enjoy flexible repayment terms with extended tenure options, helping you manage EMIs comfortably over a longer period.
100% Digital Process
From application to disbursal, experience a seamless, paperless process that saves time and lets you apply from anywhere.
LTV Up to 100% Against on Road Price
Get financing for the full on-road price of the vehicle—including insurance, registration, and taxes—so you can drive away without any upfront burden.
Attractive Interest Rates Starting at Just 9% p.a.
With interest rates starting as low as ~9% per annum, Hero FinCorp makes car ownership affordable. These competitive rates reduce your overall loan burden and help you plan your finances better.
All Care Car Loan – Fund Your Car’s Service Cost (Industry First)
A first-of-its-kind offering that lets you include maintenance and service costs within your loan, ensuring your car stays in top shape without out-of-pocket expenses.
Tier 2/3 Focus – Loans Designed for Deeper India
Tailored solutions for semi-urban and rural customers, ensuring credit access where it’s needed most, with simplified documentation and processing.
Overdraft Option – Flexi-Credit Bundled with Your Car Loan
Access an additional credit line linked to your loan—ideal for managing unexpected expenses without applying for a separate loan.
Guarantor Based Program
Don’t have strong credit history? You can still avail a car loan by opting for a guarantor-based model, expanding access to first-time borrowers.
Calculate Your EMI
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If You Are Eligible.
- Indian Residency: You must be a resident of India.
- Age: Applicants must be at least 18 years of age at the time of application. If you are below 25 years, a co-applicant may be required.
Interest Rate and Charges for New Car Loans.
Drive home your dream car without delays or complications. Hero FinCorp’s New Car Loan is designed to make your vehicle purchase smooth, affordable, and fully transparent.
Attractive Interest Rates: Benefit from competitive interest rates starting as low as 9% p.a., helping you save more over the loan term.
No Hidden Charges: With upfront disclosure and transparent terms, what you see is what you get. Say goodbye to surprise fees and fine print.
Easy EMIs, Your Way: Choose flexible repayment tenures and manageable EMIs that align with your budget and lifestyle.
Processing Fee: Just up to 3% of the loan amount, with no extra hassle - clear, straightforward, and fair.
How to Apply for New Car Loan?
Both in-person and online applications are accepted at Hero FinCorp for newly owned car loans.
Visit the Hero FinCorp website and go to the New Car Loan page .
Enter the required loan amount, interest rate and tenure in the New Car Loan EMI calculator. It will give you an estimate about the EMI you have to pay.
Under “Apply for Loan", provide the correct personal and professional details along with your mobile number and OTP received.
Then agree to the Terms & Conditions by ticking the checkbox and click on “Submit”.
The Latest Blogs.
Frequently Asked Questions.
Eligibility depends on your credit appraisal and financial history, and approval is at the company’s discretion. Typically, you must be an Indian citizen aged 18–60 (salaried) or up to 70 by loan maturity (self-employed).
Hero FinCorp offers new car loans from ₹50,000 up to ₹25 lakh. Actual Loan amounts depend on your credit profile, income, and the car’s ex-showroom price.
You can choose repayment tenures ranging from 12 months to 120 months, depending on your Profile.
New car loan interest rates typically start lower than used car loans—beginning around 9 % p.a.—subject to credit score and income.
Yes. Foreclosure/Prepayment are allowed subject to terms in your agreement.
Instant approval* and Disbursement will take additional one* day. Hero FinCorp aims to make the process quick and hassle-free.
Hero FinCorp finances up to 100% of the car’s On Road Price value, based on your credit and repayment capacity.
- Maintain a good credit score
- Increase your down payment amount
- Add a co-applicant with a strong credit profile
- Opt for a new model with higher resale value