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Vehicle Loan

At Purple Loans, we recognize that owning a vehicle—whether a two-wheeler, car, or commercial transport—is more than just a purchase: it's a milestone. That's why our Vehicle Loans are designed to be accessible, reliable, and tailored to your needs—so you can get on the road sooner, with confidence and clarity.
Your Vehicle, Our Finance
Whether you're purchasing a brand-new model or opting for a pre-owned vehicle, Purple Loans supports you with comprehensive vehicle financing. We fund a significant portion of your vehicle’s price—often up to 90–100%—so your savings can stay invested where they matter most.
Why Choose Purple Loans Vehicle Finance?
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Up to full funding availability: We cover most of your vehicle’s on-road price for new purchases, minimizing your upfront cost.
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Secured with no extra collateral: Your vehicle serves as collateral, so you don’t need to pledge another asset.
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Prepayment flexibility: Prefer to clear your loan early? Purple Loans permits prepayments and closures in line with tenure milestones, reducing long‑term financial burden.
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Simple documentation: Apply online with minimal paperwork—just ID, address, income verification, and vehicle pro forma invoice or purchase details.
Who Can Apply?
Vehicle loans at Purple Loans are open to both salaried and self-employed Indian residents. Eligibility is based on income stability, fair credit history (preferably above 700 CIBIL), and standard KYC. For used vehicles, we finance those that meet vehicle-age guidelines and inspection criteria. A co-applicant such as a spouse or parent may support the application if needed, and our team guides you at every step.
Flexibility You Can Drive With
Our vehicle loans accommodate a wide range of needs—from first-time car buyers and seasoned two-wheeler users to entrepreneurs investing in commercial vehicles. Loan amounts and repayment schedules can be tailored to your budget, ensuring EMI levels stay manageable throughout the tenure.
Why Purple Loans Stands Apart
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Customer-first approach: We simplify vehicle financing with transparency and quick turnaround.
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Consistent support: From application guidance to post-disbursement assistance, we’re with you every step.
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Affordable access: By financing most of the vehicle’s price and offering flexible terms, we reduce affordability barriers.
Empowering Every Journey
At Purple Loans, we believe that mobility catalyzes opportunity. With our transparent, user‑friendly vehicle finance solutions, you're not just buying a vehicle—you’re moving forward. Let us help you take the wheel on your next journey—efficiently, responsibly, and confidently.