Apply for Vehicle Loans

Eligibility Requirements for Vehicle Loan

Minimum Age

The minimum age for applying the Vehicle Loan is 21 years.

Maximum Age

The maximum age is 60 at the time Loan Application.

Self-employed people

Both the salaried as well as the self-employed people can apply for the loan.

Minimum work experience

The minimum work experience for a salaried applicant is one year with a minimum salary as low as Rs. 12,000/ per month.


In the case of a self-employed, the applicant must be in the same business for at least two years.

Living in same address

The applicant must be living in the same address for at least one year.

Existing Loan commitments

The applicant should also declare their existing loan commitments, if any

Bank Statements

There should not be any check bounces in the last 12 months of the bank statement.

Credit Information Report (CIBIL/Equifax/CRIF Highmark / Experian)

There should not be any negative remarks on the Credit Report irrespective of whether closed earlier or active at the time of Loan Application.

Why should you Avail Vehicle Loan

Rakesh Credits Ltd offers many features and benefits that will suit all your financing requirements and help you purchase your dream vehicle

Loan Amount

Rakesh Credits Ltd provides up to 60%* financing on the present Market Value of the vehicle.

Quick disbursal

Rakesh Credits Ltd offers the fastest Vehicle Loan in India with the disbursal of the loan amount in just 12 hours after your loan gets approved.

Ease of applying

All you need to do is fill-up the Loan Application Form and give the copy of Vehicle records at the nearest Branch or you can Apply online and can upload necessary records and get your loan approval process started.

Minimal documentation

It involves a quick, easy and minimum documentation process.

Fulfil Your Need

You can get Loan up to 60%* of value as per valuation report for your vehicle opted to buy.

Competitive interest rates

With interest starting from 12% p.a., Rakesh Credits Ltd offers competitive interest rates in the pre-owned vehicle financing market.

Online access

From the time your loan application is approved, you can check all your transaction online on the Rakesh Credits Ltd's customer portal

Starting Soon...

Features of Mahila Personal Loan


Easy loan


You deserve a better business loan

We usually follow 4 steps to get a better business loans.


Apply in 10 minutes

Please provide your personal information along with vehicle and insurance details


Hear from us in 1 hour

Once you have submitted, we will check the data and call you back


A decision in 12 hours

We will verify the documents and approve your application within 12 hrs


Your loan is funded

Once approved, fund will transfer to seller account by NEFT/RTGS

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