CARS24

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Why CARS24?

Planning for any big monetary expenditure takes a lot of consideration. Buy it up front or on loan? Short-term EMI or long-term? To make it simpler for you, CARS24 offers flexible finance options so you can buy your next car your way. You can opt for up to 6 year loan tenure, with zero down payment for eligible customers and lowest EMI options. So don’t pass on your dream car for a lack of immediate funds – just finance it your way.

How does it work?

Found a car you want to buy? Visit the CARS24 app or website and click on ‘Check EMI Offers’. You will be prompted to share basic details along with your income and KYC. We will analyse your profile, check your credit score, and let you know whether you are eligible for a pre-approved loan or the lowest EMI on offer, and if you can opt for zero down payment. Once the loan is sanctioned, you can take delivery of your car with your selected loan tenure. Even if you aren’t eligible for zero down payment, don’t worry, you can still pay a minimum down payment and finance your car.

Frequently asked questions

What amount do we have to pay upfront to take car delivery?arrow

You need to pay a down payment amount only if you are ineligible for Zero Downpayment option which you can check on our application or website.

Is this applicable on all the cars?arrow

Absolutely! It is applicable on every single car listed on our platform.

Is there an eligibility criteria for the customer to qualify for the loan scheme?arrow

Yes! The eligibility criteria is based on customer’s profile, which includes their occupation, CIBIL score, income, and other factors.

How can the customer know if they are eligible for the Zero Downpayment scheme?arrow

A customer needs to click on “Check EMI offers” on the CARS24 app or website. Here, he/she will need to enter the relevant details - profile, banking and KYC. Basis the assessment, a minimum down payment amount will be shared with customer immediately. Here, if the customer is eligible for Zero Down Payment, then the minimum down payment amount will be shown as zero.

Does the customer need to pay the loan processing fee and other charges upfront?arrow

Not required! The loan processing fees and other changes are included in the loan amount itself, which will be paid back via EMIs.
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