Can I get car loan for 10 years?

Can I get car loan for 10 years?

What is the tenure of the car loan? With IDFC FIRST Bank, you have the flexibility to choose a tenure that suits your car finance budget. We offer tenure of up to 10 years, subject to certain conditions. Our representative can work with you to establish the right tenure for your application.

Can a car loan be 7 years?

If you’re shopping for a new or used car, you may consider taking out an 84-month auto loan, which is a term of seven years. Before you go this route though, you should understand why this kind of loan can be risky — and whether alternative financing might be a better option.

Which bank provides maximum tenure for car loan?

Best Car Loan Providers in India

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Bank Car Loan Interest Rates Maximum Loan Tenure
HDFC Bank Car Loan Rates 13.75\% Fixed 7 years
SBI Car Loan Rates 7.25\% Floating 7 years
ICICI Bank Car Loan Rates 7.90\% Fixed 7 years
Axis Bank Car Loan Rates 7.45\% Fixed 7 years

Can you get a 120 month car loan?

The average car loan term in 2018 is around 72 months – six years. Some lenders and credit unions, however, offer extended loan terms of anywhere from 96 months (eight years) to 120 months (10 years).

Can you get a 8 year car loan?

Six- and seven-year loans are becoming an increasingly popular choice — and some lenders will even stretch out those payments eight years. These long-term loans allow buyers buy the vehicle they want with the monthly payments they can afford.

What is the minimum tenure for car loan?

Your car loan tenure can be anywhere from 12 to 60 months. Some banks offer car loans with a tenure of up to 7 years for new cars. What is the maximum amount of loan that I can avail? Banks usually provide loan of 80\% to 90\% of car price (considering the ‘on road price’).

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Can you get a 15 year auto loan?

Typically, a bank won’t finance any vehicle older than 10 years, even if you have good credit. If you don’t have great credit, you may find it difficult to finance through a bank, even for a new car.