Today, car manufacturers, banks and financial companies offer auto loans for individuals and companies, aspiring or planning to own a car. No longer are cars just a status symbol for the Indian families, it has become a household necessity. Car makers also find a market in two-wheeler users who are known to make the switch on account of medical complications that arise from riding their vehicles, among other things. Apart from first time car-buyers, there are also those who opt for a second or third car for their family. They are typically upwardly mobile users who graduate from utility vehicle to a luxury vehicle.
Lenders across the country offer finance depending on the car model and length of repayment period for new and used cars. These days the clients' negotiating skills goes a long way to define the final deal that is struck.

Many also offer refinance for an existing car loan, if there is a fall in the interest rate.

Following are the leading banks and financial institutions that offer car loan.