Vehicle Loan

Drive Home Your Next Vehicle, Sooner

Whether it's your first two-wheeler, a family car, or a commercial vehicle for your business, MONOC helps you finance it with a loan structured around your budget and repayment comfort. We work with banks and NBFCs offering competitive rates on new and used vehicles across Kerala.

Key Features

• Financing for two-wheelers, cars, and commercial vehicles
• New and select pre-owned vehicle financing options
• Loan-to-value up to a high percentage of the vehicle's on-road price
• Quick approval, often tied to dealership timelines
• Flexible EMI tenure from 12 to 84 months depending on vehicle type

Who Can Apply

• Salaried or self-employed applicants with stable income
• Age typically 21–60 years
• Valid driving license (can usually be arranged post-loan for first-time buyers, as per lender policy)
• Reasonable credit history

Documents Required

• Aadhaar, PAN, and address proof
• Income proof: salary slips or ITR/business proof
• Bank statements (last 3–6 months)
• Vehicle quotation/proforma invoice from the dealer

Interest Rate & Tenure

Indicative rates start from around 8.5% p.a.* for new vehicles, with slightly higher rates applicable for used/commercial vehicles.

Why Apply Through MONOC

We coordinate directly with dealers and lenders so your loan approval keeps pace with your vehicle booking timeline — no unnecessary delays at the showroom.