Guide to Buying Your Car or Bike with Vehicle Loans on Dhanteras 2025

Dhanteras has always been considered to be an auspicious day for making significant purchases, including that of vehicles. The festival of wealth of prosperity, Dhanteras marks the beginning of Diwali. Many automobile companies offer special deals and discounts during this time, and many banks and NBFCs provide multiple offers on vehicle loan schemes, which is just another reason why Dhanteras 2025 can be the perfect time to buy a new car or bike.

Table of Content

• Why Buy a Car or Bike on Dhanteras 2025
• Why Is it Easier to Get a Vehicle Loan around Dhanteras?
• The Significance of the CIBIL Score
• Things to Remember

Why Buy a Car or Bike on Dhanteras 2025

Auspicious Timing

Diwali and Dhanteras are the best times for making major purchases in India, as they are believed to bring lasting prosperity. In fact, many Indian families also perform a Lakshmi Pooja before taking their new car or bike on the first drive. The purchase also becomes a part of your Diwali celebrations, which means that it not only becomes a practical purchase but also an emotional milestone.

Festive Offers

Many dealerships have festive deals and discounts for Diwali and Dhanteras, which include, but are not limited to:

• Exchange Bonus Schemes: Many dealerships offer car exchange bonuses, where they give extra trade-in value for your old vehicle, which can range anywhere from Rs 20,000 to Rs 75,000 or more (depending on the dealership).
• Cash Discounts and Corporate Offers: Get a flat discount on the vehicle’s ex-showroom price. There are also special corporate discounts on offer for employees of partner companies.
• Loyalty Benefits: Upgrading within the same brand as your old vehicle may come with extra discounts, warranty extensions, and service packages.
• Accessories and Insurance Bundles: You may also get accessory sets and vehicle insurance for free when you buy a car or bike from certain brands.

Why Is it Easier to Get a Vehicle Loan around Dhanteras?

A vehicle loan is one of the most convenient ways to finance your car or bike purchase, and during the festive season, a vehicle loan becomes even more beneficial. Whether you are looking for a bike loan or a car loan, here is why Dhanteras 2025 is the right time for making the purchase:

Lower Interest Rates

With the coming of the festive season, there is a rise in demand for cars and bikes. In response to this, many loan providers tend to come forward with competitive interest rates on festive vehicle loans. During the high season, these loans are always more economical and generally come with lower interest rates. This provides you with several options to choose from to ensure that you can avail yourself of a competitive vehicle loan interest rate.

Easy EMI and Repayment Options

The rise in demand for vehicles as well as vehicle loans leads to lenders offering attractive plans and borrowing schemes. This also includes festive financing options with tailored repayment schemes that offer superior flexibility, zero-percent loans, and comfortable EMI facilities. Lenders allow borrowers to choose from various equal monthly installments and even allow them to increase the EMI amount as their income goes up. In several cases, lenders offer the option of prepaying festive loans with zero penalties.

Zero Down Payment and No Processing Fees

Generally, when you apply for vehicle loans, you are required to pay a certain percentage of the vehicle’s price upfront as a down payment. These loans also involve a small processing fee that can be deducted from the final loan amount that is sanctioned, added to the principal amount borrowed, or paid upfront by the borrower. However, in the festive season, many lenders offer zero down payment loans with a minimal processing fee. Some lenders also offer complete waivers on the processing fee, along with extra benefits for borrowers who secure the loan online.

Easy Eligibility

During the festive season, the markets are full of consumers on the lookout for car loan and bike loan options and to meet this demand, lenders tend to ensure that the eligibility criteria for festive vehicle loan offers are simple and easy to meet. Borrowers generally only need to provide proof of residential and work stability.

The Significance of the CIBIL Score

The CIBIL score is issued by the Credit Information Bureau (India) Limited and is a 3-digit number between 300 and 900. This is your credit score that is calculated on the basis of your credit history and summarises your repayment behaviour with loans and credit cards.

The CIBIL score is a critical factor that is taken into consideration by lenders before approving a vehicle loan. A minimum score of 750 is generally considered to be eligible for loans, but during the festive season, some lenders may offer relaxed eligibility for the credit score as well. A higher credit score reflects financially responsible behaviour, which increases your chances of getting favourable borrowing terms, a lower vehicle loan interest rate, and higher loan amounts.

Suggested Read: Understanding Two-Wheeler Loans: Everything You Need to Know

Things to Remember

Here are some tips that can help you ensure that you get the best vehicle loan option this Dhanteras:

• Assess Your Needs: Identify what you are looking for in a car or bike. Then, do some research to shortlist the brands and models that you can buy based on your budget.
• Explore Your Options: Look for the dealerships selling your preferred vehicles and check the festive deals they are offering. Also, look for corporate offers at your company and available offers at an NBFC or bank that you have an existing relationship with.
• Compare: Compare at least 3-4 loan offers based on the interest rate, eligibility, repayment options, loan tenure options, and part- and pre-payment penalties. This will make it easier for you to choose the borrowing scheme that suits your requirements and repayment capabilities the best.
• Book Early: As mentioned, Dhanteras and Diwali will see a significant rise in demand for vehicles, which means that if you want to ensure that you get timely delivery for the make and model you want to buy, you must book early.

Suggested Read: Personal Loans vs. Car Loans: Key Differences Explained

During the festive season, you will be able to avail attractive offers on vehicle loans, which will give you more options to choose from, while saving costs in the long run. This is why Dhanteras 2025 is one of the best times for you to avail yourself of a loan to finance a two- or four-wheeler purchase.