Carloana is a platform that helps car buyers choose their car and financing options in a few clicks. The process is divided into five steps, the first being to choose a car from an extensive range based on the buyer’s budget.
The second step involves evaluating the interest rate, margin requirement, and EMI options offered by different banks. The buyer can choose the bank and EMI plan that matches their budget. In the third step, the buyer can choose the period for which they want to own the car.

Carloana takes care of car maintenance and insurance, scheduling appointments, and managing insurance claims. At the end of the tenure, the buyer can retain or return the car at a guaranteed buy-back price.
Carloana offers bonuses for good driving habits and any sale consideration achieved over and above the resale value stipulated under the chosen scheme is given back to the buyer.