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About New Car Loan
A Car loan is an amount of money a customer borrows from a lender to purchase a new car. Today it has become very easy and convenient for a customer to get a car loan. There are easy monthly installment options available for a customer to repay the car loan amount.
Anyone who is a salaried employee, Businessman, corporate, or NRI can avail of our car loan. With attractive and better interest rates, you can get car loans with up to 100% financing on-road price.
The Interest rates on car loans depend on the credit score or CIBIL score of an applicant and also it is calculated on reducing Balance.
Car loan process
- Select the car you want to buy.
- Fill Out the Application & complete the procedure.
- You will receive a loan Sanction Letter.
- You will get an Approval of Loan.
- At the end you will have your Loan Amount Disbursal.
If You Are Looking For Car Loan, You Can Avail
Upto 100% of on-road price
Amount to suit the criteria of your loan
1 to 7 years
Flexible Tenure for easy repayment
7.5% to 18%
Competitive Interest Rates
No Hidden Charges
Transparent Processing
Car Loan Eligibity
- Minimum age should be 21 & maximum age 65 years at loan maturity.
- Minimum Income per annum should be Rs. 2,50,000
- Minimum 2 years of employment in current profession/company.
- Professional stability and minimum 1 year business vintage for self-employed professionals.
Documents Required
- Passport size photographs
- Identity proof like Voter ID, Driving license, Passport, Aadhar Card.
- Age proof (LC, Pension payment receipt, LIC policy, etc.)
- Address proof (Rent agreement, Ration card, Electricity bill, Property tax receipt, etc.)
- Income proof (3 months salary statement & 6 months Bank statement)
Features of Car loan
Car Loan characteristics and Benefits
- Finance for purchasing a car.
- Upto 100% of on-road price available as finance.
- Tenure range of Car loan from 1 year to 7 years.
- Instant finance on seleceted cars.
- On manufacturer-lender tieups, discounts and offers are also available.
- Easy EMI's are there in Repayment structure.