Loading...
303 / 3rd floor, Balaji Niwas, Yari Road Versova , Andheri West, Mumbai +91 8828441770 yourskype

Car Loan Eligibility

• Upto 95% funding available for new cars
• Upto 100% funding available for used cars
• Loan period is usually between 1 to 5 years.
• Interest is calculated on the basis of compound interest.
• Equated Monthly Instalment (EMI) is worked out for repayment.
• Early settlement of the pending amount is available subject to pre-payment penalty.
• One of the most important benefits is that you save your precious time by applying online, as the Car loan process is quite simple. Your Car loan gets approved within a day or even on the same day of application.

Eligibility Criteria for Car Loan

For Salaried

• Minimum age of Applicant: 21 years.
• Maximum age of Applicant at loan maturity: 58 years.
• Minimum employment: 1 year in current employment and minimum 2 years of employment.
• Minimum Annual Income: Rs 1,80,000 net annual income.

For Self - Employed

• Minimum age of Applicant: 21 years
• Maximum age of Applicant at loan maturity: 58 years
• Minimum employment: At least 3 years in business
• Minimum Annual Income: Net profit Rs. 3,00,000 P.A for Standard Cars and Rs.6,00,000 P.A for mid-sized and Premium Cars

Documents Required

For Salaried Employees

• KYC Documents (Photos/PAN Card)
• Proof of Identity (Passport Copy/Voters ID card/ Driving License).
• Address Proof (Ration card Tel/Elect. Bill/ Rental agreement / Passport copy)
• Bank Statements(latest 6 months bank statement /Passbook)
• Latest salary slip or current dated salary certificate with latest Form 16
• Car Booking Payment Receipts.
• Performa Invoice.

For Self - Employed

• KYC Documents (Photos/PAN Card)
• Proof of Identity (Passport Copy/Voters ID card/ Driving License)
• Address Proof (Ration card Tel/Elect. Bill/ Rental agreement / Passport copy)
• Bank Statements(Last 1 Year bank statement /Passbook)
• Last 3 Years ITR File with Balance Sheet and PL Statement.
• Last 5 Years Business Proof(Est.Registration/Tax Receipts)
• Car Booking Payment Receipts.
• Performa Invoice.

Emi Calculator

Loan Amount
Interest % (Per Year)
Number of Months
EMI Per Month

Oh snap! Change a few things up and try submitting again.
Well done! Your message was sent succssfully!

Our Partners