Car Loan

Car Loan

Get the car of your dreams with finance in the form of a Car Loan which is simple and handy. No huge lump sums for repayment, rather it may be spread out over several years in Equated Monthly Installments.

Features of Car Loan

• Finance is available for both new and used car purchases.
• Finance is available for 85% to 90% of the on-road price. Depending on the vehicle's on-road pricing, some lenders also provide 100 percent financing.
• The loan value or loan amount might be up to three times your annual income.
• On selected vehicles, instant financing is also available.
• On dealer or manufacturer-lender tie-ups, there are additional savings and offers available.
• Until the loan is repaid in full, the car is used as collateral.
• Repayment plan that is simple to understand.

Car Loan Eligibility Criteria

SALARIED PERSON

• Indian nationals 
• Minimum age is 21 years old.
• At the time of loan maturity, the maximum age is 60 years old.
• Minimum monthly income of Rs. 35,000
• Employment: 2 years minimum, with 1 year with current employer
• A good track record of saving and professional steadiness

 

SELF EMPLOYED INDIVIDUAL.

• Indian nationals 
• Minimum age is 21 years old.
• At the time of loan maturity, the maximum age is 60 years old.
• Minimum of two years in current profession.
• Vintage of at least one year in business