Car Loan
A car loan/car finance can be availed individually or jointly with close relatives. Car finance/car loan are secured loans where the car itself is used as a collateral and offered to salaried and business persons with lowest interest rates and flexible repayment terms.
Eligibility criteria
We offer auto loans for your favourite car. Check below the eligibility criteria for the same
- Nationality should be Indian.
- Minimum age: 21 years and Maximum age: 60 years (Salaried) and 65 years (Self-employed).
- Net income should be Rs. 10,000 per month or above.
- Applicants should have working experience for at least 2 years.
- Applicants must stay at their current residence for at least 1 year.
Documents required
Below are the documents required for applying for car loan
- KYC documents (Aadhar card / Voter's ID / Passport / PAN card).
- Income proof ( Salaried: Current 6 month's salary slips / Past 3 month's bank statement / Form-16 / Updated ITR and Self-employed: Past 3 month's bank statement / Balance sheets / P&L accounts / Updated ITR ).
- Signature verification.
- Copy of vehicle registration certificate.
Loan EMI
66,736
Loan EMI
66,736
Principal Amount
50,50,000
Interest Amount
29,58,335
Total Payable Amount
80,08,335