Car Loan

A car loan is a great way to drive your dream car without making the complete payment upfront. You don’t need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement.
with newer technologies and lesser resources, the cost of cars is on a rise, often making it extremely difficult for the average individual to purchase their vehicle outright only using one’s savings.
One of the greatest car loan benefits in India is that the loan is secured against the car itself, so, you do not have to mortgage your property or other assets to get a car loan.
Buying a car was a life dream for everyone who could shell out those huge amounts of money

All loans are not created equal, car loan has become a great option for people to use.

This keeps you assured of a fixed repayable amount on a monthly basis.

Car loan borrowers can avail loans up to Rs. 1.5 cores, comprising of 100% of the car price.

First and foremost, it is immensely pocket friendly. It is obvious that a second-hand car will cost less.

Most banks have reasonable EMIs within flexible tenure options to offer on Car loans.

Any self-employed professional, public and private companies are eligible for a car loan.

Maximum age of applicant at loan maturity: 60 years

Minimum Net Monthly Income: Rs 25,000

Applicant should have the bank specified credit score.

The following documents are required along with your Car Loan application:

Personal Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
Home Address proof (copy of passport/voter ID card/driving license/Aadhaar)
Bank statement of previous 3 months (Passbook of previous 6 months
Latest salary slip/current dated salary certificate with the latest Form 16

*Service Tax and other Government taxes, etc. applicable as per prevailing rate will be charged over and above the Fees and Charges.

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