Own your favourite car that you have always dreamt with attractive features of a Car Loan. We offer car loans for New Car, Pre-Owned car and even a loan against car.
Features
- Loan up to 90% of the Car Value
- Loan tenure up to 5 years.
- Pre-Qualified Car Loans for existing customers
- Attractive rate of interest
- Easy documentation
Benefits
- Flexible repayment options.
- Tailor made schemes.
- Fast, Reliable and Personalized Service.
- Attractive deals from associated car dealers.
- Insurance cover for Loan Liability available, repayable along with EMI.
- Zero Pre-payment charges.
Loan Amount
The minimum loan amount for taking a car loan is Rs. 1,00,000. The maximum loan amount will depend upon the price of the car, model variant, profile of the customer, etc.
New Car
- Loan up to 100% of ex-showroom price of the car.
Pre-owned Car
- Loan up to 80% of the valuation of car with maximum tenure of 60 months* (can go further depending on profile)
- Hassle-free processing.
For salaried
- The applicant should be above 25 years old at the time of application, and upto 58 years of age at the time of maturity of the loan.
- Gross annual income of at least Rs. 2.50 lakh.
- The total employment stability should be more than 2 years and current employment stability of minimum 1 year.
For Self Employed Individuals
- Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity.
- Gross annual income of at least Rs. 2.00 lakh.
- Current business stability should be 2 years or total more than 3 years.
Parternership Firm
- Firm should have a minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L.
- Current business stability should be 2 years or total more than 3 years.
Private public ltd co
- Limited companies should have been in existence for at least 3 years.
- Minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR