Secure Financing for Your New or Used Car
Drive Your Dream Car with an Easy Car Loan!
A Car Loan helps you purchase your dream vehicle with minimal paperwork, quick approvals, and attractive interest rates. Whether you're buying a new or used car, our flexible loan options ensure a smooth and convenient financing experience.
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Get instant access to car financing with flexible terms and minimal documentation.
Key Features and Benefits of Our Car Loan
Securing a car loan is easier when you meet the eligibility criteria and have the necessary documents ready. Follow these steps to improve your approval chances and get the funds you need to purchase your dream car.
Before applying, ensure you're well-prepared:
Create a solid car purchase plan outlining goals & financial projections.
Check your credit score to understand financial health.
Determine the loan amount needed based on car requirements.
Conduct market research to compare options & rates.
Keep all required documents ready for a smooth application.
Documents Required to Apply for a Car Loan
Ensure you have the following documents ready to make your loan process quick and smooth.
Income Tax Returns
Last 2–3 years
Bank Statement
12 months current account
PAN Card
Valid PAN document
Address Proof
Aadhaar, Voter ID, Passport
Vehicle Quotation/Invoice
Quotation or Invoice of the car
For Used Cars
Insurance & Registration Certificate
Car Loan Eligibility Criteria
To qualify for a loan, you need to meet certain conditions. Lenders evaluate several parameters before approving your loan application.
Age Criteria
Min. 21 years at application, Max. 65 years at maturity
Debt-to-Income Ratio
Within lender’s acceptable limits
Employment Stability
Proof of steady job or business continuity
Income Criteria
Minimum ₹15,000 per month for salaried & self-employed
Credit Score
700+ preferred
Cash Flow
Assessed for repayment capacity
Residency
Must be a Resident Citizen of India
Repayment History
Clean record of past repayments