Vehicle Loan

Overview

The decision to own a car should be well researched but not a difficult one to make as it is an asset that relieves you of your transport woes. With the numerous car options available in the market, it’s quite easy to be an owner of the vehicle of your dreams. Our car loans give you the flexibility to select an ideal car through our hassle-free finance options.

The car loans interest rates offered are best in the industry. Here are a few salient features of our car loan offering:

Who can Apply?

  • Salaried
  • Professional
  • Self Employed

What document is required

In case of Salaried Individuals

  • Proof of identity (Aadhar Card, Passport, Voter ID card, Driving license, PAN card)
  • Proof of residence (Aadhar Card, Ration Card, Driving License (recent, legible, laminated), Voters ID Card, Passport Copy, Telephone Bill, Electricity Bill)
  • Bank Statement/Pass Book of last 6 months
  • Latest salary slip and Form 16 as income proof
  • Life Insurance Policy

In case of Self Employed Individuals (Sole Proprietorship)

  • Proof of identity (Aadhar Card, Passport, Voter ID card, Driving license, PAN card)
  • Proof of residence (Aadhar Card, Ration Card, Driving License (recent, legible, laminated), Voters ID Card, Passport Copy, Telephone Bill, Electricity Bill)
  • Bank Statement/Pass Book of last 6 months
  • Latest Income Tax Returns (ITR) as income proof
  • Life Insurance Policy

Self Employed Individuals (Partnership Firms / Company)

  • All the following documents as income proof: (Audited Balance Sheet, Profit & Loss Account of the previous 2 years, Company ITR for the previous 2 years)
  • Proof of residence (Shop & Establishment Act Certificate, Telephone Bill, Electricity Bill)
  • Bank Statement/Pass Book of last 6 months
  • SSI Registered Certificate
  • Sales Tax Certificate

*All documents to be self attested.

Why opt for Personal Loan

  • Hassle-free loan application process
  • Minimum Documentation
  • Quick approval
  • Quick and easy loan procedures and disbursement
  • Attractive interest rates on Car Loans
  • Up to 100% ex-showroom funding with competitive interest rates on auto loans
  • Calculate your monthly payments with our easy Loans Calculator
  • Diverse loan options based on individual requirement
  • Varied repayment options
Rate of Interest:8% onwards
Processing Fees:Varies as per banks
Max Loan:1 Lac onwards
Tenure:1-30 years
Other Information:Vehicle Loan
Sanction TAT:7 working days
Sanction Validity:3 months
Disbursement TAT:2 days
Lock In period:6 Months
Repayment / Foreclosure Charges (of Loan amt outstanding):0%
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