New Car Loans
New Car Loans
Car Loans is the ideal way to finance your new set of wheels. Now you can acquire your favourite small car, sedan or luxury vehicle with flexible repayment options.
Apply EMI CalculatorFeatures
- Avail 90% on road cost or 100% on Exshowroom cost whichver is lower. For diesel and electric car, margin on Ex show room cost to be 5 %
- Tenor – maximum period 84 months
- Quick and speedy processing.
- Repayment through convenient EMIs
- Financial based product.
- Convenient and Attractive Rate of Interests
- Minimum / hassle free documentation
*Terms & conditions apply
Eligibility
Salaried Individuals:
- Minimum age of Applicant - 21 years
- Maximum age of Applicant at loan maturity - 60 years
- Minimum Monthly Gross Salary should be Rs.20000/-
- Minimum annual salary may be changed as Rs.2.40 Lakhs.
- Minimum Employment Stability - One year in current employment and total experience of 2 years
Self-Employed / Professionals:
- Minimum age of Applicant - 21 years
- Maximum age of Applicant at loan maturity - 65 years
- Average taxable income as per ITR should be at least Rs.2.40 lacs p.a
- Minimum Business Continuity - 3 years in same business
Partnership Firms:
- Minimum Income – Rs. 1,20,000/-
- Minimum Business Continuity - 3 years in same business
Private Limited Company:
- Minimum Income – Rs. 1, 20,000/-
- Minimum Business Continuity - 3 years in same business
Public Limited Company:
- Minimum Income – Rs. 1, 20,000/-
- Minimum Business Continuity - 3 years in same business
Fees & Charges
- Please click here for detailed Schedule of Charges for Loans and Advances
- Please click here for detailed Schedule of Charges of Savings Account
More Info
- Please click here for documents required
- Please click here for application form
- Please click here for for loan agreement copy of Vehicle-Loan
