Car Loan: How to Apply?

Car Loan


Long-drives with friends and you’ve got the perfect recipe of happiness. To give a car loan, car companies say ‘it’s your right to commute comfortably’. Auto-financing should be fast and hassle-free. You can dream a car, but can impulse decisions that change your lifestyle.

How Does a Car Loan Fuel your Car Dream?

  • Financial institutions are Financing up to 85% of the vehicle price including registration costs
  • Maximum Loan tenure is 6 years
  • Fastest Turn Around Time in the industry
  • Special arrangements with renowned vehicle dealers
  • Full or partial early payment option of the loan amount before the expiry
  • Technical advisory service through vehicle diagnostic report.

How can you use this loan?

Brand new or reconditioned noncommercial private vehicles such as Sedan car, SUV, Jeep, Micro-bus etc. can be financed by car loan. It could be for personal or family use. You can avail this facility to have a car.

When You are Eligible for Car Loan?

You can apply for this loan right now if you meet the following:

  • Regular income from a sustainable & valid source of employment or business
  • For service holders just 12 months of work experience
  • Or 3 yrs of business experiences for self-employed
  • Age of the main income earner should be within 65 years at the end of proposed loan tenure.
  • Model of the vehicle should not be more than 5 yrs old.

Required Documentation for Car loan:

Copy of Identity Card

Photographs  of Applicants

Photographs  of  Guarantors

Latest electricity bill

Last 12 months transaction history

Latest tax certificates

Salary certificate

Pay slips

For business profiles, documents related to any permission related issues from necessary

authorities

Acceptance of Car quotation from vendor

How to APPLY FOR Car LOAN?

Fill-in the required information on application form

What type of loan do you need? Select the option of car loan

Type Your Name

Type Your Address

Type Your Business Name

Type Business Sector

Give the Business Experience

Give Contact Number

Give Email Address

Submit after signing

Read: Car Financing Plan.

A car loan will be beneficial for you when you are eligible for paying installments with your extra money. We mean by extra money is the money after all expenditures. On the other hand, car loan will be a sorrow thing for you if you are likely to be out of debt.

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