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Loan Against Car

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For Salaried Individuals

 

  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
  •  Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
  •  Those who earn a minimum of ₹ 2,50,000 per year, including the income of the spouse.
  •  Individuals who own a car and have paid at least 9EMIs if there is an active loan on their car.

For Self-Employed Individuals

 

  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure.
  •  Individuals who have been in business for minimum 2 years.
  •  Those who earn a minimum of ₹2,50,000 per year.
  •  Individuals who own a car and have paid at least 12 EMIs if there is an active loan on their car.
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Documents Required for Car Loan

  • Aadhar card
  • PAN Card
  • Last 2 years ITR as proof of income
  • Salary Slip (latest 3 months) For salaried
  • Salary account statement(latest 6 months) For salaried
  • Signature Verification Proof
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