Car Loan aims to ensure that you drive around the city in your vehicle! New Car Loan offers car loans from Rs. 1 Lakh up to 100% on-road price along with benefits.
Before applying for a car loan online, make sure to use the car loan calculator to find out your EMI.
New Car Loan
- Loan AmountRs.1 Lakh onward
- Applicable car loanROI starting at 7.30-9.25% p.a.Upto 100% on road funding
- Maximum tenure up to 8 years
Pre-owned Car Loan
- Loan AmountRs.1 Lakh onward
- Applicable car loan up to 85% funding of the valuation amount
- Maximum tenure up to 5 years
Loan against Car
- Loan AmountRs.1 Lakh onwards or 50% of the original loan amount
- Applicable car loan interest rate starting at 15%p.a
- Maximum tenure up to 5 years
Balance Transfer and Top Up Car Loan
- Loan AmountMinimum Rs.1,00,000Maximum Rs.30,00,000
- Applicable car loan interest rate starting at 15 p.a.Up to 150%* of the original loan amount as a top-up
- Maximum tenure up to 5 years
Smart Buyback Car Loans
- Loan amounts. 1 Lakh onward
- Applicable car loan up to 100% ex-showroom funding
- Maximum TenureChoose from 3 or 4 years
MOST IMPORTANT TOOL IS AVAILABLE AT EVERY BANK WEBSITE FOR 95% WORK DONE THERE, IT'S NAME IS
"Car Loan EMI Calculator"
Documents required for Car Loan
General Documents:
- Application Form
- Proforma Invoice
- Passport Size photograph of each applicant
- KYC Documents
Documents Required | Individual Cases | Non-Individual Cases | ||
---|---|---|---|---|
Salaried | Self Employed | Partnership Firm/ Trust/ Society | Private Limited/ Limited Companies | |
Office / Business Proof | NA | Telephone Bill/ Electricity Bill/ Shop Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement/ Regd Lease with other Utility Bills | NA | |
Income Proof | Latest 2 Salary Slips Latest Form 16 | 1. Latest ITR | Audited Balance Sheet/ PL Account ITR for latest 2 years | |
Bank Statement | Latest 3 Months Bank Statement | Latest 3 Months Bank Statement | ||
Age Proof | PAN / Driving Licence/ Passport/ Birth Certificate | NA | ||
Sign Verification Proof | PAN / Passport/ Bankers Verification | NA | ||
Employment / Business Continuity Proof | Copy of Appointment Letter/ Date of Joining on Salary Slip/ ITR of Form 16/ Work Experience Certificate/ Relieving letter | Shop Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement | Shop Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement | |
Additional Documents | NA | PAN Cards/ Authority Letter by all partners Board Resolution for Trust / Society | List of Directors Shareholding Pattern/ PAN Card/ Board Resolution/ Certificate of Commencement of Business for Ltd. Co. |