Dreaming of owning a car ? How Smartly Finance Your Car Loan ??️

Comments · 865 Views

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.

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 RequiredIndividual CasesNon-Individual Cases
SalariedSelf EmployedPartnership Firm/ Trust/ SocietyPrivate Limited/ Limited Companies
Office / Business ProofNATelephone 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 BillsNA
Income ProofLatest 2 Salary Slips Latest Form 161. Latest ITRAudited Balance Sheet/ PL Account ITR for latest 2 years
Bank StatementLatest 3 Months Bank StatementLatest 3 Months Bank Statement
Age ProofPAN / Driving Licence/ Passport/ Birth CertificateNA
Sign Verification ProofPAN / Passport/ Bankers VerificationNA
Employment / Business Continuity ProofCopy of Appointment Letter/ Date of Joining on Salary Slip/ ITR of Form 16/ Work Experience Certificate/ Relieving letterShop Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c StatementShop Establishment act Certificate/ SSI or MSME Registration Certificate/ Sales Tax or VAT Certificate/ Current A/c Statement
Additional DocumentsNAPAN Cards/ Authority Letter by all partners Board Resolution for Trust / SocietyList of Directors Shareholding Pattern/ PAN Card/ Board Resolution/ Certificate of Commencement of Business for Ltd. Co.
 
Comments