Vehicle Loan :
Affordable Auto Loans to Drive Your Dreams
Auto Loan – Features & Benefits
Secured Loan: The car acts as collateral, leading to lower interest rates.
High LTV: Get financing for 80-100% of the car's value, reducing your down payment.
Flexible Tenure: Choose a repayment period of 1 to 7 years.
Quick Processing: Many lenders offer fast, digital approvals.
Improve credit score with timely repayments
Auto Loan Eligibility Overview
Eligibility for an auto loan depends on your income, credit score, employment stability, and existing financial obligations. Lenders assess these factors to determine your repayment ability. Meeting the criteria boosts your chances of approval.
Financial Flexibility: Buy a car without using all your savings.
Credit Building: Timely payments improve your credit score.
Tax Benefits: Interest is tax-deductible if the car is used for business.
General: Application form, identity proof (PAN, Aadhaar), address proof, and vehicle invoice.
For Salaried: Last 3-6 months' salary slips, last 6 months' bank statements, and last 2 years' ITRs.
For Self-Employed: Last 2-3 years' ITRs with audited financials, last 12 months' bank statements, and business proof (e.g., GST registration)..
