Why Choose a Car Loan?
Discover the Benefits!
A Car Loan allows you to purchase your dream vehicle without draining your savings. Here are some common reasons why people opt for a Car Loan:
✔ Vehicle Purchase: Easily finance the purchase of a new or used car, making it affordable to own a vehicle.
✔ Flexible Payment Options: Choose from various repayment plans to fit your budget and financial situation.
✔ Upgrade Your Ride: Upgrade to a newer model or a better-equipped car to enhance your driving experience.
✔ Build Credit History: Timely repayments can improve your credit score and enhance your financial profile.
✔ Avoiding Depreciation Loss: Instead of paying the full price upfront, you can manage payments while enjoying the benefits of ownership.
Features
• High Loan Amount: Get loans up to ₹1 Crore depending on the car’s market value and type.
• Competitive Interest Rates: Benefit from lower interest rates compared to personal loans.
• Flexible Repayment Tenure: Choose a repayment period of up to 7 years.
• Quick Approval Process: Enjoy fast processing with minimal documentation.
• No Prepayment Penalty: Easily repay your loan early without extra charges.
Documentation
Personal
• Passport Photo / Selfie: Recent passport-sized photograph or a clear selfie.
• Identity Proof: PAN Card & Aadhaar Card.
• Address Proof: Utility bills or Passport.
Income Proof
• For Salaried Individuals: Salary slips, Form 16, and bank statements for the last 6 months.
• For Self-Employed Individuals: Last 2-3 years’ income tax returns, audited financials, and bank statements for the last 6-12 months.
Vehicle Documents (Before Loan Sanction)
• Proforma Invoice: Quotation from the dealer showing the vehicle’s price.
• Vehicle Registration Certificate (RC): Proof of ownership once the vehicle is purchased.
• Insurance Document: Valid insurance cover for the vehicle.
Vehicle Documents (After Loan Sanction)
• Loan Agreement: Legal document outlining the loan terms and conditions.
• Hypothecation Agreement: Document stating the lender’s right to the vehicle until the loan is repaid.
• Vehicle Inspection Report: Bank may require an inspection to assess the vehicle’s condition.
Why Process Through Us?
• Priority processing with minimal paperwork and quick approvals.
• Expert guidance to secure the best car loan offers from leading banks.
• Transparent process with no hidden charges, acting as your trusted advisor throughout.
Ready to Apply?
Ready to Drive Your Dream Car? Unlock the possibilities with a Car Loan today! Our dedicated team is here to assist you at every step of the journey!
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Calculator Disclaimer: The calculated repayment amount is an estimate for illustration only. Actual amounts may vary. Contact us for accurate details. This is not a quote, approval, or financial advice.