This car loan is designed to make owning your dream vehicle simple, fast and affordable, with support at every step. Ideal for salaried and self-employed buyers, it offers flexible tenures, competitive interest rates and minimal paperwork for stress-free borrowing. Apply online or with assisted support for a smooth, transparent process from application to disbursal. Whether you are buying your first car or upgrading, you get customized EMIs to fit your monthly budget and lifestyle. With quick approval and doorstep assistance, you can focus completely on choosing the right car while we handle the finance. Dedicated customer support ensures a hassle-free journey, right from application to final closure in Bahariya Sikandra Allahabad.
Quick approval with minimal documentation Flexible tenure options to suit your budget Competitive interest rates for lower EMIs Easy online application and tracking High loan amount eligibility on new cars Transparent charges with no hidden costs
Check your eligibility and keep basic KYC, income, and bank documents ready. Fill out the online car loan application form with accurate details. Upload required documents or submit them to the nearest branch representative. Choose a suitable tenure and EMI plan. Review and confirm the offer, then sign the agreement digitally or in person. After approval and verification, the loan is disbursed directly to the car dealer, and you can take delivery of your car.
A car loan is a secured loan offered to help you purchase a new or used car without paying the full amount upfront. The lender pays the dealer, and you repay in fixed monthly EMIs over a chosen tenure with interest. The car is hypothecated to the lender until full repayment.
The minimum salary for a car loan varies by lender, but many banks and NBFCs typically require a net monthly income of around ₹15,000–₹25,000 for salaried applicants. Lenders also look at your existing EMIs, credit score, and employment stability before deciding eligibility and maximum loan amount.
Some lenders offer up to 100 percent on-road funding on a car loan, especially for select models or eligible customers with strong credit profiles. However, many usually finance 80–90 percent of the on-road price. Your income, credit score, and relationship with the lender affect the final loan-to-value offered.
For personal use cars, car loan EMIs do not offer any tax deduction in India. However, if the vehicle is used for business or professional purposes and purchased in the business’s name, you may claim tax benefits on interest paid and related expenses, subject to prevailing income tax rules and proper documentation.
For a car loan, you typically need identity proof, address proof, recent photographs, bank statements, salary slips or income proof, and, for self-employed, business proof and ITRs. Lenders may also request dealer proforma invoice of the car. Requirements can vary slightly by bank or NBFC, so always confirm beforehand.
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08:00 AM - 08:30 AM, Thursday, Nov 24, 2024
Indian Standard Time
Shahanab
