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   Finance
    Features & Benefits | Eligibility | Documentation | Fees & Charges
 

 
If you are looking for finance to buy your Car, you have come to the right place. We offer hassle-free Car Loan with the best terms for funding at the most attractive rates in India. Just decide on the make & model, and our Car Loan will bring it to your driveway in no time.

 
  Type of Loans Advantages  
 
New Vehicles
Used Vehicle / Refinance
Balance Transfer
Top-Up loans

Maximum Financing
Simpler documentation
Quick processing
Customised EMI structure
 
 
Eligibility
Salaried Individuals
  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 58 years
  • Minimum employment: 1 year in current employment and minimum 2 years of employment
  • Minimum Annual Income: Rs 100000 net annual income
  • Telephone: Must at residence
Self Employed
  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Minimum employment: Atleast 3 years in business
  • Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a for mid-sized and premium cars
Partnership Firms
  • Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a for mid-sized and premium cars
  • Minimum turnover: Turnover Rs 4.5 lacs
  • Telephone: One phone at least at business and at residence of the loan executing partner
Private Limited Company
  • Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a for mid-sized and premium cars
  • Minimum turnover: Turnover Rs 4.5 lacs
  • Telephone: One phone at least at business premises
Public Limited Company
  • Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a for mid-sized and premium cars
  • Minimum turnover: Turnover Rs 4.5 lacs
  • Telephone: One phone at least at business premises
 
Documentation
Salaried Individuals
  • Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
  • Income Proof:- Latest salary slip with form 16.
  • Address Proof:- Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
  • Bank Statement:- Not mandatory
Self Employed
  • Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
  • Income Proof:- Latest ITR
  • Address Proof:- Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
  • Bank Statement:- Waived for small cars, for mid - sized and premium cars if income Is greater than Rs 1.5 lacs then bank statement requirement can be waived.
Partnership Firms
  • Proof of Identity:- NA
  • Income Proof:- Audited balance sheet, Profit & loss Account for latest two years and the latest 2 years IT returns of the company
  • Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
  • Bank Statement:- Waived for small cars, for mid - sized and premium cars if income Is greater than Rs 1.5 lacs then bank statement requirement can be waived
Private Limited Company
  • Proof of Identity:- NA
  • Income Proof:- Audited balance sheet, Profit & loss Account for latest two years and the latest 2 years IT returns of the company
  • Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
  • Bank Statement:- NA
Public Limited Company
  • Proof of Identity:- NA
  • Income Proof:- Audited balance sheet, Profit & loss Account for latest two years
  • Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
  • Bank Statement:- NA
 
Fees & Charges
 Cheque bouncing chargesRs. 450 
 FC Charges4 % of POS for preclosures with 1 year from 1st EMI 
  3% of POS for preclosures after 1 year from 1st EMI 
 Stamp DutyAt actuals 
 Late Payment Penalty2% per month 
 Processing feesRs. 400 
 Other Charges- 
 Valuation chargesUsed Cars - RS. 500 per case 
 Asset verification chargesCar-n-Cash - RS. 350.00 per case 
 
    Features & Benefits | Eligibility | Documentation | Fees & Charges
 
 
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