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   Finance
    Eligibility | Loan Amount | Rates & Fees | Documentation | How to Repay
 
 
The # 1 financier for car loans in the country.
Network of more than 1800 channel partners in over 1000 locations.

Tie-ups with all leading automobile manufacturers to ensure the best deals.
Flexible schemes & quick processing.
Hassle-free application process
 
Eligibility
Particulars Salaried Individual Self-Employed Individual Partnership Firm Private/Public Ltd. Co.
Age Criteria The applicant should be atleast 21 years old at time of application, and below 60 years of age at time of maturity of the loan Any Proprietor, partner, professional or director above 21 years of age but below 65 at the time of the loan's maturity   Limited companies should have been in existence for at least 2 years
 
Income Criteria Income Criteria Gross annual income above Rs 60,000 Firm should have a minimum PAT (profit after tax) income of Rs 60,000 Minimum PAT (profit after tax) of Rs 60,000
Loan Amount
New Car

  • We finance upto 95% of the ex-showroom cost of the car.

  • The Loan amount also depends on the car model. Higher loan amounts are available under specific enhanced income eligibility criteria.

  • Minimum loan amount for new car Loan is Rs.1 lac.
Used Car

  • For a used car, we finance up to a maximum of 90% of the valuation of the car

  • Minimum loan amount for a used car loan is Rs. 75000/-
Loan Enhancement

  • To enhance your loan amount, the certified income of the co-applicant can be considered, if requested by the applicant.

  • The co-applicant can be the spouse or son/daughter living in the same city.

  • Similarly, in case of a partnership firm or a limited company one of the partners or a director can be taken a co-applicant / guarantor for increasing the loan amount.

  • However, in both cases, the asset has to be registered in the name of a single owner, not joint ownership.
Rates & Fees
We offer most competitive interest rates in the industry.
  • Interest rates depend on Car model, Loan Tenure, Customer & Location.
  • Interest is calculated on a monthly reducing balance.
Documentation
Salaried Individual Self-Employed Individual Partnership Firm Private / Public Ltd Co
 
Application form Application form Application form Application form
 
Photograph Photograph Photograph of signing partner Guarantor's photograph (for private limited company only)
 
Proof of bank account continuity One proof of income (ITR for the last two years ) Last two years' income proof (audited account or ITRs + CA certified financials) Last two years audited financials
 
One income proof for the last two years (ITR, Form 16, salary slip) One proof of residence (driving license / voters' identity card / ration card / passport / utility bills for the last 3 months) Partnership deed Certified true copy of the MOA & AOA
 
One proof of identity (driving license / voters' identity card / passport / PAN card / photo credit card / photo ration card) One proof of residence (driving license / voters' identity card / ration card / passport / utility bills for the last 3 months) Partners authority letter Board resolution (format available on request)
 
One proof of residence (laminated driving license / voters' identity card / photo ration card / passport /utility bills for the last 3 months / company ID - limited company or government / PAN card) One proof of office address (utility bill / lease deed / excise or sales tax receipt / Shops and Establishment Act Registration)    
 
    Eligibility | Loan Amount | Rates & Fees | Documentation | How to Repay
 
 
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