Drive Your Dream Car with Ease
Get behind the wheel of your dream car with our Car Loan, designed to make your purchase hassle-free. We offer competitive interest rates and flexible EMI options to fit your budget. Enjoy a long repayment tenure of up to 8 years, giving you ample time to manage your finances. Our loan covers up to 100% of the on-road price, including registration, insurance, and extended warranty. Benefit from our daily reducing balance interest calculation, ensuring you pay less over time. Apply now to drive your new car home with ease and confidence.
- Lowest Interest Rates & Flexible EMI Options
- Longest Repayment Tenure (up to 8 years)
- 100% On-Road Financing
- On-Road Price Covers Registration, Insurance, and Extended Warranty
- Interest Calculated on Daily Reducing Balance
- For New Passenger Cars, Multi-Utility Vehicles (MUVs), and SUVs
Eligibility Criteria
To qualify for a Car Loan, you need to meet specific criteria designed to ensure your ability to repay the loan. We consider various factors to provide you with the best financing options.
- Age Requirement: Applicants must be between 21 and 65 years old.
- Income Stability: Proof of steady income from employment or business is required.
- Credit Score: A good credit score enhances your chances of approval and favorable terms.
- Employment Status: Applicants should be employed or self-employed with a stable job history.
Other Loan Solutions
Still Confused?
For personalized assistance and guidance on your Car Loan application, please fill out the form below, and one of our advisers will get in touch with you.
Documents Required
To apply for a Car Loan, you need to provide certain documents to verify your identity, address, and financial status.
Salaried
- Statement of the bank account for last 6 months.
- 2 passport size photographs
- Proof of Identity
- Address Proof
- Income Proof: Latest Salary Slip, Form 16
- I.T. Returns or Form 16 for the last 2 years.
- Proof of Identity: (copy of any one) Passport / PAN Card / Voters ID card / Driving License etc.
- Address Proof: (copy of any one) Ration card / Driving License / Voters ID card / Passport / Telephone Bill / Electricity bill / Life Insurance policy.
Note:
- Form 16/ITR is waived for our Salary Package customers who are maintaining their salary account with the Bank for minimum 12 months.
- Statement of Bank Account (for six months) is waived for our Salary Package customers who are maintaining Salary account with us.
Non-Salaried/Professional/Businessman
- Statement of the bank account for last 6 months.
- 2 passport size photographs
- Proof of Identity
- Address Proof
- Income Proof: ITR for last 2 years
- I.T. Returns or Form 16 for the last 2 years.
- Audited Balance sheet, P&L statement for 2 years, Shop & establishment act certificate / sales tax certificate / SSI registered certificate / copy of partnership.
Process
How to Apply
Step 1
Review the eligibility criteria to ensure you meet the requirements.
Step 2
Collect all necessary documents for verification.
Step 3
Complete the loan application form in person.
Step 4
Provide your documents for verification and processing.
Step 5
Receive your loan approval and get your funds disbursed.