• Quick Car Ownership : Get your dream new car without waiting to save up all the money (Avail up to 100% of On Road Cost)

• Flexible Financing : We lend you the funds needed to buy the car, and you pay us back in smaller, manageable installments or OD facilities.

• Enjoy the Newness : Experience the excitement of a brand-new car with all its latest features.

• Options Galore : Choose from a wide range of new car models that suit your taste and needs.

• Building Credit : Making regular payments can help improve your credit score over time.

• Warranty Coverage : Many new cars come with warranties that provide peace of mind.

New Car Loan Eligibility Calculator- Link to EMI Calculator

New Car Loan Eligibility Criteria for Top Banks :

• Age: Generally 21-65 years..
• Income: Minimum monthly or yearly earnings.
• Employment: Stable job with experience (1-2 years).
• Credit Score: Good score, often 700 or higher.
• Down Payment: A certain percentage of the car's cost
• Documentation: ID, address, income proofs, car papers.
• Loan Amount: Based on income and repayment ability.
• Debt-to-Income Ratio: Consideration of existing debts.

For Salaried Individuals

• Individuals who are at least 21 years old at the time of loan application and no older than 60 at the end of the loan tenure
• Individuals who have worked for at least two years, with at least one year with the current employer
• Individuals with a minimum earning of Rs. 2,50,000 per year, including the income of the spouse/co-applicant.

For Self Employed Individuals

• Individuals who are at least 25 years old at the time of application and no older than 65 at the end of the loan tenure.
• Those who have been in business for at least three years.
• Should earn at least Rs. 2,50,000 per year

Factors Affecting New Car Loan Eligibility :

• Credit Score
• Income Level
• Employment Stability
• Debt-to-Income Ratio
• Loan Amount Requested
• Down Payment Amount
• Loan Tenure
• Credit History
• Existing Financial Obligations

Documentation for New Car Loans