Product Overview
- Customized Car Loan Solutions with attractive interest rates without any kind of third-party guarantee.
- Quick Processing and Hassle free loans with minimum documentation requirements which could be repaid in convenient easy monthly instalments.
Funding
We fund 80 to 90% of the Car’s Ex-Show Room Price.
For Pr-Owned Cars, we can fund up to 75% of the Car’s Market Value.
Criteria
An Applicant could apply for a Car Loan in his own Individual capacity. If required, any of his immediate family member could act as a co-applicant for the sake of fulfilling his eligibility or other stability norms.
Quantum
Maximum Tenure of 7 Years based on the credentials as well as restricted to Bank’s Policies and other criteria norms.
CIBIL Score
Financial Institutions and Banks will check the Credit Report which is downloaded from Credit Bureau of India Ltd website to understand the applicant’s & co-applicant’s past repayment history and also to understand the existing Loan obligations serviced by the Individual. Based on this past History and Loan Obligations, the Financial Institutions finally appraise the said proposal for final sanctioning. Based on the Cibil score, the final Car Loan interest rates could also vary.