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Loan Details
Super Fast Car Loan Scheme
Simple and convenient financing solutions designed to help you purchase your dream car.
Features & Benefits
- Super fast sanctioning of the loan
- Lowest EMI per lakh Rs.1556/- pm for 84 months
- 90% funding Ex-showroom road
Purpose
- Purchase of new car/electric car
Quantum of Loan
- Max Rs.100.00 lakhs.
Margin
- 10% ex-showroom / On road
ROI
7.95% p.a
Above 700 cibil score
8.35% p.a
650 cibil score to 700 cibil score
Documents / Income Proof
- Prescribed loan application form.
- Latest photograph, photo identity proof, residence proof of the applicant.
- Proforma invoice of the authorized dealer.
- In case of the salaried person, salary certificate, salary slips for last 6 months and bank statement for the last months or ITR or form 16 of the latest one year.
- In case of businessmen: last 3 years balance sheet and profit and loan account. ITR copies of last 3 years, and bank statement of business account for last 6 months.
Security
- Hypothecation of the vehicle
Surety
- One guarantor to be accepted
Tenure / Repayment
- Salaried and businessmen: Maximum 7 years.
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