Car Loan availability and eligibility criteria


Car Loan availability and eligibility criteria
Car loans are available for an amount up to 100% of the market value of the car,
Car loans are available for a repayment time from 3 years to 5 years.
Car loan can be obtained by any public servant, government employee, self-employed person, or businessman.
To obtain a car loan in India the person should be an Indian national only.

Eligibility Criteria: -
Age of applicant should not be less than 21 years.
Age of applicant at loan maturity should not be more than 60 years.
Net Monthly Income should be at least Rs. 1, 50,000 per year.
Income should be proved stable.
If your spouse is an earning hand, you can make him/her co-applicant. This will increase your eligibility.

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