What is a Car Loan?

  A Car loan is a type of loan that normally used to purchase New car or Used car, commercial vehicle etc. Car loan is usually having two types:-.

  • • New Car Loan
  • • Used Car Loan

New Car Loan:-

Your search for a car loan is over! Bringing home the car you've always wanted. We offers the most convenient and affordable solution for your new car loan requirements. Apply for car loans and get up to 100% financing for your car. With our easy application process, quick processing of documents and speedy disbursal of loan and pocket friendly rates. You will be driving your dream machine sooner than you could imagine. While you drive your car home we will take care of all paper work. All we wish is you enjoy your long drive in your new car.All major Bank and NBFC Provide Business Loan in Ghaziabad.

Used Car Loan:-

A used car loan is a loan that is given to a person who is willing to buy used cars/pre-owned cars or if anyone is having a car and want to get loan by mortgaging there car although the car is used by that person only. Used cars just not offer value for money but also help you to get some instant cash on a very reasonable rate and this facility is availed by both salaried and Self-employed.

Used car loans are having the following features

  • • Loan up to 90% value of the used car for some cases its goes up to 100% of car value.
  • • Loan tenure up to 5 years.
  • • Car Loan Interest rate starts from 13.5%.

How much EMI do you have to pay?

  • • The EMI that you pay depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. Age of car, Type of car, Credit score, Ability to pay back, Work experience, age and profession of the borrower.

Documents Required

  •   ID proof (PAN Card, Driver's license, Voter ID, Passport, Aadhar)
  •  Address proof (Electricity bill, Telephone bill, Ration card, Bank statement, Credit card statement)
  •  Passport Size Photo
  •  3 month's Salary slips
  •  6 month's Bank statement
  •  Last 2 years form 16
  •  Form 16/ITR for last 2 years
  •  Quotation of car
  •  Receipt of Booking/Advance payment (If any)