New Car Loan

Looking to buy a new car? We help you to find New Car Loan offers car loans from Rs. 1 Lakh upto 100% on-road funding along with a host of benefits that include attractive interest rates, comfortable tenure, etc. Today, buying a dream car is almost within your reach irrespective whether you are salaried or self-employed. You don’t need to be wealthy enough or save a fair amount of money to buy your first car, unlike a couple of decades ago. You can simply avail a new Car Loan and drive in your dream car sooner. Many Bank offers Car Loans at an attractive rate of interest, low processing fee, a repayment tenure of upto 7 years, and higher loan-to-value ratio (100% on-road price funding on certain models) to purchase a new car. The Car Loan is offered even to proprietorship firms, partnership firms, companies, trusts and societies.

Eligibility Criteria and Documents Required

The car loan eligibility criteria can be different for different banks. The common criteria are as follows:

  • Age of the individual must be between 18 years and 75 years
  • Minimum net monthly income of Rs. 20,000
  • At least 1 year of employment with the current employer
  • Must be salaried or self-employed, working for a government establishment or a private company
  • To prove your eligibility, you’ll need to provide certain documents. Though this too is specific to different lenders, the common documents will be:

    Identity proof (any of the following)
    • Aadhaar
    • Passport
    • Driving license
    • Voters ID card
    • PAN card
    Address proof (any of the following)
    • Aadhaar
    • Passport
    • Driving license
    • Ration card
    • Utility bills
    Proof of income
    • Form 16
    • Salary slips if you are salaried
    • Latest Income Tax Returns
    • Bank statements going back 6 months

    How to Apply

    Till few years back taking a car loan was a tedious process. Now, applying for a car loan is not a problem anymore. You do not need to visit various banks anymore. We have partnered with various banks who will provide you car loan at attractive interest rates without any hard-core procedure. We help you in doing research and choose the best for you. Nesta India makes this process easy and quick for you.

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If you are looking for loan and want it to be stress free process then get the best assistance from our team.

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