Car Loans

• Employment Status: Regular employees of State/Central Government, public undertakings, corporations, private sector companies, and reputed establishments.
• Professionals and Business Owners: Including self-employed individuals, businessmen, and proprietary/partnership firms.

• Interest rates start from 8.5%, subject to your CIBIL score.

• For Salaried Individuals: Up to 48 times of net monthly income.
• For Others: Up to 4 times of net profit or gross taxable income as per ITR.

• Recent Salary Pay Slip or Income Statement
• Income Tax Return for Tax Payers / Affidavit: Declaring the genuine source of income for exempted tax payers.
• Financial Statements: Statement of Profit and Loss and Balance Sheet for the past three years (for business and self-employed applicants).

For Check-off Facility:

• Hypothecation of Vehicle

For Non-Check-off and Others:

• Hypothecation of Vehicle
• Third Party Guarantee
• Liquid Securities: Acceptable forms include bank term deposits, LIC policies, NSCs, and KVPs, duly assigned in the bank's favor. Liquid securities should be:
• At least 5% of the loan amount for loans up to ₹10 lakhs.
• At least 20% of the loan amount for loans above ₹10 lakhs.

• 0.59% of loan amount upto Rs11,800/- only