Car Loan FAQs
To own a new car you have always dreamt of has become so easy with banks offering loans up to 100% of on-road cost on select models, and up to 90% of the ex-showroom price on others. Bank also give a flexibility in repayment options and tailor-make the loan to suit your needs. So a drive in your dream car is just a click away with minimal paper work and attractive interest rates.
New Car Loans to the following:
- Salaried individuals in the age group of 21 to 60 years (at the end of the tenure)
- Self-employed individuals in the age group of 21 to 65 years (at the end of the tenure)
- Partnership Firms
- Public & Private Ltd. companies
- HUFs and Trusts
Most passenger cars and multi-utility vehicles manufactured by India's leading automobile companies.
You can borrow up to 90% of the invoice value. However, the minimum loan amount is Rs.50000.