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Key Features of Our Car Loans

  • Loan Amount: Up to 100% of the car’s on-road price.
  • Flexible Tenure: Repayment period of 1 to 7 years.
  • Competitive Interest Rates: Starting from 8.50% p.a.
  • Minimal Documentation: Fast approval with minimal paperwork.
  • New & Used Car Financing: Loans available for both new and pre-owned cars.
  • Balance Transfer Option: Transfer existing car loans for lower EMIs.
  • Zero Down Payment Option: Get full financing with no upfront payment required on select car models.
  • Instant Loan Approval: Quick processing with instant eligibility checks and same-day approval.
  • Flexible Repayment Options: Choose from customized EMI plans to suit your financial convenience.
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Eligibility Criteria for Car Loans for Salaried Persons

To qualify for a car loan at Login to Loans, you need to meet the following criteria:

  • Age: 21 to 60 years.
  • Employment Stability: Minimum 1 year with current employer.
  • Credit Score: 650+ (higher scores preferred for better loan terms).
  • Minimum Monthly Income: ₹25,000 or as per lender guidelines.
  • Employment Type: Salaried individuals in private or public sectors.
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Documents Required for a Car Loan for Salaried Persons

Applying for a car loan is easy. You need to submit:

  • KYC Documents: PAN Card, Aadhar Card, Passport, or Voter ID.
  • Income Proof: Last 3-6 months’ salary slips or bank statements.
  • Bank Statements: Last 6-12 months to verify financial stability.
  • Vehicle Details: Proforma invoice for a new car or RC book for a used car.
  • Identity & Address Proof: Aadhaar, PAN, Passport, or Voter ID for verification.
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Why Choose Login to Loans for a Car Loan for Salaried Persons?

  • Affordable Interest Rates: Get the best rates from top lenders.
  • Quick & Hassle-Free Processing: Fast approval with minimal paperwork.
  • Flexible Repayment Options: Choose an EMI plan that suits your income.
  • Loans for New & Used Cars: Financing options available for both new and pre-owned vehicles.

How to Apply for a Car Loan for Salaried Persons?

  • Step 1: Check your eligibility for a car loan online.
  • Step 2: Submit your documents for verification.
  • Step 3: Get loan approval and finalize the loan terms.
  • Step 4: Loan disbursal to the dealer or your account.

Frequently Asked Questions

What is a car loan?
A car loan is a type of financing that allows you to borrow money to purchase a vehicle. You repay the loan in fixed monthly installments, including interest, over a set period.
What are the eligibility criteria for a car loan?
Lenders typically consider factors such as your income, credit score, employment status, age, and existing financial obligations before approving a car loan.
What is the typical interest rate on a car loan?
Interest rates vary based on factors such as your credit score, the loan amount, repayment tenure, and the lender's policies. Generally, they range from 6% to 15% per annum.
What is the maximum loan amount I can get?
The loan amount depends on the car’s price, your income, credit history, and the lender’s terms. Some lenders offer up to 90-100% of the car’s on-road price.
Can I prepay or foreclose my car loan?
Yes, most lenders allow prepayment or foreclosure, but some may charge a penalty. It's advisable to check the loan terms before proceeding with early repayment.

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