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Car Loan | Loan Details
Car Loan
Loan Offer

Car Loan

Interest: 7.5
Up to 20,00000

About This Offer

A car loan is a secured loan taken from a bank or financial institution to buy a car.

. Purpose

  • To purchase a new or used car
  • Helps people buy a car without paying full money at once


How It Works

  • Customer selects a car
  • Pays a down payment (small part of total cost)
  • Bank provides the remaining amount as loan
  • Customer repays in monthly installments (EMIs)
  • After full repayment, car ownership becomes fully yours 

 Interest Rate

  • Interest is charged on the loan
  • Two types:
  • Fixed Interest Rate – same EMI every month
  • Floating Interest Rate – EMI may change 

 EMI (Equated Monthly Installment)

  • Fixed monthly payment
  • Includes:
  • Principal amount
  • Interest amount 


Maximum Amount
20,00000
Minimum Amount
25,0000
Interest Rate
7.5
Tenure
2
Processing Fee
1

Key Features & Benefits

  • Quick Approval
  • Lowest Interest Rates
  • Minimal Documentation
  • No Hidden Charges

Eligibility Criteria

  • Age: 21-60 years
  • Minimum Income: ₹20,000/month
  • CIBIL Score: 650+
  • Indian Resident

Documents Required

  • PAN Card
  • Aadhar Card
  • Last 3 Months Salary Slips
  • Bank Statement (6 Months)
  • Address Proof

EMI Calculator

Your Monthly EMI: ₹0

Ready to Apply?

Get instant approval with our quick and easy process!

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