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About Car Loan

A Car Loan is an advance that individual takes out keeping in mind the end goal to buy an engine vehicle. Auto advances are commonly organized as portion advances and are secured by the estimation of vehicle being obtained.

A car loan is an advance taken out keeping in mind the end goal to buy an engine vehicle. They are commonly organized as portion credits and are secured by the estimation of auto, truck, SUV, or bike being bought.

An Car Loan is a sort of secured advance, which implies that the borrower should up a profitable thing to fill in as guarantee. On the off chance that the borrower can't pay back the credit, the loan specialist would then be able to grab the guarantee and pitch it keeping in mind the end goal to recover their misfortunes. Since car advances are utilized to buys engine vehicles, the vehicle that is being acquired is the thing that fills in as guarantee.


Attractive interest rates
Multiple repayment options
Loan tenure ranges from 1 to 7 years

Principle of Car Loans

Salaried Employees
Self Employees
Professionals

qualified for Car Loan

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Documents Required for Salaried

  • Verification of Identity:- Passport/Driving License/Voters ID/PAN Card.
  • Confirmation of Residence:- Leave and License Agreement/Utility Bill (not over 3 months old)/Passport.
  • Application form
  • Signature verification proof
  • Pay slips for most recent 3 months.
  • 2 Passport Size photos.
  • Minimum Annual Income of the applicant must be at least Rs. 3 Lacs
  • The work experience of the applicant should be of minimum 2 years with at least 1 year of working in the current job

Documents Required for Self-Employed

  • Verification of Residence:- Leave and License Agreement/Utility Bill (not over 3 months old)/Passport.
  • KYC Documents : Proof of Identity, Address proof, DOB proof.
  • Most recent a half year Bank articulation.
  • Office address proof.
  • Proof of continuity of business.
  • Latest 6 months Bank statement

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Diverse Purposes for Home Loan through Finexperts

Home Construction Loan

Home Purchase Loan

Home Improvement

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