Key highlights our Car Loan product
- Car loan up to 30 lacs.
- Loan for cars ranging from Small & Compact car to Super Premium cars & SUVs and MUVs.
- Loan tenor of 5 years for Salaried, SE Professionals & SE Businessmen.
- Finance for ex-showroom value of the car + VAT + Insurance.
- Loan basis Gross Receipts for Self Employed Professionals.
- Low prepayment penalty.
Product Features
- Maintain Zero Balance Savings Bank account at no charge.
- Free ATM card.
- Flexible Loan Pre-payment options.
- Hassle-free payment of EMIs via standing instructions.
- No Guarantor required.
- Fast Track loan processing for salaried customers.
For Salaried Individuals
Eligibility & Loan Criteria for Salaried Customers
Car segments 
- Minimum Net Income Criteria basis car segment.(Car segment has been attached separately)
- Age Criteria: Minimum 21 years and Maximum 58 years at loan maturity.(60 yrs. basis Company Letter)
- Minimum Work Experience Criteria: 3 years (continuously).
- Minimum Stay at Residence Criteria: 1 year.
Financial Documentation Requirement for Salaried Customers
- Latest 2 Form 16s.
- Latest 3 Monthly Salary Slip / inCertificate.
- Last 6 months primary bank account statement.
- Pan Card Copy.
For Self Employed Professionals & Businessmen
Eligibility & Loan Criteria
- Minimum Net Income Criteria basis car segment (Car segment has been attached separately).
- Age Criteria: Minimum 25 years and Maximum 65 years.
- Number of years in current business: 3 years.
- Minimum Stay at Residence Criteria: 1 year.
Financial Documentation Requirement for Self-Employed Professionals & Businessman
- Acknowledged IT Returns of last 3 years (Balance Sheet, Profit & Loss & Computation of Income).
- Last 12 months primary bank account statement.
- Pan Card Copy.
- Degree Certificate for Professionals (Doctors, Architects, Chartered Accountants etc).