Loan Starting From 3 Lakhs
Longer Repayment Tenure
Floating & Fixed Interest Rates
Eligibility For Car Loan
Age and citizenship: Both the applicant and co-applicant should be over 18 years of age and citizens of India.
Academic qualifications: The student must have secured at least 50% marks during HSC (10+2) and graduation.
Course of study: The student must have obtained admission to career-oriented courses such as Medicine, Engineering, Management, etc., either at the graduate or post-graduate level.
Admission to recognized institution: The student must have secured admission in India or abroad from a recognized college/education institution through entrance test/merit-based selection process post completion of HSC (10+2).
Regular source of income: The co-applicant, i.e. parent(s) or guardian, should have a regular source of income to support the repayment of the education loan.
Income statements: Salary slip, Form 16, Income-Tax Returns of the last 2 years, and Computation of income of last 2 years certified by a Chartered Accountant.
Bank statements: Pass Book or Bank Statement of the last 6 months.
Admission letter: Copy of the admission letter of the Institute along with the ‘fee schedule’.
Academic records: Mark sheets and/or pass certificates of SSC, HSC, Degree Courses, National level entrance test.
Age proof: Birth certificate, passport, Aadhaar, PAN card, driving license.
Address proof: Aadhaar, passport, latest electricity bill, latest telephone bill, ration card, existing house lease agreement, bank account statement.
Photo identification proofs: Aadhaar, voter id, PAN card, passport, driving license.
Photographs: Passport size photos of the applicant and co-applicants.
Guarantor form (optional): If required, a guarantor form may be submitted.
Car Loan Approval Process
Loan amount disbursed