Minimum Loan Requirements

Car Loan Interest Rates

Updated on 07 Jan 2022

Car Loan Details
Interest Rate (Monthly reducing balance) 9.00% onwards
Processing Fees Depends on the bank (0.25% to 0.50% of the loan amount)
Loan Tenure 1 year to 7 years
Pre-closure Charges Varies with bank
Guarantor Requirements Varies with bank

Eligibility Criteria and Documents Required

The car loan eligibility criteria can be different for different banks. The common criteria are as follows:

  • Age of the individual must be between 18 years and 65 years
  • Minimum net monthly income of Rs. 20,00
  • At least 1 year of employment with the current employer
  • Must be salaried or self-employed, working for a government establishment or a private company
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To prove your eligibility, you’ll need to provide certain documents. Though this too is specific to different lenders, the common documents will be:
Identity proof/ Address proof • Aadhaar
• Passport
• Driving license
• Voters ID card
• PAN card
• Utility bills
Identity proof/ Address proof • Form 16
• Salary slips if you are salaried
• Latest Income Tax Returns
• Bank statements going back 6 months

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FinRize Finserv Key Features

  • Loan Amount: INR 1 lakhs to INR 20 Lakhs
  • Pocket-Friendly EMI
  • Flexible Repayment Tenure
  • Minimum income of Rs. 10,000/Month
  • 100% financing on selected vehicles.
  • Minimum Documentation Requirement
  • Access to 30+ Banks

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You go get your dream car; we will manage the funds for you. We have enlisted car loan providers from top companies and banks to offer the best options for Car Loan In Meerut to our customers as per their requirements.

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  • Customizable repayment options to fall easy on your pocket.
  • Legal and technical experts for Professional counseling.
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We are a one-stop shop to fulfill all your car loan related needs. From seeing the best loan opportunities to getting the loan approved in the limited span, we handle it all. FinRize Finserv Pvt. Ltd has helped thousands of customers get their dream car. It’s your turn now.
Enjoy best Car Loan Amount, Tenure, and EMI period options with FinRize Finserv Pvt. Ltd . Contact us to know more.