The maximum new car loan amount offered by most lenders is 80% to 90% of the on-road price of the car. This can vary with the brand and variant of your chosen car. Your income is also a determinant of the maximum loan amount you are eligible for. Most banks have a minimum income requirement you need to meet in order to get approved for the loan.
Most lenders offer car loans for tenures ranging from 1 year to 5 years. You can choose the loan tenure as per your preference. Some lenders also offer a car loans with tenure upto 7 years.
To process your new car loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs. You can get the exact requirement from your loan consultant after applying with us.
We provide offers starting from 6.75% per annum. Your exact rate of interest will be determined by the lender on the basis of your loan application. Lenders generally charge you with a processing fee directly deducted from your car loan amount. The processing fees can be negotiated with the lender at the time of sanction of your application.
Carnloan is a one-stop solution for all your car finance needs. We have partnered with India’s leading banks and NBFCs to help you get a loan to purchase your dream car. We provide you with door-step assistance making the process hassle-free and quick. Just fill the form, check your eligible quotes from our partners and submit the application with us. We will take care of the rest.
Carnloan is a one-stop solution for all your car finance needs. We have partnered with India’s leading banks and NBFCs to help you get a loan to purchase your dream car. We provide you with door-step assistance making the process hassle-free and quick. Just fill the form, check your eligible quotes from our partners and submit the application with us. We will take care of the rest.
Yes, we are offering refinance.