4 Wheeler Loan

Eligibility for availing a 4 Wheeler Loan

Salaried individuals who are eligible for a car loan

  • Minimum 21 years of age
  • Maximum 60 years of age at maturity (conditions apply)
  • Minimum Net Annual Salary of Rs. 2,40,000 p.a. for all approved car models
  • Income eligibility based on latest salary slip and Form 16
  • Minimum of 1 year continuous employment

Self-employed individuals who are eligible for a car loan

  • Minimum 18 years of age
  • Maximum 65 years of age at loan maturity
  • Minimum Net Annual Business income of Rs. 1,80,000 p.a. for selected models and Rs. 2,00,000 p.a. for others
  • Income eligibility based on latest Income Tax Returns
  • Minimum 3 years of employment in the same line of business

Self-employed non-individuals who are eligible for a car loan

  • Minimum Net Annual Business income or Rs. 1,80,000 p.a. for selected models and Rs. 2,00,000 p.a. for others
  • Income eligibility based on latest 2 years Income Tax Returns and audited financials of 2 years along with computation of income
  • Minimum 3 years of employment in the same line of business

Required Documets

  • PAN Card
  • Adhaar Card
  • Proof of Address
  • 3 Month Salary Slip
  • Last 1 Year bank statement
  • Ownership Proof Required
  • Office ID Card
  • Photograph
  • Quotation of 4 Wheeler
  • Cancelled Check