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