Eligibility criteria and documents required
Our new car finance is available to anyone who meets the basic eligibility criteria. You will be required to provide a few essential documents to complete the application process.
Eligibility criteria
- Nationality: Indian
- Age: 18 years to 80 years*
- CIBIL Score: 720 or higher
- Employment:
- For salaried: Individuals should have a minimum monthly salary of Rs. 25,000
- For self-employed: Individuals must submit an an ITR proof of the past 2 years
Proprietorships, partnership firms, private limited companies, trusts, and others can also apply for new car finance.
*Higher age limit is applicable at the time of loan maturity.
Documents required*
- KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- PAN card
- Employee ID card
- Salary slips for the last 3 months
- Bank account statements for the previous 3 months
*Any additional documents that may be required will be communicated during the loan application process
How to apply for new car finance
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Frequently asked questions
You have the flexibility to select a repayment tenure that works for you, ranging up to 96 months.
To be eligible for our new car finance, you need to have a CIBIL Score of 720 or higher.
You can get new car finance of up to Rs. 10 crore, which you can repay comfortably over a tenure of up to 96 months.
The eligibility criteria are as follows:
- Nationality: Indian
- Age: 18 years to 80 years*
- CIBIL Score: 720 or higher
- Employment:
- For Salaried: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 25,000
- For Self-Employed: Applicant must submit an ITR proof of the last 2 years
*Higher age limit is applicable at the time of loan maturity.
