Sign Up & Get Started!

WhatsApp chat

Open Free Mutual Funds Trading Account. Click Here!


Car Loan

What is Car Loan?

Want to bring home your dream car, but don’t have enough funds? Now, you don’t need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement. We can make this drive easy for you, apply for a car loan with and become pride owner of your dream car. Carloan is a loan an Individual/Company can avail for purpose of

  • Buying a New Car
  • Buying a Used Car
  • Loan Against your Existing Car
Car loan banks Interest Rates EMI for 1 lakh upto 5 years Processing fee
Axis Bank Ltd 9.25% – 16.50% Rs.2095 – Rs.2458 Rs. 3500 to Rs. 5500
HDFC Bank 9.25% – 11.25% Rs.2087 – Rs.2186 Rs.2825/- to Rs.5150/-
ICICI Bank Ltd 9.35% – 14.74% Rs.2093 – Rs.2365 Rs.2500/- to Rs.5000/-

Personal Loan Eligibility

The personal loan eligibility criteria for salaried employee is as follows.
Minimum age of Applicant: 21 years
Maximum age of Applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs. 15,000 per month (minimum Rs. 15,000 – Rs. 20,000 in some banks according to their loan eligibility criteria)

Processing Fees And Charges

Normally bankers charge a processing fee of 2% to 3% of the loan amount, which may vary based on credit profile.

If you repay your personal loan earlier than the agreed time frame, also other important part lenders charge with pre-closure or default penalty of about 4% of the pre-closed loan amount.

The minimum loan seasoning is six months means you cannot foreclose your loan before six months.

Car Loan FAQ

  • What is the loan amount that I can avail?
  • What is the tenure available with these loans?
  • Is the interest rate, fixed or floating?
  • What is the mode of repayment?
  • What do I need to do to avail a business loan?
  • What is the eligibility criteria for a business loan?

Ask Your Question

Required Documents

  • For Salaried Customers

    • One valid Identity proof
    • Latest six months Bank statements
    • Latest Residence proof
    • Latest three month Salary slip
    • If required guarantors & their same set of documents
  • For Self Employed Customers

    • Three years ITR if more than 5 yrs in same business
    • Profit & Loss Account , Balance Sheets & Audit report
    • If company is Pvt ltd then MOA
    • KYC of individual / company
    • Six month bank statement

We Are Here To Help You

  • Happy To Help You

    At Nivesham India, We create solution to make a smile on our customer’s Face, and manage all your Finance as a friend.

  • Online Support

    For every single consultation or planning no need to stuck in traffic, we will support online/telephonic consultation as well.

  • Go Digital

    In Today’s World everything is going digitally, be a part of it, and Avail our services online with paperless documentation.