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What is a Car Loan ?
Cars today are a basic utility that everyone feels the need to own. You’ve been waiting patiently and saving for that purpose. Loan Regular offers you the opportunity to own a car that you would not dream to own a decade ago. Loan Regular offers tailor-made car loans with exclusive features both for salaried and self-employed persons. To get your car within your reach, talk to your Loan Regular Team for constructive choices via phone, email, or chat, and apply for a Car Loan to get your Loan Regular’ Flexible Car Loans Advantage. Own a car you want with Loan Regular team at your service!
Car Loan – Process
- Select the Product
- Fill Out Application
- Receive Sanction Letter
- Approval of Loan
- Loan Amount Disbursal
Car Loan Eligibility Criteria
Cars today are a status symbol, as well as a utility that serves day-to-day purposes. Essential to your comfort and to the demands of time, your aspirations to own a car are now within reach. We at Loan Regular have collaborated with several well-known banks and NBFCs to offer you an array of car finance solutions for a comfortable living. Loan Regular has on offer tailor-made car loans that differ in terms of individual abilities, and other factors. To own a car, talk to your Loan Regular Team for beneficial alternatives via phone, email, or chat, and apply for a Car Loan to get your Loan Regular’ Flexible Car Loans Advantage. Eligibility criteria for car loans are as follows.
Salaried Individual
Resident Citizens of Indian
Minimum Age: 21 years
Maximum Age: 60 years at Loan Term
Income Requirement: Minimum Rs. 2,50,000 p.a.
Employment: Minimum 2 years, and 1 year with Current Employer
Healthy savings history and professional stability
Self Employed Individual
Resident Citizens of Indian
Minimum Age: 21 years
Maximum Age: 65 years at Loan Maturity
Income Requirement: Minimum Rs. 2,50,000 p.a.
Business: Minimum 2 years in Current Profession
Minimum 1 year Business Vintage
Documents Required for Car Loan
- Photo Identity Proof
- Voter ID
- Passport
- Driving License
- Aadhaar Card
- Address Proof
- Electricity Bill
- Telephone Bill
- Water Bill
- Property Tax Receipt
- Rent Agreement
- Bank Statement
- Driving License
- Ration Card
- Passport
- Credit Card Bill
- Photograph
- 3 Passport Size Photograph
- Age Proof
- Voter ID
- Passport
- Driving License
- Aadhaar Card
- Secondary School Leaving Certificate
- Birth Certificate
- Pension Payment Order or Receipt
- LIC Policy
- Income Proof
- 3 Months Salary Statement
- 6 Months Bank Statements
- Income Tax
- Form 16
- Employment Proof
- Employers Letter
- Identification Card