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A Vehicle Loan may be availed for:

• Purchase of new car (personal use)
   
• Purchase of used car
   
• Purchase of two-wheeler
   
• Purchase of commercial vehicle
   
• Purchase of taxi, auto, or transport vehicle
   
• Refinancing of existing vehicle loan (if permitted)
   

An applicant must satisfy the following conditions:

• Age between 21 to 60 years
   
• Stable employment with minimum work experience as per lender norms
   
• Regular monthly income
   
• Satisfactory credit score (generally 700+ preferred)
   
• Acceptable debt-to-income ratio
   
• Stable banking transactions
   

An applicant must satisfy the following conditions:

• Age between 21 to 65 years
   
• Business operational for minimum 2–3 years
   
• Stable and regular income as per Income Tax Returns
   
• Proper financial documentation maintained
   
• Satisfactory credit score
   
• Healthy banking transactions
   

1. Duly filled and signed loan application form
    
2. PAN Card (Mandatory)
    
3. Identity Proof (Aadhaar / Passport / Driving License / Voter ID)
    
4. Address Proof
    
5. Passport-size photographs
    
6. Vehicle quotation from authorized dealer
    

1. Salary slips for last 3–6 months
    
2. Bank statements for last 3–6 months
    
3. Form 16 or latest Income Tax Return (if required)
    
4. Employment proof
    

1. Income Tax Returns for last 2–3 years
    
2. Business registration proof (if applicable)
    
3. Bank statements for last 6–12 months
    
4. Profit & Loss Account and Balance Sheet (if required)
    

• Loan amount eligibility depends on income and repayment capacity
   
• Margin contribution/down payment may be required
   
• Interest rate varies based on vehicle type and credit profile
   
• Processing fees and applicable charges may apply
   
• Loan approval is subject to credit assessment and document verification
   
• Vehicle remains hypothecated to the lender until full repayment