Car Loan Vizag

Looking for the best car loan in vizag? Then you are at the right place. At LoanOnMind, one can easily get a car loan. We provide car loans in Visakhapatnam at low interest rates. To avail our services, you just need to submit your details in our online application form. The loan will be sanctioned within 2 or 3 days.

Why should you choose Car Loan in Vizag at LoanOnMind?

1. Instant loan approval

2. Easy monthly repayment options.

3. Lowest interest rates.

4. Loan tenure period ranging from 1 to 7 years.

5. Avail loans easily.

Documents Required for Car Loan in Visakhapatnam

1. Signed application form with photo

2. Identity Proof: Xerox copy of PAN card, Passport, Aadhar card, Voter ID card, and Driving License

3. Address Proof: Passport/ Voter ID card/ Driving License/ Ration Card/ Electricity Bill/ Telephone Bill/ Life insurance policy/ PAN card

4. Last 6 months bank statement

5. Income Proof:

For Salaried Employee,

i. Xerox copy of last 3 months salary slip

ii. Xerox copy of last 6 months salary credit bank statements

iii. Xerox copy of latest form 16 and IT returns

For Self Employed Individuals,

i. Xerox copy of Income Tax Returns along with computation of income for the last 2 assessment years.

ii. Xerox copy of last 6 months current account statement of the business entity and individual savings account statements.

6. Other Documents:

For Salaried Employee,

i. Xerox copy of Employment appointment letter/ contract in case current employment is less than 1 year old.

ii. Xerox copy of last 6 months bank statement showing ongoing loans repayments.

For Self Employed Individuals,

i. Xerox copy of list of directors and shareholders with their individual shareholding certified by a CA/CS incase of the business entity being a company.

ii. Xerox copy of Memorandum and Articles of Association of Company.

iii. Xerox copy of partnership deed in case of the business entity being a partnership firm.

Eligibility: Car Loan in Vizag

1. Age: Minimum age should be 21 years old and maximum age should be 65 years old but not more than 65 years old at the time of loan maturity.

2. Employment: For salaried employee, he/she should employed in at least 1 year in current employment and minimum of 2 years employment. For self employed, he/should employed in business at least 2 years.

3. Income: For salaried employee, the minimum annual income should be Rs. 1,00,000 and for Self employed individual, he/she earn minimum Rs. 60,000 per year for standard cars & minimum Rs. 1,00,000 per year for premium cars.

Top New Car Loan Providers in Visakhapatnam