Car Loan

Auto loan companies make it easier for consumers to purchase new and used cars by providing loans and alternate payment options so buyers don’t have to pay the full amount for the purchase. Some auto loan companies also offer additional features, including refinancing options; car insurance and other ways of helping consumers finance their goals.

Driving a car is important for people in general because it provides status and the opportunity for personal control and autonomy. Theprivatecar is a convenient mode of transportation. Having more comfortable seats, ventilation or other novel technologies help people to feel better than using other methods, like a bicycle or a public bus. Users have a more secure privacy compared to using public transportation.

We are deals in both new car loan and used car purchase loan and top up loan.

Features & Advantages of Owned Car

  • Convenience and Independence.
  • Save Time – Save your Mind.
  • Easy shopping and transportation of heavy items.
  • Best for daily commutes and short errands.
  • Allows traveling with a large group of friends.
  • Fuel-efficiency means lower transportation costs.
  • Safe mode of transportation.

Features & Benefits of Car Loan

  • The loan is available at very competitive rates of interest at both new and used Car.
  • The loan is available for purchased the used car.
  • Option for different EMI amounts for different periods during tenure of loan to suit customer’s repayment capacity.
  • Prepayment of Loan permitted.
  • Interest is calculated on daily balance basis which is of great advantage to customer.
  • Simplified application form/procedures for convenience of customers, and speedy approvals.
  • Highly flexible - maximum 7 yrs. Loan to be normally repaid before date of retirement in case of salaried persons and before attaining 70 years of age in case of others.

Car Loan Calculator

  • Monthly Car Loan EMI is calculated based on loan amount, loan tenure and interest rate.
Loan Amount 3 Year Loan 5 Year Loan 10 Year Loan
₹ 5 Lakh
₹ 15,784/-
₹ 10,258/-
₹ 7,918/-
₹ 10 Lakh
₹ 31,568/-
₹ 20,517/-
₹ 15,837/-
₹ 20 Lakh
₹ 41,033/-
₹ 42,134/-
₹ 31,673/-
* Terms & Conditions Apply.

Documents Required For Salaried & Self Employed -

CategorySalariedSelf Employed
Proof Of Identity (Any One)
  • PAN Card/ Voter ID Card / Aadhar Card / Valid Passport.
  • PAN Card/ Voter ID Card / Aadhar Card / Valid Passport.
Proof Of Residence (Any One)
  • Aadhar Card / Utility Bills/ Voter ID Card/ Valid Passport/ Driving License
  • Aadhar Card / Utility Bills/ Voter ID Card/ Valid Passport/ Driving License.
Proof Of Income
  • Latest Salary-slips/salary certificates for 3 months.
  • Form 16 for last 3 years (if available)
  • Latest 6 months bank statement which salary credit.
  • Income Tax Returns coupled with the computation of income of both the applicant and the business entity (attested by a certified CA) for the last 3 assessment years.
  • Balance Sheet and P & L account statements with Annexures/Schedules of both the business entity and the applicant (attest by a certified CA) the last 3 years.
  • Savings account statements of the applicant and the current account statements of the business entity for the last 1 year.
Property Related Documents
  • Title Deeds of the Property
  • Estimate for construction assessed by a Civil Engineer/ an Architect
  • Encumbrance Certificate
  • Photocopy of the plan sanctioned by Local Authorities
  • Title Deeds of the Property
  • Estimate for construction assessed by a Civil Engineer/ an Architect
  • Encumbrance Certificate
  • Photocopy of the plan sanctioned by Local Authorities
Other Documents
  • Employee ID card
  • Appointment Letter
  • The detail of ongoing loans statement (if any)
  • Processing fee cheque favouring the bank/financial institution
  • Duly filled application form affixed with passport size photographs of all the applicants/co-applicants and signed across.
  • Business Profile
  • Memorandum and Articles of Association of the Company
  • Partnership deeds if the business entity is established as a partnership firm
  • List of Shareholders and Directors with their respective shareholdings if the business entity is established as a company (certified by a CA)
  • Bank account statements of both the individual and the business entity indicating details of ongoing loans if any.
  • Processing fee cheque favouring the bank/financial institution
  • Duly filled application form affixed with passport size photographs of all the applicants/co-applicants and signed across.