About Car Loan

A car loan is a great way to drive your dream car without making the complete payment upfront. 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 Understand, with newer technologies and lesser resources, the cost of cars are on a rise. Often making it extremely difficult for the average individual to purchase their vehicle outright only using ones savings. Therefore, viewing the huge demand for financing both used and new cars, Art of Loans assists you make the right choice of picking the car loans, which are floated products, which enable you to purchase your car and pay off the car loan amount.

There was a time when owning a car was a luxury not all could afford to have. Buying a car was a life milestone for everyone who could shell out those huge amounts of money all at once to buy their dream car. With growing times, changing demographics and emerging car loan lenders, for a majority of the Indian middle class, owning a car today is no longer a luxury, but in fact a necessity made possible by taking a car loan.


Its the time to drive home with your dream car!

Enquire Now

Get financing for whatever you need now

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

New Car Loan

We help you to buy new car loan at fair interest rates and adjustable repayment terms.Fast sanction, personalised service and absolute transparency in new car loans.

Pre Owend Car

We have tie-ups across the widest range of authorised pre-owned car dealers. Attractive car loans for used cars. Pre-Owned car finance available at 12%.

Loan Against Car

With no income documents required, getting a loan couldn’t get any easier. We help you to get car loans at basic interest rates and flexible EMI for repayment.

Get financing for whatever you need

Features of Car Loan

All loans are not created equal, car loan has become a great option for people to use.

Cash Loan Facility

Special Preapproved Loan

No Verifications

100% Funding on Road Price

Car Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.

You may be eligible for car loan in India from one or more banks if you meet the following eligibility conditions:

Minimum and Maximum Age
18 years – 65 years
Note: However, many banks require minimum age of 23 years
Loan Amount
Up to Rs. 50 lakhs. Some banks give maximum loan upto Rs. 1 crore
Note: Loan amount depends upon the value of the car and the EMI you can pay
Net Monthly Income Minimum Rs. 18,000 per month
Employment
  • Available for salaried, self employed and businessmen
  • Interest can range from 9.25% to 20.00%
Minimum Work Experience
  • Salaried: a minimum of 1 year of total work experience
  • Self Employed: business existence of minimum 5 years
  • ITR of minimum 2 years
CIBIL Score
CIBIL 700 & more
Note: Most banks avoid giving loans if you have low credit score

Car Loan - Documents

Documents required for acquiring a car loan vary from lender to lender and one cannot do without submitting the rights documentation which is the established proof of your identity, age, income and address.

Documents ID Individuals Firms, Partnerships
Signed Application Form Required Required
Identity Proof PAN card, Passport, Driving License, Aadhaar Card, Voter id, Government issued i-card PAN card, Passport, Driving License, Aadhaar Card, Voter id, Government issued i-card
Certificate and Proof of Business Existence PAN , sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI
Address Proof Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old) Bank statement, utility bill, Registry copy, lease or rent agreement, TAN allotment letter
Age Proof PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate
Income Proof Form 16, last 3 months salary slip, last 3 months' bank account statement showing salary credit Last 2 years ITR, last 3 months bank account statement
Income Proof Form 16, last 3 months salary slip, last 3 months' bank account statement showing salary credit Last 2 years ITR, last 3 months bank account statement
Car Quotation Quotation of cost of the car selected from the dealer Quotation of cost of the car selected from the dealer

Request Best Quote For Car Loan

All you need to do is provide your details below application form.

We will revert you the best quotes from different banks that you can opt!

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