CAR LOAN
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About Car Loan
Purchasing a car is not always an easy task. In previous decades owing a vehicle was considered to be a lifetime achievement for everyone. One must spend a considerable amount of money to buy his dream car. Now the time has been changed, and various car loan lenders are available in the market. Such services have increased the chances of an Indian middle class personal to buy his dream car easily.
Nowadays cars are becoming a vital part of our family. They provide you with an easy way to commute to various places like office, family functions, gathering, or any desired location. With the rise in multiple technologies, the prices of automobiles have increased manifold. The hike in prices of cars is the main reason why some people suppress their dream of buying a car. Many financial services do provide car loans in our country. You can take credit for both used or new car and then complete the payment in small instalments based on various affordable EMI option.
Features of Car Loan
In India, buying a car may disrupt your budget. Availing a car loan will help you to conserve your savings for the future expenses. The best thing about getting a car loan in India is that you don’t have mortgaged your assets because it was against the car itself.
Upto 100% Finance
Quick Disbursals
Pocket-friendly-monthly payments
Health cover
Instant disbusal of loan
Negligible Paper Work
Types of Car Loan
New car
Used car
Balance transfer/Top-up
Commercial car
Eligibility Criteria For Car Loan
As an Indian car loan lending services company we are aware of the need for a car in our middle-class families. At Daeju, we don’t impart sophisticated loan eligibility criteria for loan approval. We commonly lookup for any legal income generation method in any loan aspirant so that he/she can repay it within the loan tenor. The mode of income we allow while approving car loans are:
Self employed
Limited or private limited firms
Salaried Employee
Required Documents For Car Loan Approval
You need to provide these documents as identity proof:
- PAN Card
- Voters ID Card
- Driving License (recent, legible, laminated)
- Latest salary slip and Form 16 as income proof
- Aadhar Card
- Passport
You need to provide these documents as address proof:
- Electricity Bill
- Life Insurance Policy
- Bank statement of the previous 6 months
- Aadhar Card
- Driving License (recent, legible, laminated)
- Voters ID Card
- Passport Copy
Telephone Bill
You need to provide these documents as identity proof:
- Aadhar Card
- Passport
- PAN Card
- Voters ID Card
- Driving License (recent, legible, laminated)
- Latest Income Tax Returns (ITR) as income proof
You need to provide these documents as address proof:
- Aadhar Card
- Driving License (recent, legible, laminated)
- Voters ID card
- Passport Copy
- Telephone Bill
- Electricity Bill
- Life Insurance Policy
Bank statement of the previous 6 months
You need to provide these documents as identity proof:
- Profit & Loss Account of the last 2 years
- Company ITR over the previous 2 years
- Audited Balance Sheet
You need to provide these documents as address proof:
- Telephone Bill
- Electricity Bill
- Bank statement of the last 6 months
- Shop & Establishment Act Certificate
- Sales Tax Certificate
You need to provide the following documents as identity proof:
- Company ITR for the last 2 years
- Profit & Loss Statements of the previous 2 years
- Audited Balance Sheet
You need to provide the following documents as address proof:
- Telephone Bill
- Electricity Bill
- Shop & Establishment Act Certificate
- Bank statement of the previous 6 months
- Sales Tax Certificate
You need to provide the following documents as identity proof:
- Audited Balance Sheet
- Profit & Loss Statements of the last 2 years
You need to provide the following documents as address proof:
- Telephone Bill
- Electricity Bill
- Bank statement of the previous 6 months
- Shop & Establishment Act Certificate
- Sales Tax Certificate
