Eligibility Criteria to get Car Loan of ₹1 Lakh Salary
The eligibility criteria for Car Loan on salary of ₹1 Lakh is easy to fulfil. You just have to fulfil minimal requirements to get instant approval for your Car Loan. Below are the eligibility criteria for Car Loan for Salaried Employees.
Age
Citizenship
Employment
Work experience
Monthly income
- Age- The minimum age of the applicant should be 21 years and the maximum age of the applicant should be 65 years.
- Citizenship- The applicant should be an Indian citizen.
- Employment- The applicant must have a full-time job at one of the following: Central Govt., PSU, MNC, Listed, Unlisted Public Ltd., Pvt. Ltd., LLP or companies that are listed internally.
Work experience- The applicant must have a job experience of at least 1 years with at least 1 months of stable employment at the current organization- Monthly income- The applicant must have a net monthly take-home salary of minimum ₹18,000
Documents Required for Car Loan
Since our Car Loan application process is fully digital, you only have to submit soft copies of the required documents. You don’t have to gather hefty paperwork to be eligible for a Car Loan .
Here are the documents required for Car Loan.
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KYC documents
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Address proof
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Income documents
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Financial documents
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Employment proof
- KYC documents - PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Address proof - Rent agreement/ utility bills
- Income documents - 3 month Salary Slips
- Financial documents - Salary credit bank statement for the last 6 months
- Employment proof - Official mail ID confirmation/ Emp ID card
Min Salary - INR 18000- Credit Score - 675