Instant Approval Car Loan
If you wish to purchase a Pre-owned car, apply online for a used car loan and get the maximum loan amount with easy documentation, instant approval, and quick Loan disbursal. Avail a Used Car Loan with an attractive interest rate and repayment tenure of up to 7 years.
Car Loan Eligibility Criteria
Anyone can apply for a old car loan, you need to meet the below criteria
Nationality: Resident Indian
Age: 21 to 60 years
Employement:
- For salaried: Minimum 2 years of experience and Must earn minimum Rs 2 lakh per annum.
- For self-employed: Minimum 4 years of business continuity and Must earn minimum Rs 1.75 lakh per annum
Cibil Score: 750 or above
How to Apply for Car Loan Online
- Fill a simple online car loan application form
- Fill your basic details such as name, mobile number and car details
- Submit the required documents
- Enter the loan amount that you need for your car
- Once done, you will receive a call from our team and guide you on the next steps
- The loan amount will be disbursed in your bank account after document verification
Document Required for Car Loan
KYC documents: Any one of the following documents can be submitted
- PAN Card
- Aadhaar card
- Passport
- Driving license
- Election / Voters identification card, NREGA Job card signed by the officer of the State Government
- One Passport Size Photograph
PAN Card - For Company/Firm/Individua
- Latest Salary Slip of 2 months
- Bank statement of the previous 3 months
- Registration Certificate and Insurance copy of the vehicle
FAQs About New and Old Car Loan
Who can Apply for Car Loan?
Anyone over 21 years of age, salaried or self-employed individual can apply for Car Loan.
What is the EMI on a Car Loan?
The Car Loan EMI depends on Loan Amount, Tenure and Interest Rate. Use our EMI calculator to get your monthly payments accurately.
What is the minimum credit score for a Car Loan?
750 or above, which is generally considered excellent.
Do I need a guarantor to avail of a Car Loan?
No, you do not need a guarantor for a car loan. However, if you don't meet the Bank's norms, then you may be require a guarantor or co-applicant as a security for your loan.
How can I get a Car Loan?
You can get a Car Loan from Web Online CA website. Fill out our online Loan application form with your basic details and submit your application. Once done, you will receive a call from our team and guide you on the next steps. The loan amount will be disbursed in your bank account after document verification.
What is the interest rate for Car Loan?
Car Loan Interest rates depend on the loan amount and the loan tenure, starting ranges from 11.25% to 26% p.a.
How long will the process for loan approval be?
Loan approval would take 4 to 5 working days after submission of the application form and required documents.
Can I foreclosure my loan?
Yes, you can foreclosure your loan post completion of 12 months and enjoys nil foreclosure charges.
What is the maximum loan tenure?
We offer Customized EMI repayment options with a 12 months to 60 months.