Car Loan Eligibility Criteria

 Salaried Individuals:

Eligibility Criteria

• Minimum age of applicant: 21 years
• Maximum age of applicant at loan maturity: 58 years (60 years for Central Government, Employees)
• Employment: Minimum 3 years in employment and minimum 1 year in the current organization
• Minimum Net Monthly Income: ₹ 35,000 per month.

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Self Employed (Non-Professionals, Individual & Proprietorship firms):
Eligibility Criteria:

• Minimum age of applicant: 21 years
• Maximum age of applicant at loan maturity: 65 years
• Years in business: Minimum 3 years in the same business
• Minimum Annual Income: ₹ 200,000 per annum.

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Self Employed (Partnership Firms & Private Limited Company):

Eligibility Criteria

• Minimum age of applicant: 21 years
• Maximum age of applicant at loan maturity: 65 years
• Years in business: Minimum 3 years in the same business
• Minimum Annual Income: ₹ 200,000 per annum.