Car Loan

Indeed, we provide car loans for both new and pre-owned vehicles. For pre-owned cars, the vehicle must be under 5 years old and in satisfactory condition. The amount of the loan and the duration may differ depending on the age and condition of the car.

Generally, lenders provide financing for 80-90% of the vehicle's on-road cost, necessitating a down payment ranging from 10-20%. Nevertheless, qualified customers possessing favorable credit ratings may receive financing of up to 100% on certain models.

The Equated Monthly Installment (EMI) is determined by the loan amount, interest rate, and duration of the loan. Our EMI calculator available on the website can assist you in calculating your monthly payment. Typically, financial institutions advise that the EMI should not surpass 40-50% of your monthly earnings.

Indeed, we provide a car loan balance transfer option if you are able to secure a more favorable interest rate from another source. This can greatly lower your EMI or loan duration. Our team is available to assist you throughout the transfer procedure.

Indeed, a processing fee exists, generally ranging from 1% of the total loan amount. All fees are clearly disclosed prior to the approval of the loan. There are no concealed expenses or unexpected charges.