Car Loan

Car loan for Non-Resident Indian (Under the NRI – Car Loan Scheme, the NRI will be the Borrower and the NRI’s close relative in India will be the Guarantor)

Loan amount eligible is derived on the basis of the Applicant’s (Borrower) income.

Competitive Interest Rates.

Repayment period : Up to 7 years

Interest calculated on Daily Reducing Balance.

Documents required for a car loan

• KYC documents along with firm registration/ proof of identity
• Primary business bank statement for 6 months
• Salary slips for 2 months (if applicable)
• Partnership deed/ company MOA/ AOA/ COI (if applicable)
• The primary banking account of the applicant should have a minimum vintage of 1 year
• Property documents such as sale deed, house tax receipt, electricity bill