🚗 Car Loan – Eligibility Criteria
A Car Loan helps you purchase a new or used car with easy EMIs and quick approval.
At LoanHiLoanWala, we help you check eligibility and get the best car loan offers from leading banks and NBFCs.
✅ Who Can Apply
Car Loans are available for salaried individuals, self-employed professionals, and business owners, subject to lender policies.
👤 For Salaried Individuals
Age: 21 – 60 years
Stable monthly income
Minimum 6 months job continuity
At least 3 months with current employer
Valid PAN & Aadhaar
Active salary bank account
Acceptable CIBIL / Credit Score
🧑💼 For Self-Employed / Business Owners
Age: 21 – 65 years
Minimum 1–2 years business/professional experience
Consistent income or turnover
Valid PAN & Aadhaar
Active business bank account
Bank statements showing regular transactions
🚘 Vehicle Eligibility
New and used cars
Approved car models as per lender
Vehicle must be registered in applicant’s name
RC & insurance required for used cars
📄 Documents Required
PAN & Aadhaar
Income proof / salary slips
Bank statements (last 6 months)
Address proof
Car quotation (for new car)
RC & insurance (for used car)
📌 General Conditions
Loan amount depends on income, car value, and credit profile
Interest rate varies by bank and applicant eligibility
Applicants with lower credit score may still be eligible with conditions
Final approval is subject to bank or NBFC assessment
💡 Why Choose LoanHiLoanWala
Fast car loan approval
Competitive interest rates
Minimal documentation
Flexible EMI options
Trusted bank & NBFC partners
👉 Check Your Car Loan Eligibility
Apply now to check your eligibility and receive the best Car Loan offers for your new or used car.
Apply Now