🚗 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