Car Loans

Apply your dream car.

What is a Car Loan ?

Cars today are a basic utility that everyone feels the need to own. You’ve been waiting patiently and saving for that purpose. We offers you the opportunity to own a car that you would not dream to own a decade ago. Vasi Financial Services Private Limited offers tailor-made car loans with exclusive features both for salaried and self-employed persons. To get your car within your reach, talk to your Vasi Financial Services Private Limited Team for constructive choices via phone, email, or chat, and apply for a Car Loan to get your Vasi Financial Services Private Limited Flexible Car Loans Advantage.

Car loan
EMI:

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Total Interest Payable:

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Total of Payments (Principal + Interest):

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One can opt for new or used car loan depending upon the need and the kind of car requirement. Though, most people prefer a car loan over new cars and not the second hand ones.

Car loan option in India, for a majority, is an alternative that lets them purchase a car which is better than the one available in their budget since the car loan approval is quick.

Car loans in India generally provide a fixed rate of interest option while repayment through EMIs. This keeps you assured of a fixed repayable amount on a monthly basis towards the car loan, facilitating better budget planning without disturbing your usual expenses.

  • Passport Size Photographs, generally 4-6 photos
  • An identity proof which can be one of these documents- Passport, Pan Card, Driving License, Voters ID card, Aadhaar card or employee identity card in case of government employees
  • Address Proof like Bank statement, Rent Agreement, Voters ID card, Ration card,
  • Form 16 with proper computation of income
  • Passport, Driving License, Telephone bill, Electricity or water Bills, Credit card bill or Property tax document
  • Salary account bank statement for six months
  • Latest acknowledged IT return
  • The borrower should be salaried, self-employed, business owner or a professional
  • They should be of Indian nationality residing in or outside India
  • They should be at least 21 years old and not more than 65 years old
  • Should meet the minimum repayment capacity or minimum salary requirements
  • They must be in the current job for one year (salaried) or two years in the same business (self-employed or professional)

Starts after submitting of successful application in general starts with FI, (Field Investigation, Office and Resi verification, existing repayment check, Bank Statement check, RCU & Most importunately CIBIL Check after successful and positive check it move to Credit for Further discussion.

It may vary from Bank/NBFC process depends on existing relationship with respective clients vary from pre-approved process may be different in these checks. Etc…