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.
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…