New Car Loan
Ashwini Finance’s New Car Loan empowers individuals and families to purchase their dream vehicle without years of savings. This financing solution enables customers to enhance mobility, improve daily convenience, and enjoy the pride of owning a brand-new car while maintaining financial stability.
Eligibility
- Minimum Age – 21 years
- Assessment of your income and standard of living
- Stability of residence
- Your Money Margin in Proposed Vehicle
- Established cash flow by way of salary income or business income of self-employed professionals
- Prior credit history, if any, should be satisfactory
- Credit norms, as applicable
List of Documents
- Loan Application Form
- Identity proof.
- Address proof.
- Tax Receipt of House/Water Bill / Index 2 / 7/12 Utara & 8A
- Latest Bank Statement (Minimum 6 months – Maximum 1 Year)
- Guarantor Documents if Applicable
- Other relevant documents.
Loan Margin & Financing Structure
Top Features of New Car Loan
Enjoy attractive offers, zero pre-closure charges, and flexible down payment options. Experience financing that adapts to your needs, not the other way around.
Top Features of New Car Loan
Enjoy attractive offers, zero pre-closure charges, and flexible down payment options. Experience financing that adapts to your needs, not the other way around.
Frequently Asked Questions
Generally, identity proof, address proof, income proof, bank statements, photographs,
and the quotation of the new car are required.
The loan amount usually depends on the car’s price, the applicant’s income, and
repayment capacity. Many lenders finance a major portion of the car’s on-road price.
The repayment period is flexible and is usually offered for several years, allowing the
borrower to choose a tenure that suits their budget.