Secured by the vehicle
The financed vehicle serves as security against the loan.
Car Loan
Car Loans
Are you eyeing a car or vehicle and in need of a loan? ANG-FINTECH helps you find vehicle financing across our network of partner banks and NBFCs.
Overview
Financing for the vehicle you want
A car loan is a secured loan — the vehicle being financed stands as security. Lenders look at income, how long you have been earning and how settled your current residence is, all of which appear in the criteria below.
ANG-FINTECH is a loan facilitator. We help you understand where your profile fits, assemble the documentation and route the application to a partner bank or NBFC, which sanctions and disburses on its own terms.
Why this product
What a car loan gives you
Salaried and self-employed
Separate income-proof routes exist for salaried and self-employed applicants.
New and existing vehicles
A copy of the vehicle registration certificate forms part of the document set.
Partner network
Your profile is matched against our network of partner banks and NBFCs.
Eligibility Criteria
Are you eligible?
If you meet the basic criteria below, you are eligible to apply for a car loan.
- Nationality should be Indian.
- Minimum age: 21 years. Maximum age: 60 years (salaried) and 65 years (self-employed).
- Net income should be Rs. 10,000 per month or above.
- Applicants should have working experience of at least 2 years.
- Applicants must have stayed at their current residence for at least 1 year.
Documents Required
What you will need to submit
Below are the documents required for completing your application process.
- KYC documents
- Aadhaar Card
- Voter's ID
- Passport
- PAN Card
- Income proof — salaried
- Current 6 months' salary slips
- Past 3 months' bank statement
- Form-16
- Updated ITR
- Income proof — self-employed
- Past 3 months' bank statement
- Balance sheets
- P&L accounts
- Updated ITR
- ITRs and computation, balance sheet audited by a registered CA, and profit/loss statement for the past two years
- Signature proof
- Copy of the vehicle registration certificate
Quick Loan Process
How your application moves
Five steps from first conversation to disbursal. Timelines and the final decision rest with the lending partner.
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Talk to an Expert
Tell us what you need and an advisor helps you shortlist a suitable lender.
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Submit your documents
Share your KYC, income and product-specific paperwork.
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Verification
The lending partner reviews your profile and validates the documents.
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Loan processing
Your application is processed by the partner bank or NBFC.
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Disbursal
On approval, the sanctioned amount is released as per the lender’s terms.
More from ANG-FINTECH
Explore our other loan products
Six core products, sourced across our network of partner banks and NBFCs.
Get a car loan with ANG-FINTECH
Talk to an advisor about your requirement and we will help you find a suitable lending partner from our network.