Auto Loan

Auto Loan

Travelling has become a part of every individual’s daily life, be it commuting to work, travelling with your family or even going for a quick weekend getaway. Owning your very own car will help you meet your needs of comfort travel and convenience, no matter how varied it may be. A car loan can help you get a step closer to owning your dream car.

An instant car loan from Atharv Financial Services offers the convenience of financial assistance for those seeking to purchase a new or used car. We also offer used car refinance for those seeking to refinance existing low interest car loans. Our loan offerings include top ups on existing vehicle loan, attractive interest rates, quick and speedy processing, and a hassle free documentation processing.

We offer three types of auto loans:

1. Loans for New Car puchase

2. Loans for Used Car Purchase

3. Loans for Used Car Re-finance

Salaried Individuals:

Eligibility Criteria

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 58 years (60 years for Central Government, Employees)
  • Employment: Minimum 3 years in employment and minimum 1 year in the current organization
  • Minimum Net Monthly Income: ₹ 35,000 per month.

Self Employed (Non-Professionals, Individual & Proprietorship firms):
Eligibility Criteria:

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 65 years
  • Years in business: Minimum 3 years in the same business
  • Minimum Annual Income: ₹ 200,000 per annum.

Self Employed (Partnership Firms & Private Limited Company):

Eligibility Criteria

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 65 years
  • Years in business: Minimum 3 years in the same business
  • Minimum Annual Income: ₹ 200,000 per annum.

  • Documents required:

    • Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*/Photo Credit Card / Photo/ Employee ID card for Govt.& PSU employees /Driving License/ Voter ID/ Utility Bill (anyone (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill)/ Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
    • Bank Statements - Latest statements / Bank passbook (updated within 90 days)
    • Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter.

  • Documents required:

    • Proof of Identity & Address Proof: Passport / Voters ID / Driving License/ PAN Card*/ Shops & Establishment certificate/ Trade license certificate/ SSI registration certificate/ Sales Tax / VAT registration certificate /Utility Bill (anyone(anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) /Shops & Establishment certificate/Trade license certificate/ SSI registration certificate- Sales Tax /VAT registration certificate/Driving License/ Voter ID / Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
    • Bank Statements - Latest statements / Bank passbook (updated within 90 days)
    • Latest 2 years ITR along with computation of Income and latest 2 years Audited Financials required (if applicable) along with Audit Report

Note: All documents should be self-attested.