New CAR Loan EMI Calculator
Powered By 1Rupay.com
Millions of Indians today are upwardly mobile, and on the move. Many are looking at having their own car to reach their destination on time and with comfort. Now, the years of waiting and saving are over. Our Xpress Car Loan will bring that dream of owning a vehicle within your reach in just a few minutes
Xpress Car Loan with Our Lenders
100% Digital
Apply at anytime, from anywhere
Instant
30 minutes end to end digital process
No Documentation
No physical documents or verification required
Flexible Repayment
Step-Up / Balloon EMI Options
Zero Foreclosure
Zero Foreclosure after 24 months of repayment
Top-up Loans
Top-up Loans after 9 months
All You Need To Know About Car Loan
Overview
Get Car Loan at attractive rates in just 30 minutes!
The thrill of bringing your brand-new car home is special. Car Loan has been the driver behind fulfilling the dreams of people to own cars. What if we told you that there was an easy, quick and seamless way to get your car?. Our Xpress Car Loan is committed to making your car buying experience smoother than ever. It provides 100% financing on select vehicles, pocket-friendly EMIs, and flexible repayments
100% digital loan
Our Xpress Car Loan is 100% digital and you can apply for it anytime, anywhere. You can instantly apply for the loan and it only takes 30 minutes with our end-to-end digital process. There is no physical verification process and you don’t need to submit any physical documents.
Quick disbursal in just 30 minutes
It does not matter where you stay, you can apply for the loan from anywhere in India. Our Xpress Car Loan ensures that your Auto Loan is disbursed instantly to your car dealer through Ne;tBanking.
High loan amount
With Our Car Loans, you can get an Auto Loan of up to ₹25 lakhs on a wide range of cars and multi-utility vehicles. You can enjoy up to 100% on-road finance on your New Car Loan.
Flexible repayments
Our Xpress Car Loan comes with flexible repayment tenures tailored to your needs at the most affordable Car Loan rates. You get to select the repayment tenure from 12 to 84 months along with quick and easy processing and approval.
3,000+ car dealers
Our Lenders has created a vast network of dealers to ensure hassle-free loan processing. As the name suggests, the Xpress Car Loan supports 3,000+ car dealers across India. This allows the bank to process your New Car Loan application in just 30 minutes while you enjoy quick and transparent loan application and processing.
Preferred pricing
Are you have an existing Loan? Well, you can enjoy the privilege of preferred pricing. Our Lenders allows its existing customers to benefit from the unique schemes designed exclusively for them. Now, you can avail of a loan instantly without any documentation.
Insurance
While you enjoy your ride, the bank has got you covered with its insurance facility. We offers a comprehensively packaged insurance product that offers you protection against uncertainties like accidental death, permanent total disability as well as accidental hospitalisation.
The following people are eligible to apply for a New Car Loan:
Salaried Individuals:
- This includes employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
- Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
- Those who earn a minimum of Rs. 3,00,000 per year, including the income of the spouse/co-applicant
- Individuals who have a telephone/post-paid mobile
Self Employed Individuals and Professionals (Sole Proprietorship):
- This includes self-employed sole proprietors in the business of manufacturing, trading or services
- Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
- Those who have been in business for a minimum of 2 years
- Should earn at least Rs. Rs. 3,00,000 per annum
Self Employed Individuals and Professionals (Partnership Firms):
- This includes self-employed partners in the business of manufacturing, trading or services
- Those who have a minimum turnover of Rs. Rs. 3,00,000 per annum
Self Employed Individuals and Professionals (Private Limited Companies):
- This includes individuals who own a private company in the business of manufacturing, trading or services
- Should earn at least Rs. Rs. 3,00,000 per annum
Self Employed Individuals (Public Limited Companies):
- This includes directors in public limited companies that are in the business of manufacturing, trading or services
- Should earn at least Rs. Rs. 3,00,000 per annum
Required Documents
Salaried Individuals
1. Any of the following documents as identity & Address Proof
- Valid Passport
- Permanent Driving license [recent, legible, laminate]
- Voters ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name & address
- Aadhar Card(only if Submitted voluntarily & backed by Aadhar consent Letter.1st 8 digits of Aadhar Number on physical copy to be redacted)Aadhar Card can be Physical Aadhar or Print out of e- Aadhar (not older than 30 days from the date of application).
2. Latest salary slip and Form 16 as income proof
3. Bank statement of the previous 6 months
Self Employed Individuals
(Sole Proprietorship)
1. Any of the following documents as identity & Address Proof:
- Valid Passport
- Permanent Driving license [recent, legible, laminate]
- Voters ID Card
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name & address
2. Latest Income Tax Returns (ITR) as income proof
3. Bank statement of the previous 6 months
Self Employed Individuals
(Partnership Firms)
1. All the following documents as income proof:
Audited Balance Sheet
Profit & Loss Account of the previous 2 years
Company ITR for the previous 2 years
2. Any of the following documents as address proof:
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI Registered Certificate
Sales Tax Certificate
3. Bank statement of the previous 6 months
Self Employed Individuals
(Private Limited Companies)
1. All the following documents as income proof:
Audited Balance Sheet
Profit & Loss Account of the previous 2 years
Company ITR for the previous 2 years
2. Any of the following documents as address proof:
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI Registered Certificate
Sales Tax Certificate
3. Bank statement of the previous 6 months
Self Employed Individuals
(Public Limited Companies)
1. All the following documents as income proof:
Audited Balance Sheet
Profit & Loss Account of the previous 2 years
2. Any of the following documents as address proof:
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI Registered Certificate
Sales Tax Certificate
3. Bank statement of the previous 6 months