Chintamani Finlease Car Loan

Lending and eligibility usually depend on age, income, job stability, credit score, and other dues owed.

Basically, commonly demanded documents include some proof of identity like an Aadhar/PAN card, proof of address, income proof through salary slips or bank statements, and vehicle-related documents.

Loan tenures are usually between 1 to 5 years. The lender has his preferred loan tenure and the borrower too.

Most lenders provide 80-100% of the road car price, though this is credit-profile and income-based

Yes, most lenders offer loans on new and second-hand cars. For second-hand cars, the terms in the loan are very strict, for instance, higher interest rates and shorter tenures

Indeed, in most lending institutions, upon making an application, one must be insured on car insurance because it covers the car being used as collateral.