DCT Multiservices LLP - Your Trusted Financial Partner
Office no 101,102 1st Floor,Mittal chamber building , jm road Shivaji Nagar 411005
manasbaranwal@gmail.com +91 8600143860

Car Loan

Quick Vehicle Financing

The Hassle-Free Way to Finance Your Dream Car

Whether you are planning to purchase a brand-new sedan or a pre-owned vehicle, our Car Loan services offer competitive interest rates and flexible repayment options. We provide instant loan offers tailored to both salaried and self-employed individuals and entities.

  • Financing for New Cars (up to 90%-100% of value).
  • Loans available for Used/Pre-owned Cars.
  • Loan amounts starting from ₹3 Lakhs, up to ₹1 Crore or more.
  • Repayment tenures ranging from 1 to 7 years.
New & Used Car Financing
Fast Approvals & Disbursals
Flexible EMI Options
Longer Tenure up to 7 Years
Car loan application and keys

Car Loan Inquiry Form

Let us know your requirement to get an instant loan offer for your new or used vehicle.

Key Features and Benefits of Car Loans

We ensure competitive pricing and services for a smooth car buying experience.

Attractive Interest Rates

We offer attractive, often negotiable, interest rates that are competitive across the market, available for both salaried and self-employed applicants.

High Financing Value

Financial institutions often fund up to 90% of the car's value, with special schemes offering 100% financing based on the customer's financial profile.

Fixed or Floating Rate

Similar to Home Loans, applicants can typically choose between a predictable Fixed Rate or a market-linked Floating Rate of interest.

Pre-Payment Options

While part-payment is usually restricted, full pre-payment (foreclosure) is permitted after a lock-in period (typically 6-12 months) with applicable charges.

Detailed Car Loan Eligibility Criteria

Eligibility is based on age, income, and employment/business continuity.

For Salaried Individuals
  • Minimum Age: 21 years at application.
  • Maximum Age: Up to 70 years at loan maturity (conditions apply).
  • Employment: Minimum 1 year of continuous employment.
  • Net Annual Income: Minimum ₹2.4 Lakhs per annum.
For Self-Employed / Business Entities
  • Minimum Age: 18 years (Individual) / N.A. (Firm).
  • Maximum Age: Up to 75 years at loan maturity.
  • Business Continuity: Minimum 3 years in the same line of business.
  • Net Annual Income: Minimum ₹1.8 Lakhs to ₹2.0 Lakhs per annum (as per latest ITR/Financials).

Essential Documents for Car Loan Application

A swift approval requires the submission of complete and up-to-date documentation for identity, residence, and income proof.

Documents for Salaried
  • ID & Address Proof: Passport, PAN Card, Driving Licence, Voter's ID. Residence proof (Utility Bill, Rent Agreement, etc.).
  • Latest 3 months Salary Slips.
  • Latest Form 16 and income tax computation.
  • Last 6 months Salary A/c Bank Statement.
Documents for Self-Employed / Business
  • KYC & Address Proof: Applicant ID & Residence Proof. Business Address Proof (Telephone Bill, Shop Act, etc.).
  • Last 2 years ITR copies (acknowledged).
  • Audited P&L Account and Balance Sheet for the last 2 years (CA Certified).
  • Latest 6 months Bank Statement (Business Account).

Frequently Asked Questions (FAQs) about Car Loans

Yes, financial institutions offer loans to purchase used or second-hand cars. However, note that the interest rates for used cars are typically slightly higher compared to new car loans. The final loan amount depends on the vehicle's valuation and your repayment capacity.

Car loan tenures usually range from 1 to 5 years, with some lenders offering extended tenures up to 7 years. You can choose a tenure that balances your desired monthly EMI with the overall interest cost.

Yes, Car Loan interest rates are often negotiable. Factors like your relationship with the bank, your credit score, and your financial credentials (income and employment stability) can influence the final rate offered.

Missing EMI payments can lead to late fees and, more significantly, a drop in your credit score, which negatively impacts future loan eligibility. If defaults continue, the bank has the authority to seize the financed vehicle as the car is the collateral for the loan.
DCT Multiservices LLP - Your Trusted Financial Partner

Our Office

Office no 101,102 first floor Mittal chamber building near Panchali hotel jm road Shivaji Nagar 411005

+91 8600143860

+91 7030143860

manasbaranwal@gmail.com

sales@dctfinmultiservices.com

backoffice@dctfinmultiservices.com

manas@dctfinmultiservices.com

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