New Car Loan

At StarInvest, we offer New Car Loans to make it easier for individuals to own their dream car. Our new car loan plans are designed to cater to various needs, ensuring that you can finance the purchase of a brand-new car with competitive interest rates and flexible repayment terms. Whether you are looking to buy a hatchback, sedan, or SUV, we provide the financial support you need to drive your chosen vehicle without delay.

Loan Details:

• Loan Amount: The loan amount can cover up to 90-100% of the car's on-road price, depending on the applicant's eligibility.
• Interest Rates: We offer attractive interest rates that are customized based on the applicant's credit profile, the loan amount, and the tenure.
• Repayment Tenure: Loan repayment can be made over flexible terms ranging from 1 to 7 years, allowing you to choose a duration that best suits your financial situation.
• Processing Fee: A minimal processing fee is applicable, which will be communicated upfront.

Eligibility Criteria:

• Age: Applicants must be between 21 and 65 years old.
• Income: A minimum monthly income requirement is set, which varies depending on the loan amount.
• Employment: Applicants should have stable employment with at least 1-2 years of work experience, either salaried or self-employed.
• Credit Score: A healthy credit score (usually above 650) will increase your chances of loan approval.
• Car Type: The loan is provided for the purchase of a new car, and the make/model should be from authorized dealerships.

Required Documents:

1. Proof of Identity: Government-issued ID (Aadhar Card, Passport, Voter ID, etc.)
2. Proof of Income: Latest salary slips or income tax returns.
3. Bank Statements: Last 3 to 6 months of bank statements.
4. Address Proof: Utility bills, rent agreement, or property documents.
5. Car Quotation: The official quotation from the authorized car dealership.

With our straightforward process, flexible terms, and quick approval, StarInvest ensures that your car-buying journey is as smooth as possible!