It is everyone's dream to take a branded car with them. A car not only makes your life comfortable but also reduces many difficulties. Reaching the office while battling public transport or going out for weekends, everything becomes very easy. Earlier, buying a car was a big thing for anyone, because it had to spend a lump sum, but now it is very easy due to the easy availability of a car loan. Banks and non-banking finance companies offer car loans on easy monthly installments, which have made it very easy to buy cars now. Due to this, your budget is not deteriorated and convenience is also available ONEXINVEST companies offer car loans on easy monthly instalments, which has made it very easy to buy cars now. With this, your budget is not deteriorated and convenience is also available.

Before applying for a loan there are some conditions, which you need to take care of. It includes information about age, minimum salary, type of job, and residence.

Documents required for a car loan

  • Proof of identity (PAN card, passport, driving license, etc.)
  • Voter ID card,
  • Passport
  • Such as proof of address as proof photograph car papers
  • Three-month salary slip
  • Six-month bank statement,

Proof of income such as income tax returns some companies do not finalize loans without a copy of car insurance and driving license.

The car loan is generally given for one to seven years. You can repay it before the scheduled time according to your convenience. Applying for a car loan is easy, as it has fewer documentary requirements. You do not even need to pledge anything separately here. The loan is secured with the car itself. However, while buying the car, keep in mind your budget.

Applying for a car loan is easy, as it has fewer documentary requirements. You do not even need to pledge anything separately here. The loan is secured with the car itself. However, while buying the car, keep in mind your budget.

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