We give car loan to borrowers who need funds to buy a new and used car. Benefits of taking vehicle loan from Vijaykant Finance are:
Lowest processing fees on all car loans.
High eligibility of up to 80 per cent of Exshowroom Price
No Pre-Payment Penalty, No Foreclosure Charges.
Our Car Loan interest rate depends upon following factors
Loan amount
Generally we offer lower interest rates for higher amount. Vijaykant Finance offers for New car loan 80% on ex-showroom
Your Salary
Higher salary bracket individuals are offered loans at lower interest rates. Car Loan interest rate varies with your net monthly income.
Employer Category
Employer category of the borrower is a major deciding factor in order to determine his/her rate of interest. We have a list of company categories of salaried individuals to which they avail vehicle loan. So, higher company category leads to low car loan rate.
Loan Tenure
Our vehicle loans are of repayment tenure of 3years.
Repayment Capacity
Before giving loan to the borrower, we checks the repayment capacity of the borrower.
Car loan eligibility relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are:
Age: Age plays an important role to know your eligibility and repayment capacity. We offer auto loan to those who are atleast 21 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
Income: Our car loan calculator calculates your eligibility based upon your income. Usually bank set minimum levels of income to apply for car loan.
Job Stability and Profession: Job stability is important to improve your status and eligibility for vehicle loan from Vijaykant Finance. If you are working with a reputed company, probability of getting car loan increases as the income is considered to be more stable and we offers best car loan interest to the employees of reputed companies.
Loan Amount: Our auto loan amount depends upon your income. We give 80% of ex-showroom price depending upon the value of the car.
Filled up loan application form
2 Passport Size Photo
Gaurantor
Gas Bill
Electricity Bill
Copy of Income Tax PAN
Identity Proof –Aadhaar, Passport/ Driving License/ Voter ID/ PAN
Quotation of car
Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
Income Documents – 3 months pay slip, 2 years Form 16, Latest 6 months bank statement showing salary credit and any EMI debit
R.C of Vehicle and Insurance of Car
Filled up loan application form
2 Passport Size Photo
Gaurantor
Gas Bill
Electricity Bill
Copy of Income Tax PAN
Identity Proof – Aadhaar, Passport/ Driving License/ Voter ID/ PAN
Quotation of car
Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
Income Documents – 3 months pay slip, 2 years Form 16, Latest 6 months bank statement showing salary credit and any EMI debit
R.C of Vehicle and Insurance of Car.