Get Your Dream Car with Easy Vehicle Loans
Drive your dream car with 24×7 Achha Hoga Advisory Pvt. Ltd. Car Loan services! Offering competitive interest rates, fast approvals, and flexible repayment options, we make owning a car easier than ever. Whether you’re buying a new vehicle or a used one, our simple documentation process and quick disbursal ensure a hassle-free experience. With financing up to 100% of the car’s value, we tailor loans to fit your budget, helping you hit the road in no time. Get the best car loan deal today!
Key Features of our Vehicle Loan
Loan Amount Up to ₹10 Crore
Access substantial financing with loans available up to ₹10 crore, enabling you to purchase your dream vehicle without compromise.
Flexible Tenure Up to 84 Months
Enjoy the convenience of choosing a repayment tenure of up to 84 months, allowing you to manage your finances comfortably while enjoying your new vehicle.
Easy Minimal Documentation
Experience a streamlined application process with minimal documentation requirements, making it quick and easy for you to secure your vehicle loan and hit the road.
Advantages and Highlights of Our Vehicle Loan
High Loan-to-Value (LTV) Ratio: Achha Hoga helps the customer to secure loans covering up to 90-100% of the vehicle’s on-road price.
Flexible Repayment Tenure: Borrowers can choose repayment options ranging from 1 to 7 years, offering flexibility in managing EMIs.
Competitive Interest Rates: With access to over 100 banks and NBFCs, Achha Hoga ensures clients get the best interest rates available in the market.
Quick Disbursal: Achha Hoga’s streamlined processes enable faster approvals and disbursements, allowing clients to drive off with their new vehicle without delay.
Both New and Used Cars: Loans are available for both new and pre-owned vehicles, making it easier to finance any purchase.
Prepayment Options: Minimal penalties on prepayment and foreclosure, helping clients close their loans early without significant fees.
Car Loan Eligibility for Salaried and Self-Employed Individuals
For Salaried Individuals:
- Must be between 21 and 70 years old by the end of the loan tenure.
- Should have at least 2 years of work experience, with a minimum of 1 year at the current employer.
- Minimum annual income of ₹3,00,000, including the earnings of a spouse/co-applicant.
For Self-Employed Individuals:
- Must be between 21 and 65 years old by the end of the loan tenure.
- Must have been in business for at least 2 years.
- Minimum annual income of ₹3,00,000.
Factors Affecting Car Loan Eligibility:
- Credit Score: A good score boosts your chances.
- Income: Higher earnings can improve eligibility.
- Employment History: Stable work experience is key.
- Age: Loan eligibility is age-dependent.
- Debt-to-Income Ratio: Lower debt improves chances.
- Loan Amount & Tenure: Higher amounts or longer tenures may impact approval.
- Work Experience: Relevant for self-employed applicants.
- Credit History: A clean repayment history is essential.
- Location: Geographic factors can influence eligibility.
Documents Required for Car Loan Application
To ensure a smooth and quick approval process for your car loan, have the following documents ready as per your lender’s requirements.
Required Documents:
- KYC Documents: Valid photo ID proof (Aadhar, Passport, etc.)
- PAN Card: For identity and tax verification.
- Income Proof: Last 2 years’ Income Tax Returns (ITR).
- Salary Proof: Latest 3 months’ salary slips.
- Bank Statement: Salary account statement for the last 6 months.
- Signature Verification: Document to verify your signature.
- Proforma Invoice: Invoice from the car dealer showing vehicle details and pricing.
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.5% to 4% of Loan Amount |
| Loan Cancellation | ₹3,000 to 5% of Loan Amount |
| Stamp Duty Charges | As per value |
| Legal Fees | As per value |
| Penal Charges | Usually @ 2% per month; 24% p.a. |
| EMI / Cheque Bounce | Around Rs 500 per bounce |
Charges may vary as per Case scenario!