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Car Loan

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What is a Car Loan ?

Cars today are a basic utility that everyone feels the need to own. You’ve been waiting patiently and saving for that purpose. Rk Loan Finance offers you the opportunity to own a car that you would not dream to own a decade ago. Rk Loan Finance offers tailor-made car loans with exclusive features both for salaried and self-employed persons. To get your car within your reach, talk to your Rk Loan Finance Team for constructive choices via phone, email, or chat, and apply for a Car Loan to get your Rk Loan Finance’ Flexible Car Loans Advantage. Own a car you want with Rk Loan Finance team at your service!

Car Loan – Process

  • Select the Product
  • Fill Out Application
  • Receive Sanction Letter
  • Approval of Loan
  • Loan Amount Disbursal

Why Choose Us

RK Loan Finance  has the means and resources to make life comfortable and secure for you. You may command our interest in your assignment to procure a car to make life easy for you. We are interested in your goodwill. Our loan professionals understand and predict the nature of your financial liquidity. Being aware of your troubles and travails of availing car finance for the new car you have in mind, makes us less fussy, and more capable of assistance. However challenging your case, we will not turn our back on you. That’s the reason why more than 150 well-known Banks and NBFCs have partnered with us. Our 24/7 digital resources are designed to serve your immediate and urgent computing needs, so that you can compute your car loan eligibility, EMIs, cost of loan, etc. With an eye on your wellbeing, we work for you. Trust us, you’ll thank your stars that you’re with us.

RK Loan Finance has on offer the best features when you plan to avail a Car Loan:

High Value Loans Easy Documentation
90% to 100% Finance Available Quick and Simple Process
Low Interest Rates Speedy Approval and Disbursal
Flexible Loan Tenures Choice of Multiple Lender Offers
Friendly EMIs Top Up Loans Available

Car Loan - Benefits and Characteristics

  • Finance for purchasing of both new and used cars
  • 85% to 90% of on-road price available as finance. Some lenders also offer 100% finance depending on the vehicle on-road price
  • Loans tenures range from 1 year to 7 years
  • Loan value or loan amount up to three times your annual income also sanctioned
  • Instant finance also offered on select cars
  • Additional discounts and offers available on dealer or manufacturer-lender tieups
  • Purchased car acts as collateral until completion of loan repayment
  • Repayment structured on easy Equated Monthly Instalments

Documents Required for a Car Loan

Photo Identity Proof Voter ID Passport Aadhaar Card Driving License
Age Proof Voter ID Passport, Driving License, Aadhaar Card , Birth Certificate, Secondary School Leaving Certificate, Pension Payment Order or Receipt, LIC Policy
Residence or Address Proof Electricity Bill, Telephone Bill, Post-Paid Mobile Phone Bill, Water Tax Receipt, Property Tax Receipt, LIC Policy Receipt, Recognized Public Authority Verification Letter
Address Proof Rent Agreement, Ration card, Passport, Driving License, Electricity Bill, Property Tax Receipt, Water Bill, Telephone Bill, Credit Card Bill
Income Proof 3 Months Salary Statement, 6 Months Bank Statements
Income Tax Form 16
Employment Proof Employers Letter, Identification Card
Photograph 3 Passport Size Photograph

Additional Documents for Car Loans for Self-Employed, Non-Salaried, MSMEs, and SMEs

Proof of Business PAN, GST, Registration Certificate, Trade License Partnership Deed Article of Association, Memorandum of Association, Import Export Code, Registration Certificate, Professional Practice License for Doctors, Consultants, etc Registration Certificate of Establishment for Shops, Factories, and Other Establishments, Business Address Proof
Income Proof - Financial Statement Audited by CA Profit and Loss Account Statement, Balance Sheet, 6 Month Bank Statements, 3 Year Income Tax Returns
Income Tax 3 Year Income Tax Returns or Assessment Orders, Advance Income Tax Paid

Get financing for whatever you need now

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Car Loan Eligibility Criteria

Cars today are a status symbol, as well as a utility that serves day-to-day purposes. Essential to your comfort and to the demands of time, your aspirations to own a car are now within reach. We at RK Loan Finance have collaborated with several well-known banks and NBFCs to offer you an array of car finance solutions for a comfortable living. RK Loan Finance has on offer tailor-made car loans that differ in terms of individual abilities, and other factors. To own a car, talk to your RK Loan Finance Team for beneficial alternatives via phone, email, or chat, and apply for a Car Loan to get your RK Loan Finance’ Flexible Car Loans Advantage. Eligibility criteria for car loans are as follows.

Salaried Individual Self Employed Individual
Resident Citizens of Indian Resident Citizens of Indian
Minimum Age: 21 years Minimum Age: 21 years
Maximum Age: 60 years at Loan Maturity Maximum Age: 65 years at Loan Maturity
Income Requirement: Minimum Rs. 2,50,000 p.a. Income Requirement: Minimum Rs. 2,50,000 p.a.
Employment: Minimum 2 years, and 1 year with Current Employer Business: Minimum 2 years in Current Profession
Healthy savings history and professional stability Minimum 1 year Business Vintage

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

What is a car loan?

A car loan refers to an agreement between a borrower and a lender where the borrower requests the lender for a certain amount of money for the purchase of a car, and the lender agrees to approve and disburse that sum money. The borrower also agrees to return the borrowing with an interest agreed by both, as also in agreement with the terms and conditions of the loan.

Is there a minimum salary requirement to apply for a car loan?

Although most lender would not specify minimum salary, you salary must exceed a predetermined threshold as required by the lender.

Do I need collateral for a car loan?

You would generally apply for a car loan when you are interested in purchased a car. The same car acts as collateral to secure the loan. There are not additional collateral requirements for your car loan.

What security or collateral do I need to provide when I avail an Car Loan?

You don’t need to provide additional security for a car loan, since your car acts as collateral for borrowing.

Get a Quote

Now apply for a Car Loan online, All you need to do is provide your details below application form.


    • Interest Rate: 9.15% onwards*
    • Initial Processing Fees of Rs. 3000 + GST I IPF applicable for fresh Home Loan cases
    • Tenure upto 30 Years
    Here’s an example:

    Loan Amount Rs. 35 Lakhs, Tenure: 30 Years, Interest Rate: 9.15%, equates to EMI: 28,540/-
    *Terms & Conditions Apply
    501-505 5th Floor Satva, Vastral Metro Cross Road, Opp. Sardar Patel Ring Road, Vastral, Ahmedabad, Gujarat 382418

    +91 82004 29969

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