Car Loan..

UG Money Fast Track car loan schemes
Car loans made as simple as deciding the model. Turn your dreams into reality. Own that new car you have always desired, with a little help from us. We offer loans up to 80% of ‘on-road’ cost on select models, and up to 90% of the ex-showroom price on others. Our interest rates would pleasantly surprise you. What’s more, you can take up to 6 years to repay the loan. Worried about paperwork? Relax. The process for getting a loan involves only a few simple steps and we will tailor-make the loan to suit your needs.Our Car Loan offers a convenient car buying experience with faster approval and doorstep service. We offer Car Loans for the entire range of private cars and multi-utility vehicles. Drive home in your dream car with Car Loan, one of the leading car finance providers in India.

CAR LOAN RATE OF INTEREST
( Last edited on : 18 Aug 2017 )

Bank
Interest Rates Apply
ICICI BANK 8.50% P.A. Apply
HDFC BANK 8.50% P.A. Apply
Kotak Mahindra 8.50% P.A. Apply
SBI 8.50% P.A.
Apply
Magma Fincorp 8.75% P.A. Apply

 

 

 

 

 

Features & Benefits

  • Quick and Easy processing, Very simple and Hassle-free documentation.
  • Transparency: No hidden charges.
  • Flexible repayment option: 12 to 60 month scheme with structuring based on customer need.
  • Fast track Loan:  processing within 48 hours.
  • Attractive interest rates.

Salaried Individuals:
You should be employed for a minimum of 2 years
Your minimum net salary should be Rs 1.5 lakhs per annum
Your net monthly take-home salary should be at least 2 times of the total monthly installment including proposed and rent paid
Your loan to income ratio to be max 2 times.
You should be within 23 - 60 years of age(or retirement age whichever is lesser- at the end of loan period
You should be residing at the current address for a minimum of one year and in the city for 3 years
You should have a landline or postpaid connection.
Professional / Partner / Proprietor/Director:
You should be in business for a minimum of 3 years.

    • Your minimum gross income should be Rs.1.5 lakhs per annum
    • Your loan to income ratio to be max 2 times.
    • Your Income to Annual emi of proposed loan to be minimum 2 times
    • You should be self employed within 27- 65 years of age.
    • Your current place of residence should be occupied for a minimum of one year and in the city for 3 years

    You should have a landline or postpaid connectio
    Co-borrower:

    The salary slips from the latest 2 months

    You should provide a co-borrower who resides in the same city.

    Co-borrower to give ID proof, Signature verification, Residence proof.

    If necessary, Co-borrower may need to give income documents also
    Documentations.
    Salaried individual:

    • The salary slips from the latest 2 months.
    • Form 16 for latest year
    • 6 months Bank statements of your salary credit account
    • Proof of residence.
    • A signature verification from a bank or a valid driving license/Passport copy/Pan card copy and bank statements for the last six months.
    • Proof of two years of employment.
    • Your photograph.
    • Identity proof
    • Telephone number of your office/residence and postpaid or residence landline bill copy.
      Self-employed / Proprietor:
    • The balance sheet and profit and loss account attested by a CA for the last 2 years
    • Copies of Income Tax return and computation of income tax for the last 2 years.
    • 6 months Bank statements of the main operative account
    • Signature verification from a bank/driving license/passport copy/pan card copy and bank statements for  the last six months.
    • Identity proof
    • Proof of residence.
    • telephone number of your office/residence along with postpaid/landline bill copy latest.

    Partner in a Firm:

    • ITR, computation of income, Balance sheet and profit and loss account attested by a CA for the last 2 years.
    • Bank statements for last 6 months
    • Partnership deed copy.
    • Letter of authority/consent letter from all partners to execute the agreement.
    • Proof of residence, signature verification(Any one of above as indicated
    • Identity proof
              • Telephone bill copy

    Director in a company:
    IT returns, Balance sheet and profit and loss account attested by CA for the last 2 years for the company

          • Bank statements for last 6 months
          • Individual IT returns in case car is to be in individual name
          • MOA/AOA of the company
          • Board Resolution (In case the company is part of the agreement)
          • Proof of residence, signature verification(Any one of above as indicated)
          • Telephone bill copy.
            Other Terms
    • Two references to be provided for both borrower and co-borrower.
    • Minimum Loan amount: Rs 1 lakh for new cars and Rs 50k for used cars.
    • Minimum Tenor: 1 year, Max tenor: 5 years** for new cars and 3 years for used cars.
    • Loan to Value (%) Up to 85% for new cars and up to 75% for Used Cars (Varies according to models).
    • No of present owners in Used Cars: Maximum 3.
    • Age of Used Car at the end of loan period: Maximum 8 years(Varies according to models)


OUR PREFFERED CAR LOAN PARTNERS:





UGMONEY
Customer Care +91-9711152918/9811152918
About us | Balance Transfer-Topup Loan | Bank Partners | Contact Us | Insurance| Car Insurance| Life Insurance | Privacy Policy | Terms of use |