Our flexible and affordable Vehicle Loan

Vehicle Loan

Lonar Easy and flexible finance options for vehicles, ranging from two-wheelers, cars, commercial vehicles, etc. Buying a car is one of the significant purchases that people make, however, with the availability of secure financing options having a vehicle is not just a dream but a necessity that most of us can easily afford.The rates for a vehicle loan vary as per the value of the vehicle, the loan amount you have applied for, and the repayment capability of the borrower.

Before applying for a vehicle loan online, make sure to use the vehicle loan calculator to find out your EMI. Apply for a Vehicle Loan and make your dream of owning a car come true.

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Features of Vehicle Loan

Attractive Interest Rates
Ease of Documentation
Faster processing
Varied Repayment Options
High-Value Vehicle Loans
Up-to 100% on Road Price Funding
List of documents

Required Documents

Here is a list for your quick reference.

  • PAN card, Passport, Driving License, Aadhaar Card, Voter ID
  • Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old)
  • Form 16, last 3 months salary slip, last 3 months' bank account statement showing salary credit
  • Quotation of the cost of the car selected from the dealer
Eligibility Criteria

Vehicle Loan Eligibility

To avail a business loan, you must meet the following eligibility criteria –

  • Age Limit for Self-Employed Individuals : Age between 18 years and 75 years
  • Minimum Salary : Minimum net monthly income of Rs. 20,000
  • Must be salaried or self-employed, working for a government establishment or a private company
  • At least 1 year of employment with the current employer.
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Frequently Asked Question

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