Car Loan – Mumbai

Click to apply for Car Loan in Mumbai

car loan in Mumbai

Avail a Variety of Car Loans with Ease!

Are you on the lookout for the best car loans? Look no further! At Indexia Finance, securing a car loan is now simpler than ever. We provide Car Loans in Mumbai, ensuring a convenient doorstep facility with the right bank coming to you. By partnering with leading banks in the country, we grant you access to a variety of options. To benefit from our services, just fill out our quick online form. Once submitted, the partnered banks evaluate your details to offer you a suitable deal.

Revolutionizing Car Buying with Internet Wisdom

The Internet has revolutionized how we buy cars, making it crucial to educate yourself before making a purchase. While financing directly at a showroom might get you the car, it could also lead to paying more than necessary.

Choosing the Right Car Financing

Choosing the right car finance is challenging but essential. You might be confused about which option is most beneficial and end up with a deal that has hidden strings attached.

Tips for Choosing the Right Car Financing Option

So here are a few things, we at Indexia Finance think might help you in choosing the right car-financing option:
  1. Know the type of car you want and ensure it fits your estimated budget.
  2. Narrow down your car choices to two or three.
  3. Compare rates from different banks and dealers.
  4. Clear up old debts to improve your credit history before applying for a car loan.
  5. Understand the interest rates and loan tenure, considering both flat rate and reducing balance methods.
  6. Check for any processing fees and pre-payment penalties.
  7. Keep in mind the insurance requirements for your car.

Understanding Loan Repayment

Loan repayment happens through Equated Monthly Instalments (EMIs) comprising the principal amount and interest rate. Calculating the total amount over the loan tenure is crucial, and tools like EMI calculator can help.

Insurance Matters

Driving an insured car is a legal requirement. Ensure you get an insurance policy for a year’s duration, renewing it when necessary. The premium is added to the EMI, providing coverage for the vehicle’s market value.

Financing Your Next Car

Remember these key aspects while financing your next car. Indexia Finance is your ideal destination for the best car loans from top banks. Fill out the application form now! As one of the best car loan providers in Mumbai, you can click to apply online for a Car Loan with us.

Required Documents For Car Loan Mumbai 

The following documents are required for the Best Car Loan in Mumbai:

Common Documents

  • 2 Photographs of each applicant & co-applicant
  • Passport of each applicant & co-applicant
  • Utility Bill of office and residence (latest month) for each applicant & co-applicant
  • Pan Card Copy each applicant & co-applicant

In the case of Salaried

  • Employment certificate from the employer
  • Copies of payslips for the last 6 months and TDS certificate
  • Last 2 Years Form 16 issued by employer Bank statements

Income Documents

  • 3 years ITR, computation of income, P&L, Balance sheet, +all Annexure & schedule, Dr. & Cr. List. (self & CA attested)
  • 3 years ITR, computation of income, P&L, Balance sheet of individual
  • The last 12 months’ bank statements of the individual
  • The last 12 months’ bank statement of the company, and all the EMI reflections if any loans going on
  • Sanction letter of all Loans & OD/CC (if any)
  • Sales & Purchase Summery – last 3 years (till date)
  • & Cr. List – last 3 years (till date)

Additional Documents

  • MOA & AOA copy / Partnership Deed
  • List of Directors/ Partners & Shareholders
  • Pan card copy of Company
  • Business Proof (Shop & Establishment Certificate, VAT, Sales Tax, Service Tax, IEC)
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