Hyundai Elite i20 Car Loan
What is Car Loan?
A car loan is a financial help offered by banks and NBFC’s to fulfil your dream of having your own car. The banks provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. The Loan amount is offered on Interest charges which vary from bank to bank. You can pay for the vehicle in easy instalments.
Avail the Best Hyundai Elite i20 Car Loan on Lowest Interest Rates and Affordable EMIs. Get Instant Approval and Doorstep Services. Ride your Dream Hyundai Elite i20 and cherish your life with your loved ones.
Hyundai Elite i20 Features
- Central Locking
- Steering Mounted Control
- Rear Wiper
- Anti-Lock Breaking System (ABS)
- Airbag
- Alloy Wheel
- 12V Charging
Car Loan Features
- Loan tenure up to 7 years
- Pre-Qualified Car Loans for existing customers
- Attractive rate of interest
- Easy documentation
Hyundai Elite i20 Car Loan Documents
DOCUMENTS REQUIRED
Documents you will need to submit for Salaried Individuals
- Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated, Recent, Legible)
- Income Proof: Latest salary slip with form 16.
- Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
- Bank Statement:Last 6 months
Documents you will need to submit for Self Employed
- Proof of Identity: Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
- Income Proof: Latest ITR
- Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
- Bank Statement:Last 6 month
Hyundai Elite i20 Car Loan Eligibility
ELIGIBILITY CRITERIA
Loan Amount
The minimum loan amount for taking a car loan is Rs. 1,00,000. The maximum loan amount will depend upon the price of the car, model variant, profile of the customer, etc.
New Car
- Loan up to 100% of ex-showroom price of the car.
Pre-owned Car
- Loan up to 80% of the valuation of car with maximum tenure of 60 months* (can go further depending on profile)
- Hassle-free processing
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Particulars
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Salarield Individual
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Self-Employed Individual
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Partnership Firm
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Private / Public Ltd Co
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Age Criteria* |
The applicant should be above 25 years old at the time of application, and upto 58 years of age at the time of maturity of the loan. |
Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity. |
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Limited companies should have been in existence for at least 3 years./p> |
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Income Criteria* |
Gross annual income of at least Rs. 2.50 lakh |
Gross annual income of at least Rs. 2.00 lakh |
Firm should have a minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L. |
Minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L. |
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Stability |
The total employment stability should be more than 2 years and current employment stability of minimum 1 year. |
Current business stability should be 2 years or total more than 3 years. |
Current business stability should be 2 years or total more than 3 years. |