Mahindra E2O Car Loan
Why Mahindra E2O Car Loan?
Ride the Eye-catching and Dynamic Mahindra E2O and live a luxurious life. Explore the curves and corners of each road with the Mahindra E2O. Mahindra E2O is made to conquer every road.
Avail the Best Mahindra E2O Car Loan on Lowest Interest Rates and get Doorstep and Personalized Services. No need to visit the banks. MagicLoans will knock at your door and will present you the keys of your dream E2O.
Features
- An Unbiased Experts Advice
- Instant Approval within 24 hours
- Fast, Reliable and Personalized Service
- Comparison across all the banks on a single platform
- Doorstep Services
Benefits
- Loan up to 100% of ex-showroom price
- Loan tenure up to 7 years
- Pre-Qualified Car Loans for existing customers
- Attractive Rate of Interest
- Easy documentation
- Attractive deals from associated car dealers
- Flexible repayment options
Mahindra E2O 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
Mahindra E2O 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 the 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. |