Features of Loanwala Solutions Car Loan
Competitive Interest Rates
Competitive interest rates starting from 7.70%* p.a. make financing more accessible and affordable for a pre-owned car.
Flexible Repayments
With our flexible payments option, you can choose the payment tenure that works for you.
Up to 85% financing on Used Car’s Value
We offer to finance the total value of your used car purchase, so you can get the car you want without worrying about a down payment.
Easy to Apply
Our streamlined application process is designed with convenience in mind. Fill out our online form and get the loan you need to purchase your second-hand car.
Minimal Documentation
Our simplified process requires minimal documentation -With our quick and easy application process, you can have your second-hand car loan approved without any hassles.
Quick Approvals & Disbursals
With our fast approvals and disbursals, you can access the funds quickly and conveniently.
Regular Reminders
Keep your Pre-Owned Car loan payments on track with Regular Reminders. With this convenient feature, you'll never miss another payment. Regular reminders will help you stay on track and avoid late fees.
Used Car Loan Calculator
With our convenient Used Car Loan EMI calculator tool, you can quickly calculate your monthly payments.
Car Loan Eligibility
Loan Wala Car Loan eligibility criteria for diverse applicants.
- Salaried individuals must be aged between 20 and 65 years with a minimum monthly income of Rs 30,000.
- Self-Employed individuals must be aged between 21 and 70 years. An existing relationship with Loan Wala Bank is advantageous.
Avail your Home Loan in just 5 steps
- 01. Enter your basic details
- 02. Check your eligibility
- 03. Pay the processing fee
- 04. Upload Documents
- 05. Get Provisional Sanction
Car finance documents for Salaried Individuals
| Document | Requirement |
|---|---|
| Identity Proof |
Aadhaar card PAN card Driving Licence Passport Voter ID |
| Address Proof |
Aadhaar card Passport Driving Licence Voter ID Family card (ration card) Utility bill (Electricity, water, or telephone) Life insurance policy The applicant's name must be present on the ration card or utility bill. |
| Age Proof |
Birth certificate School transfer certificate Std. 10th mark sheet Aadhaar card |
| Proof Of Income for Car Loan | Salary slips (for last 3 months) Form 16 Income tax return document |
| Bank Statement Signature Verification | 3 to 6 months bank statement Banks verify this in separate forms which applicants filled out along with their signature |
| Vehicle Loan Agreement | This document reflects the dealer quoted price for the car selected by the applicant. The loan amount is dependent on the price of the car. |
Car finance documents Self Employed Professionals
| Document | Requirement |
|---|---|
| Identity Proof |
Aadhar card PAN card Passport Voter ID Driving licence |
| Address Proof |
Aadhar card Passport Voter ID Driving licence Ration card Utility bill (telephone, electricity, or water) Life insurance policy |
| Age Proof |
Birth certificate School transfer certificate Marksheet Aadhaar card |
| Bank Statement | 3-6 months bank statement |
| Business Ownership Proof |
To prove that the business is operative, the following documents must be provided: Office address proof Maintenance bill Utility bill In addition, a copy of the business registration license must be provided. |
| Proof Of Income for Car Loan |
Income tax returns for last 2years Audited balance sheet Profit-loss statement |
| Signature Verification Proof | Banks verify this in separate forms which applicants fill out along with their signature |
| Vehicle Loan Agreement | The Vehicle Loan Agreement reflects the price of the car filed along with the other required documents asking for the maximum loan amount. Most banks offer up to 90% of the price of the car as loan |
Our Satisfied Clients
Testimonial
Excellent service! The team was professional and guided me throughout. I received the funds quickly without any hassles. Thank you, Loanwala Solutions!
Ravi Hooda
Loanwala Solutions offered flexible repayment options and a smooth process. The team was knowledgeable and very helpful. I highly recommend their services!
Shashi Ahlawat
Quick funding with minimal paperwork! Loanwala Solutions provided me with the perfect solution for my business needs. Fantastic experience!
Sunil Lohia
The best loan provider I’ve worked with! Loanwala Solutions offers reliable service, clear communication, and fast disbursement. Truly a great experience.
Himanshu Satish Sharma
I was impressed by the transparency and customer service at Loanwala Solutions. They truly care about their clients. I’m very satisfied with their support.
Rishi Prakash Sharma
Loanwala Solutions made the loan process so easy and stress-free. Their quick approval and flexible EMIs were exactly what I needed. Highly recommended!
Krishan Gaur
I needed a business loan, but due to some document issues, most lenders rejected my application. Loanwala stepped in and made it happen! Their team was professional, supportive, and ensured a smooth process. Highly recommended for hassle-free loan solutions!"
Ayush Aggarwal
I was struggling to get a personal loan due to my low CIBIL score, but Loanwala made it possible! The process was smooth, quick, and hassle-free. Highly recommend their services!"
