K&S Loan Mentors
K&S Loan Mentors is connected with all the BANKS and NBFC’s
K&S Loan Mentors is connected with all the BANKS and NBFC’s
Lowest Interest Rates – Calculate EMI – Check Eligibility – Instant e-Approval – Special Offers
Everyone wishes to have a car but not all can afford to buy one without any financial help. Auto loans are applied to buy a new vehicle whether a two-wheeler or a four-wheeler. They can be availed for both private and commercial vehicles. In these types of loans, the vehicle you are buying itself serves as collateral and will be transferred after complete repayment of the sanctioned loan amount along with the interest charged. This loan is also available for the purchase of used cars.
An auto loan is among the most bought loans across the globe. This type of loan is given for the
purchase of a new or second-hand vehicle, i.e., a four-wheeler or a two-wheeler. Both commercial
and private vehicles can be bought by taking an auto loan. While applying for the loan, you need to
specify the type of vehicle you are buying, and it will serve as collateral until the last EMI of the loan
is cleared. It is available at affordable interest rates and the process is lightning-fast.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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If want to apply for a Auto Loan, you must meet the following criteria.
| Age | Salaried Person – 21 years to 70 years Self-Employed Person – 25 years to 70 years |
| Income | Salaried Person – Minimum Rs. 20,000 per month Self-Employed Person – Minimum Profit Rs.10,00,000 per year |
| Employment | Salaried Person – Minimum 2 years of Experience in MNC, or a Private or Public Limited Company Self-Employed Person – Minimum 3 years of Experience in the Running Business |
Let us answer some basic auto loan questions.
In most cases, up to 90% of the vehicle’s value is sanctioned by financial institutions for an auto loan.
A maximum of 10 years is given to repay an auto loan depending on the amount sanctioned and internal bank policies.
No, the car/bike you will buy will serve as collateral in case of an auto loan.