Overview of Car Loan in Dharuhera

Car loans in Dharuhera, a burgeoning industrial and residential hub in Haryana’s Rewari district, provide financing for new or used cars, catering to salaried and self-employed individuals. In 2025, these loans offer interest rates starting at 7% p.a., with loan amounts up to ₹50 lakh, depending on income, credit score, and vehicle type. Lenders like SBI, Axis Bank, and Mahindra Finance provide tenures from 1 to 7 years. Loanpao streamlines the process for Dharuhera residents with instant eligibility checks, lender comparisons, and online applications.

Eligibility Criteria for Car Loan in Dharuhera

Criteria Details
Applicant Type Salaried or self-employed individuals
Income Minimum monthly income of ₹20,000 (salaried) or ₹2.5 lakh p.a. (self-employed)
Age 21–65 years
Employment Minimum 1 year of employment (salaried) or 2 years of business (self-employed)
Credit Score 700 or above preferred

Documents Required for Car Loan in Dharuhera

  • Identity Proof: Aadhaar Card, PAN Card, or Voter ID.
  • Address Proof: Utility bill, Aadhaar, or rental agreement (Dharuhera address).
  • Income Proof: Salary slips (last 3 months), ITR (last 2 years).
  • Bank Statements: Last 6 months of personal account.
  • Photograph: Recent passport-sized photo.
  • Vehicle Documents: Proforma invoice or quotation from the car dealer.

Benefits of Car Loan in Dharuhera

  • Loan amounts up to ₹50 lakh for new or used cars.
  • Competitive interest rates starting at 7% p.a. in 2025.
  • Flexible repayment tenures from 1 to 7 years.
  • Financing up to 90% of the car’s on-road price.
  • Fast disbursal within 2–5 days in Dharuhera.

Factors Affecting Car Loan in Dharuhera

Interest Rate

Rates range from 7% to 12% p.a., based on credit score, income, and vehicle category (new/used).

Credit Score

A score above 700 improves approval chances and secures lower rates.

Income Stability

Higher and stable income supports larger loan amounts.

Loan-to-Value (LTV) Ratio

Higher down payments (e.g., 20%) lead to better loan terms.

How to Apply for a Car Loan in Dharuhera

Follow these steps to apply for a car loan in Dharuhera through Loanpao:

  1. Visit loanpao.in and select "Car Loan in Dharuhera."
  2. Complete the online application form with personal and income details (name, Dharuhera address, salary).
  3. Upload required documents (ID proof, income proof, bank statements, car quotation).
  4. Compare offers from top Dharuhera lenders like SBI, Axis Bank, and Mahindra Finance.
  5. Receive funds within 2–5 days after approval.

Loan Eligibility for Car Loan in Dharuhera

Check your eligibility for a car loan in Dharuhera using Loanpao’s tool:

  • Enter personal details (age, Dharuhera address).
  • Provide income details (salary slips or ITR).
  • Submit employment details (appointment letter or business proof).
  • Include credit score (700+ preferred) and vehicle details (car quotation).

Loanpao will evaluate your eligibility and recommend the best car loan offers in Dharuhera.

Check Eligibility Now

Track Your Car Loan Application in Dharuhera

Loanpao offers a user-friendly tracker for your car loan application:

  • Enter your application ID on the Loanpao Tracker page.
  • View real-time updates on status (e.g., under review, approved, disbursed).
  • Receive notifications for disbursal updates in Dharuhera.
  • Contact Loanpao support for assistance with delays in Dharuhera.
Track Application Now

Car Loan Comparison in Dharuhera

Compare car loan offers from top lenders in Dharuhera for 2025:

Lender Interest Rate Loan Amount Tenure Processing Fee
SBI 7% p.a. Up to ₹50 lakh 1–7 years 0.5%–1% of loan amount
Axis Bank 7.5% p.a. Up to ₹40 lakh 1–7 years 0.5%–1.5% of loan amount
Mahindra Finance 8% p.a. Up to ₹30 lakh 1–5 years 1%–2% of loan amount

Frequently Asked Questions

Yes, car loans are available for both new and used cars, with slightly higher rates for used vehicles.

Loans are typically disbursed within 2–5 days after approval in Dharuhera.

Up to ₹50 lakh, based on income, credit score, and vehicle type.

Yes, a down payment of 10%–20% of the car’s on-road price is typically required.

Yes, self-employed individuals with a minimum annual income of ₹2.5 lakh can apply.