Overview of Car Loan in Old Faridabad

Car Loans in Old Faridabad, Faridabad, make owning your dream vehicle easier in 2025. Loanpao partners with top banks and NBFCs to offer Car Loans with interest rates starting at 8.5% p.a., loan amounts up to ₹75 lakh, and tenures up to 7 years for residents of Old Faridabad.

Experience quick approvals and disbursals within 3–5 days in Old Faridabad.

Eligibility Criteria for Car Loan in Old Faridabad

Qualify for a Car Loan in Old Faridabad with these criteria:

Criteria Details
Age 21–60 years
Income Minimum ₹25,000/month (salaried) or ₹3 lakh/year (self-employed)
Credit Score 650 or higher
Residency Resident of Old Faridabad
Employment 1+ year (salaried) or 2+ years (self-employed)

Check your eligibility instantly using Loanpao’s online tool for a seamless application.

Documents Required for Car Loan in Old Faridabad

Submit these documents to apply for a Car Loan:

  • Identity Proof: Aadhaar Card, PAN Card.
  • Address Proof: Utility bill, rental agreement for residence in Old Faridabad.
  • Income Proof: Salary slips (3 months for salaried), ITR (2 years for self-employed).
  • Bank Statement: Last 6 months’ bank statements.
  • Vehicle Documents: Car quotation, proforma invoice.
  • Photograph: Recent passport-size photo.

Loanpao offers doorstep document collection in Old Faridabad for your convenience.

Benefits of Car Loan in Old Faridabad

Explore the advantages of choosing Loanpao for Car Loans in Old Faridabad:

  • Competitive interest rates starting at 8.5% p.a. in 2025.
  • Loan amounts up to ₹75 lakh for new or used vehicles.
  • Flexible repayment tenures up to 7 years.
  • Fast approval and disbursal within 3–5 days.
  • Up to 100% financing on ex-showroom price.
  • Options for both salaried and self-employed individuals.

Drive away with Loanpao’s Car Loans tailored for Old Faridabad.

Factors Influencing Car Loan Approval in Old Faridabad

Credit Score

A score of 650+ ensures better eligibility and competitive rates.

Income Stability

Consistent income (₹25,000/month salaried or ₹3 lakh/year self-employed) improves approval chances.

Debt-to-Income Ratio

A ratio below 40% is preferred for approval.

Employment History

1+ year (salaried) or 2+ years (self-employed) in Old Faridabad enhances approval.

Verify your eligibility with Loanpao’s eligibility checker today.

How to Apply for a Car Loan in Old Faridabad

Follow these steps to apply for a Car Loan with Loanpao:

  1. Visit loanpao.in and select “Car Loan Old Faridabad.”
  2. Complete the online form with personal and financial details.
  3. Upload required documents (identity, income, vehicle documents).
  4. Schedule doorstep document pickup in Old Faridabad.
  5. Receive approval and funds within 3–5 days after verification.

Check Car Loan Eligibility in Old Faridabad

Assess your Car Loan eligibility instantly with Loanpao:

  • Enter personal and financial details in the online tool.
  • Provide proof of residency in Old Faridabad.
  • Submit income documents, credit score, and vehicle details for verification.

Loanpao ensures a smooth approval process in Old Faridabad. Start with our eligibility checker.

Check Eligibility Now

Track Your Car Loan Application in Old Faridabad

Monitor your Car Loan application status with Loanpao’s tracker:

  • Enter your application ID on the Loanpao Tracker page.
  • Receive real-time updates (e.g., under review, approved, disbursed).
  • Get notifications for verification steps in Old Faridabad.
  • Contact our support team for assistance.
Track Application Now

Compare Car Loans in Old Faridabad

Explore top Car Loan options in Old Faridabad for 2025:

Lender Interest Rate Loan Amount Tenure Processing Fee
HDFC Bank 8.5% p.a. Up to ₹75 lakh Up to 7 years Up to 1.5%
ICICI Bank 9% p.a. Up to ₹60 lakh Up to 6 years Up to 2%
Axis Bank 9.5% p.a. Up to ₹50 lakh Up to 5 years Up to 2%

Compare and apply with Loanpao to secure the best Car Loan in Old Faridabad.

Frequently Asked Questions About Car Loans in Old Faridabad

Individuals aged 21–60, with a minimum income of ₹25,000/month (salaried) or ₹3 lakh/year (self-employed), a credit score of 650+, and residency in Old Faridabad are eligible.

Interest rates start at 8.5% p.a., varying by lender and applicant profile.

Approval and disbursal typically take 3–5 days after document verification.

The car itself acts as collateral for the loan.

The maximum tenure is up to 7 years, depending on the lender and applicant profile.

Yes, Loanpao offers an online application process with doorstep document pickup in Old Faridabad.

Yes, Car Loans are available for both new and used vehicles in Old Faridabad.

Loan amounts can reach up to ₹75 lakh, depending on income and credit profile.

Missing an EMI may incur penalties and negatively impact your credit score.

Yes, Loanpao partners with RBI-regulated lenders for secure and reliable Car Loans.