Overview of Car Loan in Sector 64, Faridabad

Loanpao offers Car Loans in Sector 64, Faridabad for 2025, ideal for purchasing new or used cars. With rates from 10.5% p.a., loans up to ₹7 lakh, and tenures up to 7 years, drive your dream car with ease.

Eligibility for Car Loan in Sector 64, Faridabad

Criteria Details
Applicant Type Salaried or self-employed in Sector 64
Age 21-60 years
Income Minimum ₹20,000/month (salaried) or ₹4 lakh/year (self-employed)
Credit Score 700 or above preferred
Employment Tenure Minimum 1 year (salaried) or 2 years (self-employed)

Documents Required for Car Loan in Sector 64, Faridabad

  • Identity Proof: Aadhaar, PAN card, or passport.
  • Address Proof: Utility bill or Rental Agreement for Sector 64 address.
  • Income Proof: 6 months’ salary slips or 2 years’ ITR for self-employed.
  • Bank Statements: 6 months’ statements (personal or business).
  • Car Documents: Proforma invoice or quotation from the dealer.
  • Photographs: 2 passport-sized photos.

Benefits of Car Loan in Sector 64, Faridabad

  • Competitive rates starting at 10.5% p.a. for affordable EMIs.
  • Loans up to ₹7 lakh for new or used cars in Sector 64.
  • Flexible tenures up to 7 years to suit your financial plan.
  • Funds for purchasing new or used cars in 2025.
  • Fast approval within 2-4 days in Faridabad.
  • Online application with e-KYC for seamless experience.
  • Loanpao’s expert support for car loans in Sector 64.

Factors Affecting Car Loan Approval in Sector 64

Credit Score

A score above 700 ensures better approval chances and lower rates.

Income Stability

Consistent income of ₹20,000/month (salaried) or ₹4 lakh/year (self-employed) strengthens applications.

Employment Tenure

At least 1 year (salaried) or 2 years (self-employed) improves approval prospects.

Debt-to-Income Ratio

Lower existing debts enhance eligibility for higher loan amounts.

How to Apply for Car Loan in Sector 64, Faridabad

Secure a Car Loan in Sector 64, Faridabad with these steps:

  1. Visit loanpao.in and select "Car Loan Sector 64, Faridabad."
  2. Fill out the online application form.
  3. Upload identity, address, income proof, bank statements, car documents, and photos.
  4. Complete e-KYC verification for Sector 64 applicants.
  5. Get approval within 2-4 days and drive your car!

Check Car Loan Eligibility in Sector 64, Faridabad

Verify your eligibility for Car Loans with Loanpao:

  • Confirm minimum income of ₹20,000/month or ₹4 lakh/year.
  • Ensure credit score of 700+ and low existing debts.
  • Verify employment tenure of at least 1 year (salaried) or 2 years (self-employed).
  • Provide income and car-related documents for quick evaluation.

Loanpao instantly evaluates your eligibility for Car Loans in Faridabad.

Check Eligibility Now

Track Your Car Loan Application in Sector 64, Faridabad

Monitor your loan application with Loanpao’s tracker:

  • Enter your application ID on the Loanpao Tracker page.
  • View real-time status (e.g., under review, approved, disbursed).
  • Receive updates on e-KYC, document, and car verification in Sector 64.
  • Contact Loanpao for support with delays in Faridabad.
Track Application Now

Compare Car Loans in Sector 64, Faridabad

Explore top Car Loan options in Sector 64, Faridabad for 2025:

Provider Interest Rate Loan Amount Tenure Processing Fee
Loanpao Car Loan 10.5% p.a. Up to ₹7 lakh Up to 7 years 1% of loan amount
Bank A 11% p.a. Up to ₹6 lakh Up to 5 years 1.5% of loan amount
Bank B 11.5% p.a. Up to ₹5 lakh Up to 4 years 2% of loan amount

FAQs on Car Loans in Sector 64, Faridabad

Salaried or self-employed in Sector 64, aged 21-60, with minimum income of ₹20,000/month or ₹4 lakh/year.

Rates start at 10.5% p.a., depending on credit score, income, and employment profile.

Approvals take 2-4 days, depending on document and car verification.

Loanpao offers up to ₹7 lakh for Car Loans in Sector 64, Faridabad.

Identity proof, address proof, 6 months’ salary slips or 2 years’ ITR, 6 months’ bank statements, car invoice, and 2 photographs.

Yes, Loanpao offers online applications with e-KYC for Sector 64 applicants.

Missing an EMI may incur penalties and affect your credit score, impacting future loans.

Yes, Loanpao offers Car Loans for both new and used cars in Sector 64.

Tenures can extend up to 7 years, depending on the loan amount and applicant profile.

Loanpao offers zero or low prepayment charges, depending on the loan terms.