About Vehicle Loans in Greater Faridabad
Loanpao offers tailored vehicle loans in Greater Faridabad to help you purchase your dream vehicle. Whether it's a two-wheeler or a four-wheeler, we provide competitive interest rates and flexible repayment options.
Eligibility Criteria
| Criteria | Details |
|---|---|
| Age | 21-65 years |
| Income | Minimum ₹20,000/month |
| Credit Score | 650 or above |
| Residency | Resident of Greater Faridabad |
Features and Benefits
- Loan amounts up to ₹50 lakh
- Flexible tenure of 1-7 years
- Low interest rates starting at 8.5% p.a.
- Quick approval within 24 hours
Documents Required
- Identity Proof (Aadhaar, PAN Card)
- Address Proof (Utility Bill, Ration Card)
- Income Proof (Salary Slips, Bank Statements)
- Vehicle Quotation or Proforma Invoice
Interest Rates and Charges
| Parameter | Details |
|---|---|
| Interest Rate | 8.5% - 12% p.a. |
| Processing Fee | 1% - 2% of loan amount |
| Prepayment Charges | 2% - 4% (if applicable) |
How to Apply
- Visit https://www.loanpao.in and navigate to the vehicle loan section.
- Click on 'Apply Now' and fill in your basic details.
- Upload required documents (ID proof, income proof, etc.).
- Submit your application and wait for approval.
- Upon approval, complete the loan agreement and receive funds.
Frequently Asked Questions (FAQs)
The minimum loan amount is ₹1 lakh.
Approval typically takes 24 hours.