Overview of Car Loan in Greater Noida
Car loans in Greater Noida for 2025 make owning a new or used car easier with flexible financing options. Loanpao connects you with top lenders like ICICI Bank, SBI, and Mahindra Finance, offering loans up to ₹50 lakh at interest rates starting at 7% p.a. with tenures up to 7 years.
Eligibility Criteria for Car Loan in Greater Noida
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Occupation | Salaried or self-employed |
| Minimum Income | ₹20,000/month (salaried) or ₹2.5 lakh/year (self-employed) |
| Credit Score | Minimum 650; higher scores improve terms |
| Residence | Permanent resident of Greater Noida |
Documents Required for Car Loan in Greater Noida
- Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Greater Noida address).
- Income Proof: Salary slips (last 3 months) or ITR (last 2 years).
- Bank Statements: Last 6 months’ bank statements.
- Car Documents: Proforma invoice, RC (for used cars).
- Photograph: Recent passport-size photograph.
Benefits of Car Loan in Greater Noida
- Loan amounts up to ₹50 lakh for new or used cars.
- Competitive interest rates starting at 7% p.a. in 2025.
- Flexible repayment tenures up to 7 years.
- Financing up to 90% of the car’s on-road price.
- Quick disbursal within 3–5 days post-approval.
Factors Affecting Car Loan in Greater Noida
Interest Rate
Rates range from 7% to 12% p.a., based on credit score, income, and car type.
Loan Amount
Up to ₹50 lakh, depending on income and car value.
Credit Score
A score above 650 ensures better rates; lower scores may increase costs.
Car Type
New cars often get lower rates; used cars may have higher rates.
How to Apply for a Car Loan in Greater Noida
Follow these steps to apply for a car loan in Greater Noida through Loanpao:
- Visit loanpao.in and select "Car Loan in Greater Noida."
- Fill out the online application form with details (name, Greater Noida address, income).
- Upload required documents (Aadhaar, salary slips, car invoice).
- Compare offers from top Greater Noida lenders like ICICI Bank, SBI, and Mahindra Finance.
- Get approval and funds disbursed within 3–5 days in Greater Noida.
Loan Eligibility for Car Loan in Greater Noida
Check your eligibility for a car loan in Greater Noida with Loanpao’s tool:
- Enter your monthly income (minimum ₹20,000 for salaried).
- Provide your credit score (preferably above 650).
- Specify employment type and Greater Noida address.
- Include car details (new/used, model) for personalized offers.
Loanpao will assess your eligibility and suggest the best car loan offers in Greater Noida.
Check Eligibility NowTrack Your Car Loan Application in Greater Noida
Loanpao provides a seamless tracker for your car loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Greater Noida.
- Contact Loanpao support for assistance with delays in Greater Noida.
Car Loan Comparison in Greater Noida
Compare car loan offers from top lenders in Greater Noida:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| ICICI Bank | 7.00% p.a. | Up to ₹50 lakh | Up to 7 years | 1% of loan amount |
| SBI | 7.50% p.a. | Up to ₹40 lakh | Up to 6 years | 1.25% of loan amount |
| Mahindra Finance | 8.00% p.a. | Up to ₹30 lakh | Up to 5 years | 1.5% of loan amount |
Frequently Asked Questions
Minimum monthly income is ₹20,000 for salaried or ₹2.5 lakh annually for self-employed in Greater Noida.
Car loans in Greater Noida are disbursed within 3–5 days after approval.
Yes, the car itself is hypothecated as collateral for the loan.
Yes, loans for used cars are available, though interest rates may be slightly higher.
Missing an EMI may incur late fees, impact your credit score, or lead to repossession of the car by the lender.