Overview of Car Loan in Jewar
Car loans in Jewar, a growing hub near the Noida International Airport, help you finance new or used cars with ease. In 2025, secure loans up to ₹20 lakh with interest rates starting at 8.5% p.a. and tenures up to 7 years. Loanpao connects you with lenders like ICICI Bank, SBI, and HDFC Bank for approvals within 3–7 days.
Eligibility Criteria for Car Loan in Jewar
| Criteria | Details |
|---|---|
| Applicant Type | Salaried or self-employed |
| Age | 21–65 years |
| Income | Minimum ₹2.5 lakh p.a. (salaried); ₹3 lakh p.a. (self-employed) |
| Credit Score | 700+ preferred; lower scores may face higher rates |
| Employment | 1 year (salaried); 2 years (self-employed) |
| Collateral | Car serves as collateral |
Documents Required for Car Loan in Jewar
- Identity Proof: Aadhaar, PAN Card, or Driving License.
- Address Proof: Utility bill, Aadhaar, or rental agreement.
- Income Proof: Salary slips (3 months), ITR (2 years), or bank statements.
- Employment Proof: Offer letter or business registration.
- Car Documents: Proforma invoice, RC (for used cars).
- Photograph: Recent passport-size photograph.
Benefits of Car Loan in Jewar
- Low rates starting at 8.5% p.a. in 2025.
- Loans up to ₹20 lakh for new or used cars.
- Flexible tenures up to 7 years for affordable EMIs.
- Quick approvals within 3–7 days via Loanpao.
- Financing up to 90% of the car’s on-road price.
Factors Affecting Car Loan in Jewar
Interest Rate
Rates range from 8.5% to 12% p.a., based on credit score, income, and car type.
Loan-to-Value Ratio
Up to 90% financing for new cars; lower for used cars.
Credit History
Scores above 700 secure better rates; lower scores may increase costs.
Car Type
New cars get lower rates; used cars may have higher rates.
How to Apply for a Car Loan in Jewar
Follow these steps to apply for a car loan in Jewar through Loanpao:
- Visit loanpao.in and select "Car Loan in Jewar."
- Fill out the application with personal and financial details.
- Upload documents (Aadhaar, PAN, income proof, car invoice).
- Choose a lender (e.g., ICICI Bank, SBI) and car type.
- Receive approval and funds within 3–7 days after verification.
Loan Eligibility for Car Loan in Jewar
Check your eligibility for a car loan in Jewar with Loanpao’s tool:
- Enter personal and income details (age, income, Jewar address).
- Provide employment details (salaried/self-employed, experience).
- Specify car details (new/used, price).
- Get instant eligibility results based on lender criteria.
Loanpao matches you with the best car loan offers in Jewar.
Check Eligibility NowTrack Your Car Loan Application in Jewar
Loanpao offers a seamless tracker for your car loan application:
- Enter your application ID on the Loanpao Tracker page.
- Receive real-time updates on status (e.g., document verification, approved, disbursed).
- Get notifications for fund disbursal in Jewar.
- Contact Loanpao support for assistance with delays in Jewar.
Car Loan Comparison in Jewar
Compare car loan offers from top lenders in Jewar:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| ICICI Bank | 8.5% p.a. | Up to ₹20 lakh | Up to 7 years | Up to 1% of loan amount |
| SBI | 8.8% p.a. | Up to ₹15 lakh | Up to 7 years | 0.5% of loan amount |
| HDFC Bank | 9% p.a. | Up to ₹18 lakh | Up to 6 years | Up to 1.5% of loan amount |
Frequently Asked Questions
Yes, loans are available for used cars, though rates may be higher and LTV lower than for new cars.
Approvals typically take 3–7 days, depending on document verification and credit assessment.
Up to ₹20 lakh, based on income, credit score, and car value.
The car itself serves as collateral for the loan.
Yes, most lenders allow prepayment with minimal or no charges, subject to their policies.
Default may lead to repossession of the car or legal action, per RBI guidelines.