Car Loan

A car loan helps you finance the purchase of a new or used vehicle by providing the required funds upfront. It is typically a secured loan where the car itself acts as collateral. Car loans come with flexible tenures and competitive interest rates to make owning your dream car easier.

Step-by-Step Process to Apply:

1. Determine the loan amount based on the car’s price and your down payment capacity.
2. Check your eligibility based on age, income, and credit score.
3. Gather documents such as ID proof, address proof, income proof, and vehicle quotes or sales agreement.
4. Complete the loan application form online or at the branch.
5. Submit documents for verification and vehicle evaluation (if used car).
6. Loan sanction and agreement signing.
7. Disbursal of the loan amount, often directly to the car dealer.
8. Repay the loan in easy EMIs over the selected tenure.

Business Loan

Business loans provide funds to support business needs such as expansion, working capital, machinery purchase, or operational expenses. These loans may be secured or unsecured with flexible terms.

Step-by-Step Process to Apply:

1. Assess your business needs and determine the loan amount required.
2. Verify eligibility based on business vintage, turnover, and creditworthiness.
3. Prepare documents including business registration, financial statements, bank statements, and income tax returns.
4. Apply online or visit the lending institution.
5. Lender reviews the application, conducts a credit and background check.
6. Loan approval and agreement signing.
7. Disbursal of funds to your business account.
8. Repay as per agreed EMIs or alternative repayment structure.