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What is a Vehicle Loan?

A Vehicle Loan from NTC Finance is a secured loan that enables you to purchase a new or used vehicle. By using the vehicle as collateral, you can avail a loan amount up to 80% of the vehicle’s on-road price. With competitive interest rates, flexible repayment tenures ranging from 1 to 24 months, and a quick approval process, NTC Finance’s Vehicle Loan makes owning your dream vehicle easier and more affordable. Experience hassle-free financing with NTC Finance’s Vehicle Loan, designed to put you in the driver’s seat.

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Eligibility Criteria for Our Vehicle Loan

Thinking about the required documents for availing a Vehicle Loan? Check the eligibility criteria based on your employment type and experience easy documentation. You should meet the below mentioned eligibility criteria before applying for a Loan.

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Nationality
Indian
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Age
18 - 65 years*
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Status of Employment
Active
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Credit Score Needed?
Yes

Documents required to Apply for our Vehicle Loan

Type Document
Age The applicant should be within a certain age bracket, usually between 21 and 60 years.
Identity Proof Valid identification documents such as Voter ID, Driving Licence, Aadhaar Card, or PAN Card are required.
Address Proof Documents like Aadhaar Card, Voter ID card, Rent Agreement, Utility Bills, or Passport can be used to verify the applicant's address.
Income Proof The applicant must provide proof of a stable income. This could be in the form of Salary Slips, Bank Statements, or Income Tax returns.
Credit Score A good credit score is often a crucial factor in determining the eligibility for a vehicle loan.

Let's Talk about Vehicle Loan

For additional information regarding vehicle loan, kindly visit our nearby branch or send us a message.

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Frequently Asked Questions

Most asked questions about our Vehicle Loan
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The loan amount depends on various factors such as the price of the vehicle, year, your income, and your credit score. NTC Finance offers vehicle loans up to 80% of the on-road price of the vehicle.

Certainly, a loan is available for pre-owned vehicles, but the interest rate for this type of loan varies compared to that of a new vehicle. It's important to note that the loan will solely cover the vehicle's purchase price, while additional expenses such as registration transfer costs will be your responsibility.

Yes, NTC Finance does provide loans for currently used vehicles. However, the terms and conditions can vary, so it’s always best to contact NTC Finance directly for the most accurate and up-to-date information.

At NTC Finance, you can apply for a vehicle loan if your vehicle model is from the year 2016 to the current year.