Instant Personal Car Loan by CI Capital
Secure your dream Car with CI Capital's Four-Wheeler Loan, offering financing up to Rs 1 lakh* at competitive interest rates starting 9.10%* per annum (subject to eligibility criteria). Benefit from a hassle-free online application process, minimal documentation, and quick approval. ICICI Bank provides flexible tenure options, ensuring convenient repayments, tailored to your financial needs. Apply for a Car Loan and drive home your dream Car with confidence.
Disclaimer: Personal Car Loans are at the sole discretion of CI Capital. Terms and conditions apply.
Loan amount offered
₹ 1 Lakh onward
Maximum Tenure
Upto 7 years
Interest rate starting @
5% p.a
Personal Car loan: Benefits & Features
Quick
Processing
At CI Capital, we ensure that you won’t have to wait for long to buy your dream car.
Flexible
tenure
With CI Capital’s car loan, you have the flexibility to choose a repayment tenure of up to 84 months.
Flexi EMI
Options
At CI Capital, you have the option to customize your car loan EMIs according to your convenience.
Competitive Interest Rates
With Tata Capital, you can get the required financing to pay for your dream car at highly competitive interest rates.
Personal Car Loan Eligibility
- Salaried Individuals
- The applicant must be aged between 21 and 60 years.
- The applicant must have a minimum salary of Rs. 3,00,000 pa
- The applicant must have a minimum work experience of one year.
- The applicant must be aged between 21 and 65 years.
- The applicant must be the proprietor of the business.
- The applicant’s business must be at least one year old.
Documents required for Personal Car Loan
- Last 3 Months Bank Statements
- 3 latest Salary Slips with the latest Form 16
- KYC documents: (any one from the list mentioned below)
- Passport
- Driving license
- PAN Card
- Aadhaar Card with date of birth
- Voters Id
Personal car loan: Basic Eligibility Criteria
Personal car loan FAQs
Car Loans are extended for the purchase of a passenger four-wheeler, new car or a pre-owned car. Car Loans can also be used as a Cash Loan through products like Refinance, Top-up on an existing Car Loan or to carry out a Balance Transfer.
There are two types of application processes when applying for a Car Loan – a Digital process and a Manual process.
Manual Process
- Walk in.
- Have a discussion with our team.
- The team will share Schemes and Internal Rate of Return details.
- Submit the required documents.
- The team will follow the internal approval process.
- Post-approval, the Loan will be disbursed.
Digital Process
- Visit the CI Capital website, navigate to the Car Loan application page, and click on ‘Apply Now’.
- Choose Existing or New Customer.
- Select the Loan Type and provide details such as name, mobile number, work information, etc.
- Once this is done, you will get an overview of your Loan eligibility.
- Complete the Car Loan Application Form.
- Upload digital copies of the required documents.
- The application and the documents will be verified electronically.
- Receive an approval notification from CI Capital.
- The Loan amount will be disbursed directly to the seller.
Yes, Pre-approved customers can avail 100% of the on-road price. However, the on-road price should be equal to or less than the offer amount. For Non-Pre-approved customers, 100% on-road funding on Vehicle Loans is possible based on parameters like income, stability, FOIR, CIBIL and internal checks.
As no upper limit is prescribed for Loans to buy a new Car, it depends on the cost of the vehicle. E.g., if the on-road price of a Car is Rs 20 lakh, a customer can avail Rs 20 lakh on a case-to-case basis.
The Tenure ranges from 12 to 84 months to secure a New Car Loan.
Credit score is one of the key factors to get a Car Loan approved. However, it would also depend on other parameters and on the reason why the applicant has a low credit score.
The down payment would vary from car to car. However, before the disbursal of a Car Loan a margin money receipt is required from the car dealer.
This would be determined on a case-to-case basis. Generally, Co-applicants are preferred in Vehicle Loan cases and a Guarantor will be considered if required.
CI Capital offers a diverse range of financing solutions to meet various needs. These include Personal Loans tailored to individual requirements, Business Loans to support entrepreneurial ventures.
Apply for Personal Car Loan at Your Convenience
Personal Car Loan
CI Capital offers loans on all kinds of cars (used and new) including hatchbacks, premium hatchbacks, sedans, MUVs, and SUVs of varied vehicle brands.
Commercial Vehicle Loan
We offer the Commercial Vehicle Loan to customers with various profiles. With quick processing, flexibility and competitive rates.
Business Loan
SME loans are normally used by small and medium enterprises, who are keen on expanding their existing business or need to invest.
Secured Loan
Secured loans require collateral, often used for large purchases or when credit scores are insufficient for unsecured loans.
