Money Finance
Bangalore 560022 moneyfinanceservice@gmail.com

Office Address

  • No 1503 40/41 MKK Road 11th C Cross 1st Floor Bangalore - 560022
  • moneyfinanceservice@gmail.com
  • +917022573176

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Our Features

New Car Loan

Loan of up to ₹ 47 Lakh

3 Unique
Variants

Tenure of up to 72 months

Minimal Documentation

Explore New Car Loan with Money Finance Service

Money Finance Services understands that obtaining a new loan is a significant financial decision, whether for personal investments, business expansions, or other financial needs. Our new loan products are tailored to provide the financial support you require without the stress of upfront costs. With competitive interest rates, flexible repayment terms, and a streamlined application process, Money Finance Services is dedicated to ensuring you have access to the funds you need quickly and economically. Our customized financing solutions aim to make your borrowing experience seamless and straightforward.
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Features Of New Car Loan

Quick Car Ownership

Own your dream new car without waiting to save up all the money.

Flexible Financing

We provide the funds needed to purchase the car, repayable in smaller, manageable installments.

Wide Range of Options

Choose from a diverse selection of new car models that match your preferences and requirements.

Credit Building and Warranty

Enjoy the benefits of building your credit score through consistent payments, while also benefiting from warranty coverage that provides peace of mind.

Eligibility Requirements for New Car Loans

  • Age Criteria :Applicants must be between 21 and 60 years old (salaried) or 25 and 65 years old (self-employed) at both the time of application and the end of the loan tenure.
  • Employment :Salaried individuals need at least two years of employment with a minimum of one year with their current employer, while self-employed individuals must have been in business for a minimum of three years.
  • Income :A minimum annual income of Rs. 2,50,000, including the income of the spouse or co-applicant, is required.
  • Credit Score :Applicants should have a good credit score, typically 650 or higher, and a manageable debt-to-income ratio.
  • Finance :Financial considerations may include a required down payment, with the loan amount based on income and repayment ability, and a loan tenure determined by the lender's terms.
  • Vehicle Age Restrictions :New cars are typically preferred, with some lenders imposing age restrictions on the vehicle being financed.

Documents required to apply for Car Loan

Valid Photo ID Proofs
Provide a PAN Card or any other government-issued photo identification as proof of identity.
Salary Slip (latest 3 months)
Provide your most recent three months' salary slips from your current employer, showing your monthly income.
Last 2 years' ITR (Income Tax Returns) as proof of income
Submit income tax returns filed for the past two financial years to demonstrate your earnings.
Salary Account Statement (latest 6 months)
Furnish bank statements from your salary account for the last six months, reflecting regular income deposits.
Signature Verification Proof
Present a document that verifies your signature, such as a passport copy or a bank declaration.
Performa Invoice of the Car
Include a proforma invoice from the car dealer detailing the specifications and cost of the vehicle you intend to purchase.
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