Car Loan Eligibility – Rohini Financial Services
Before applying for a Car Loan, it’s important to understand the basic eligibility criteria.
At Rohini Financial Services, we make it simple and flexible so that both salaried and self-employed individuals can easily qualify for a Car Loan and drive home their dream vehicle.
🚗 Who Can Apply for a Car Loan?
Our Car Loans are available for:
Salaried individuals working in private or government sectors
Self-employed professionals such as doctors, consultants, and freelancers
Business owners or entrepreneurs with a stable source of income
Partnership firms, LLPs, and private limited companies
📋 Car Loan Eligibility Criteria
| Criteria | Salaried Individuals | Self-Employed / Business Owners |
|---|---|---|
| Age Limit | 21 – 60 years | 25 – 65 years |
| Minimum Income | ₹20,000 per month | ₹2,50,000 per annum |
| Employment Stability | Minimum 1 year of employment | Minimum 2 years in business |
| Credit Score | 700 and above preferred | 700 and above preferred |
| Loan Amount | Up to 90% of car’s on-road price | Up to 85% of car’s value |
| Nationality | Indian Resident | Indian Resident |
💡 Additional Factors That Affect Eligibility
Credit History – A strong CIBIL score improves your loan approval chances.
Existing Liabilities – Lower debt-to-income ratio means higher eligibility.
Car Type – New cars have higher funding value compared to used cars.
Employment Stability – Consistent income ensures better loan terms.
Down Payment – A higher down payment can increase loan approval chances.
📄 Documents Required for Eligibility Verification
Aadhaar Card / PAN Card / Address Proof
Salary Slips or ITR (last 2 years)
Bank Statements (last 6 months)
Car quotation or proforma invoice
🚘 Check Your Eligibility Instantly
Use our Car Loan Eligibility Checker or Car Loan Calculator to find out how much loan amount you qualify for in just a few clicks.
✅ Apply for a Car Loan Today
Once you meet the eligibility requirements, applying is quick and easy!
Enjoy fast approvals, low interest rates, and flexible EMIs with Rohini Financial Services.
📞 Call Now or 💻 Apply Online to start your car ownership journey today!