Whether it's a brand-new showroom model or a carefully chosen pre-owned car — a car loan spreads the cost into easy EMIs while you drive from day one. We compare 30+ lenders so you get the right rate, tenure, and documentation support.

★ How much funding to expect
1. New cars: typically 85–90% of on-road price or agreed vehicle value.
2. Used cars: lower LTV based on vehicle age, model, and lender policy — valuation may apply.
3. The vehicle stays hypothecated to the lender until the loan is fully repaid.

★ Tenure and EMI start
1. Repayment periods usually run from 1 to 7 years — pick what fits your monthly budget.
2. EMI begins after disbursement once RC hypothecation and insurance requirements are met.
3. Down payment, income profile, and CIBIL score all influence the final offer.

★ Who gets approved faster
1. Salaried applicants with stable employment and clean credit often see quicker decisions.
2. Self-employed applicants need stronger ITR and banking proof — we prepare the file accordingly.
3. Rates depend on employer/business stability, existing EMIs, vehicle brand, and segment.

★ What Prarvi handles for you
1. Quotation comparison, application filing, and agreement signing — dealer or direct buyer–seller cases.
2. Used-car valuation, disbursement to dealer/seller, and RC endorsement coordination.
3. Optional add-ons like insurance premium funding or extended warranty through select lenders — ask during your free consult.

★ KYC Documents
1. PAN card
2. Aadhaar card
3. Passport-size photographs (3 copies)

★ Income — Salaried
1. Salary slips — last 3–6 months
2. Form 16 or latest ITR (as required)
3. Bank statements — last 6–12 months
4. Company ID card

★ Income — Self-employed
1. IT returns with computation — last 2 years
2. GST / business registration (if applicable)
3. Current account statements — last 12 months

★ Vehicle & Purchase Documents
1. Proforma invoice / quotation (new car)
2. RC book, insurance & sale deed (used car)
3. Down payment proof
4. Driving licence copy

★ Address Proof
1. Latest electricity bill
2. Rent agreement (if rented)

★ For Salaried Individuals
1. Indian citizenship required; age typically 21–60 years (varies by lender).
2. Minimum 6 months in current job; overall experience of 1+ year preferred.
3. Minimum net monthly income as per lender (often ₹15,000–₹20,000+ depending on city and employer category).
4. Salary account with regular credits; clean CIBIL and manageable existing EMIs.
5. New cars: most brands accepted; used cars: age limit often 5–10 years from manufacture.
6. Co-applicant may be required for borderline profiles or higher loan amounts.

★ For Self-Employed Individuals
1. Business vintage of 2+ years with stable banking.
2. ITR and turnover proof as per lender norms; GST where applicable.
3. Loan amount linked to income, banking, and vehicle valuation.
4. Used-car funding subject to independent valuation and lender age policy.
5. No recent EMI bounces; credit history discussed upfront to avoid rejection.

✔ Submit Currently Running Loan Statement of account (If Any).
✔ Submit all Documents in Hardcopy Togather.
✔ Also Mail US all Softcopy on PDF File on contact@prarviconsultancy.com

1. Compare lenders: Interest rate, processing fee, and foreclosure charges differ—get multiple quotes before booking the car.
2. Check on-road cost: Confirm insurance, registration, and accessories in the invoice so the loan amount matches actual spend.
3. Used-car checks: Verify RC, insurance validity, hypothecation status, and accident history before valuation.
4. Down payment: A higher down payment can improve approval odds and reduce EMI burden.
5. Insurance: Comprehensive cover is usually mandatory; factor premium into your budget or lender-funded options.
6. Disbursement: Understand whether payment goes to the dealer directly and what documents are needed on delivery day.
7. RC hypothecation: Ensure lender name is endorsed on RC and removed after loan closure.
8. Stay in touch: Keep Prarvi updated until disbursement and RC completion—we coordinate with the bank on your behalf.