Car Loan in Mumbai
Mumbai, the city of dreams, runs on speed, and owning a car makes life simpler. With Finnable’s car loan in Mumbai, you can drive your dream vehicle without paying the full amount upfront. Enjoy easy EMIs, quick approval, and a 100% digital process tailored for Mumbai’s fast-paced lifestyle.
Paperless
15 minute disbursal
No collateral
EMI Amount
Total Interest Payable
Total Amount Payable
Features & Benefits of a Car Loan in Mumbai
Low EMI’s
Enjoy lower EMIs with interest charged on the reducing balance method. As opposed to a Flat rate of interest, reducing balance ensures the EMI amount remains low.
Quick Disbursal
Enjoy the convenience of fast processing and quick approval, with funds directly credited to your bank account.
Flexible Loan Amount and Tenure
Choose a loan amount and repayment tenure that best fit your needs and financial capabilities.
Personal Loan Assistant
Please write to your loan assistant at makeiteasy@finnable.com for any support. We aim to provide you with a seamless and hassle-free experience.
Why Choose a Car Loan in Mumbai?
Availing a car loan is a smart choice for several reasons:
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Affordability: Pay in EMIs instead of a lump sum.
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Flexibility: Choose a loan tenure that suits your budget.
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Wide Availability: Multiple banks and NBFCs offer car loans with competitive interest rates.
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Credit Score Improvement: Timely EMI payments help boost your credit score.
If you’re planning to buy a car in Mumbai, understanding loan terms, eligibility, and repayment structures is crucial.
Eligibility Criteria to buy Car Loan in Mumbai
Before applying for a car loan, check if you meet the eligibility criteria. Different banks have different requirements, but here’s a general guideline:
|
Criteria |
Salaried Individuals |
Self-Employed Individuals |
|
Age |
21-55 years |
21-55 years |
|
Minimum Income |
₹15,000 per month |
₹2,50,000 per annum |
|
Employment Stability |
Minimum 1 year |
Minimum 2 years in business |
|
Credit Score |
700+ |
700+ |
A higher credit score increases your chances of getting a lower interest rate.
How to Buy a Car Loan in Mumbai with Finnable?
Customers looking to buy Car Loan in Mumbai need to follow the below steps
Setup Profile
Sign up with your name, email, and mobile number. Verify your mobile number with an OTP and fill in your address and job details.
Choose Your Loan
Pick the loan amount you need, select the product, and choose a repayment period that suits you.
Upload Documents
Upload your ID proof, income proof, and address proof. Make sure the documents are clear, then submit them for verification.
