Buying a Car on EMI
Owning a car is now easier than ever with Finnable’s EMI option! With a personal loan, you can finance the cost of your dream car and pay for it in manageable monthly installments. Say goodbye to the burden of a one-time payment and drive away in your new car today.
Paperless
Loan in 60 Minutes
No collateral
Features & Benefits for Buying a Car on EMI
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.
Documents Required for Buying a Car on EMI
-
Aadhaar Card
-
PAN Card
-
Bank Statement (Last 3-6 months)
-
Proof of Address
-
Income Proof (Salary Slip or IT Returns)
-
Driver’s License (if applicable)
Make sure to have these documents ready when applying for your car loan.
Interest Rate & Charges for Buying a Car on EMI
Finnable offers personal loans at an annual interest rate ranging from 16% to 35.99%. Additionally, a processing fee of 4-5% is charged on the principal loan amount.
Why should you buy a Car on EMI?
-
Affordable Monthly Payments
By choosing EMI, you can break the total cost of your car into manageable installments, making it easier to fit into your monthly budget. -
Flexible Repayment Options
Finnable allows you to choose a loan tenure that aligns with your financial situation, ensuring comfortable repayment terms. -
Quick Loan Processing
Get approved quickly and without hassle, allowing you to purchase your car as soon as possible.
Eligibility Criteria for Buying a Car on EMI
-
You must be 21 years or older.
-
Indian citizenship is required.
-
Must have a stable source of income.
-
Should have a good credit score.
Secure & Confidential Process
At Finnable, we ensure the highest standards of data security and confidentiality. All the personal and financial information you share is securely handled, providing you peace of mind throughout the loan process.
Why Finnable Stands Out?
Finnable is known for its user-friendly app, fast loan processing, and commitment to customer satisfaction. With no paperwork hassles and the ability to apply entirely online, you can get a personal loan without the need to visit a branch. We also offer competitive interest rates and flexible repayment terms, making it easier for you to manage your finances.
How to Buy a Car on EMI with Finnable?
Customers looking for Buying a Car on EMI 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.
Apply Now and Get Loan for your Car Today
Ready to get started? Apply for buying a Car on EMI today and take the next step toward financial freedom with Finnable!
Ready to Get Started?
Click on Apply Now to begin your application today.
