Wish to buy your dream car but are unable to fund it because of a cash crunch? Well, CASHe is here to provide you with the ultimate solution. Avail a CASHe car loan today at competitive interest rates and bring home the car you always wished to have. With CASHe, you can get your car loan approved within a minimum timeframe and make your dream a reality.
In this article, let’s learn about CASHe car finance and what documents are needed for a car loan. You would also learn about car loan interest rates and eligibility criteria.
What is a Car Loan?
As the name suggests, a car loan is simply a loan that is borrowed from a bank or a financial institution to buy a car. With the help of a car loan, you do not need to pay the entire cost of the car upfront. Instead, you can just pay the downpayment and take a car loan for the rest of the amount. This way you would be able to purchase your dream car without spending your savings. However, you would need to pay the monthly instalment for the loan amount.
Features & Benefits Of a Car Loan
Here are some of the significant features and benefits of a car loan:
- Affordability When you avail a CASHe car loan, you don’t need to have the entire car amount saved in your bank. With this car loan, you can just make the downpayment and use our car loan to finance the rest of the amount.
- Flexible Repayment Options A CASHe car loan offers you flexible repayment options, ranging from 90 days to 540 days. You can choose your tenure as per your financial capabilities and requirements.
- Credit Building A car loan also helps you in building your creditworthiness. Yes! When you take a loan and make timely repayments, it increases your credit score.
Easy Steps to Apply for a Car Loan
Getting a car loan from CASHe is quite a simple process. Here are the main steps you need to follow:
- Step 1: Visit the CASHe mobile app to check if you meet the eligibility criteria for a car loan.
- Step 2: Fill out the online application form with your personal, employment, and financial details.
- Step 3: Upload the required documents such as ID proof, address proof, income proof, and bank statements.
- Step 4: Once your application is submitted, CASHe will review it and notify you upon loan approval.
- Step 5: Upon approval, the loan amount of up to ₹4 lakhs will be disbursed to your bank account.
Factors to Consider When Getting a Car Loan
Before you apply for a car loan, here are a few things you must consider:
- Car loan interest rates- go for lower car loan interest rates
- Loan tenure- choose as per your requirements and repayment capabilities
- Down payment- check how much you can pay upfront
- EMIs- calculate EMIs before submitting the loan application
- Charges- be aware of all hidden charges and additional fees
Eligibility Criteria to Get a Car Loan
To get a CASHe car loan, here are the eligibility criteria:
- You must be an Indian citizen
- You must be at least 18 years of age
- Have an active bank account
- Must draw a minimum salary of ₹15,000 per month
Documents Required For a Car Loan
To qualify for a car loan with CASHe, here is the list of all documents you need to provide:
- Identity proof (Aadhar card, voter ID, driving licence)
- Income proof (salary slips)
- Latest bank statements
- Permanent address proof
- Photo identity proof (PAN card, Aadhar card)
- Passport-size photos
Also Read: Understanding the Benefits of Pre-Approved Car Loans in India
So, this is how you can get a CASHe car loan instantly. Wait no further and apply for a car loan today! Download the CASHe mobile app and get going.
