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Formerly known as Madras, Chennai is the capital town of the state of Tamil Nadu. It is one of the most visited Indian cities by foreign tourists and is the biggest cultural, economic, and educational centre of South India.

Chennai is also nicknamed as “The Detroit of India” having a base of one third of India’s automobile industry. It is also a major film production centre and is home to Tamil Film Industry. For many centuries the region around Chennai has served as an important military, administrative, and economic centre. Ancient coins dating to around 500 BC have been found in the excavations in the city and surrounding areas. The sculpted caves and paintings of the age old period also have been identified from that period.

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We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Car Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Car Loan in Chennai also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to Rs. 5000 on loan disbursal. Get ready to build a stronger tomorrow.

Eligibility Criteria for Car Loan in Chennai -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Chennai and help you with flexible eligibility criteria.

Salaried Individuals –

1. Any one aged between 21 to 60 years is eligible for a car loan.
2. Good credit score is required for the car loan.
3. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
4. A salaried individual should have the employment stability of at least 1 year with the current employer

Self-employed individuals -

1. Any one aged between 21 to 65 years is eligible for a car loan.
2. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
3. A self-employed individual should have the business stability of at least 2 year with the current employer

Documents Required for Car Loan in Chennai

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

1. KYC documents like Voter ID Card, Electricity Bill, Aadhaar Card, PAN Card, Passport, Ration Card, and Driving License
2. Salaried individuals need to furnish salary slips for the last 6 months
3. Self-employed individuals need to showcase Income Tax Return (ITR) for the last 2 years
4. Pro-forma invoice of the vehicle
5. Your net worth proof like that of fixed deposits
6. Signature verification proof
7. 2 recent size passport photographs

Benefits & features of taking a Car Loan in Chennai

If you are falling short of funds for buying a car, go for a Car Loan. At Chennai, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

1. Instant Approval – Yes. SBI, ICICI, HDFC and other players are offering instant paperless approval for Car Loan. Apply at Afinoz, and we will help you avail the Car Loan at best rate.
2. High Eligibility – Within a just few minutes, we will assess your Car Loan eligibility and suggest you the best available options in Chennai. Our process is driven by automated technologies, and we help you get low EMI Car Loan
3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Car Loan Balance to save on money. Some lenders charge fee for a balance transfer.