To Avail youth car loan the car will be registered in the name of the Student/ Youngster (first applicant. College going student of 18 to 25 Years old and his parent not more than 55 years old and Youngsters between age group of 18 to 28 years can apply for youth car loan. The College going students can avail loan with either of the earning parents as co-borrower and Youngsters who are working for State/Central Govt ,Corporations, Public Sector Undertakings, Listed Private Sector Companies including IT Companies and reputed establishments for at least 12 months. The Minimum youth loan amount is Rs.1.00 Lac and Maximum Loan amount is Rs.2.75 Lac
For Youth Applicants Minimum Net Annual Income (NAI) of Rs.2.00 Lakhs or Net Monthly income (NMI) of Rs.16,667/- In case of a student, the either of the earning parent with eligible income will join as a co-borrower. This is the good opportunity for students and youth to avail car loan.
Documents required
For Youth Applicants Minimum Net Annual Income (NAI) of Rs.2.00 Lakhs or Net Monthly income (NMI) of Rs.16,667/- In case of a student, the either of the earning parent with eligible income will join as a co-borrower. This is the good opportunity for students and youth to avail car loan.
Documents required