Following are the general eligibility criteria to scout car loans in India.
- Minimum Age of Applicant: 18 years for salaried professionals and 21 years for self employed businessmen.
- Maximum Age Limit of Applicant at Loan Maturity: 60 years for salaried professionals and 70 years for self employed businessmen.
- Salaried employees should have worked a minimum of one year in their current company.
- Minimum loan amount generally given is Rs. 1 lakh.