Eligibility for a vehicle loan

• For you to apply for a vehicle loan, make sure you are fulfilling the purpose of purchasing new passenger cars, or super utility vehicles (SUVs), multi-utility vehicles (MUVs), etc.

• You should be buying the vehicle for personal and private use.

Also, for any individual who is applying for a vehicle loan, he/she fall into any of the following categories:

• Is a salaried employee
• Can be a farmer, business, or any other field of profession and service
• Director of any public or private limited company
• Proprietor of any firm of one of the partners of any partnership firm
• A part of any public or private corporation or a trust
• NRI
• PIO