Car Loans in Chennai with Mohan Finserv
Are you planning to buy your dream car but need financial assistance? Mohan Finserv offers tailored car loans to help you drive home your desired vehicle. Whether it’s a brand-new car or a pre-owned one, we provide competitive interest rates, flexible repayment options, and a smooth process to make your car ownership journey hassle-free.
Car Loan Process and Procedure
Understanding Your Requirements:
The process begins with a consultation to understand your car preferences (new or used), budget, and repayment capacity. Based on your requirements, we recommend the best loan options tailored to your needs.
Eligibility Check:
We evaluate your eligibility based on your income, employment status, credit score, and existing financial commitments. Our experts will guide you on how to improve your eligibility, if needed.
For salaried individuals, documents like salary slips and bank statements are required. For self-employed individuals, income tax returns and business financials may be requested.
Loan Application Submission
Once your eligibility is confirmed, you’ll submit your loan application along with these documents:
Identity Proof: Aadhaar card, PAN card, or passport.
Address Proof: Utility bills, rental agreement, or Aadhaar card.
Income Proof: Recent salary slips, IT returns, or bank statements.
Vehicle Details: Invoice or quotation of the car (for new cars) or details of the seller (for pre-owned cars).
Loan Sanction and Approval:
After verifying your application and documents, Mohan Finserv will approve your loan. A sanction letter will be issued, detailing the approved loan amount, interest rate, tenure, and monthly EMI. Our competitive rates and transparent terms ensure there are no hidden surprises.
Disbursement of Loan:
Upon acceptance of the sanction letter, we proceed with loan disbursement. The loan amount is directly credited to the car dealer’s account in case of a new vehicle purchase. For pre-owned cars, the payment is made to the seller or intermediary.
Repayment Schedule and EMI Management:
You can start repaying your car loan in affordable EMIs as per the repayment plan. At Mohan Finserv, we provide flexible tenure options to ensure the repayment aligns with your financial capabilities.
Why Choose Mohan Finserv for Your Car Loan?
Quick Processing:
Our streamlined application and approval process ensure you get your loan approved without delays.
Competitive Interest Rates:
Drive your car with a loan that suits your budget, thanks to our attractive interest rates.
Minimal Paperwork:
Simplified documentation to make the process stress-free.
Pre-Approved Loan Options:
For eligible customers, we offer pre-approved loans to help you make quick decisions.
Whether you're buying your first car or upgrading to a premium model, Mohan Finserv ensures a seamless loan process with expert guidance at every step.
Turn your car ownership dreams into reality with Mohan Finserv in Chennai!