Car Loan Balance Transfer and Top-up eligibility and documents

Read on to know the criteria required to get our car loan balance transfer and top-up.

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Eligibility criteria and documents required

There are just a few simple criteria to be eligible for our car loan balance transfer and top-up. Once you meet all the criteria, you need very few documents to finish your application process.

Eligibility criteria

Nationality: Indian

Age: 18 to 80 years*

For salaried employees: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 20,000

For self-employed individuals: Applicants must submit an ITR proof for the last 2 years

Documents

  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips for the last 2 months
  • Bank account statements for the previous 3 months
  • Vehicle registration certificate and insurance copy

*Higher age limit is applicable at the time of loan maturity.

Car loan balance transfer and top-up application process

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Step-by-step guide to applying for a car loan balance transfer and top-up

  1. Click on the ‘APPLY' button on this page.
  2. Enter the details of your car, such as the make and model, active loan, year of purchase and more.
  3. Fill in the application form with your information, such as your date of birth and employment details among others.
  4. Once you fill in all the details, click on ‘SUBMIT’ to finish your application.

Our representative will call you on the provided number for the next steps.

Frequently asked questions

What is the maximum tenure to repay the car loan balance transfer and top-up?

You can take advantage of our flexible repayment tenures that range up to 84 months. You can use our online car loan balance transfer and top-up EMI calculator to evaluate your monthly instalments and find the right option for your needs.

What is the CIBIL Score required to be eligible for a car loan balance transfer and top-up?

A CIBIL Score of 700 or higher is needed to apply for our car loan balance transfer and top-up.

What is the maximum amount of car loan balance transfer and top-up that I can get?

You can get a car loan balance transfer and top-up of up to Rs. 52 lakh, which you can repay comfortably over a long tenure of up to 84 months.

What are the eligibility criteria for getting a car loan balance transfer and top-up?

The eligibility criteria are as follows:

Nationality: Indian
Age: 18 to 80 years*
For salaried employees: Individuals should have at least 1 year of experience and a minimum monthly salary of Rs. 20,000
For self-employed individuals: Applicants must submit an ITR proof for the last 2 years

*You should be 80 years or younger at the end of the loan tenure.

Is credit score a determining factor for car loan balance transfer eligibility?

Credit score is an important factor for car loan balance transfer eligibility. The minimum credit score required to get the balance transfer varies from lender to lender.

What are the documents required for a car loan balance transfer?

The documents required for a car loan balance transfer are:

  • KYC documents: Aadhaar/ passport/ voter’s ID
  • PAN card
  • Employee ID card
  • Bank statements for the last 3 months
  • Salary slips for the last 3 months
  • Vehicle registration certificate and insurance copy
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