About Company

AI Saif Power Private Limited, a leading provider in power transmission and distribution erection and maintenance. With a commitment to excellence and innovation, we deliver high-quality solutions that ensure the reliability and efficiency of power systems. Our team of experienced professionals is dedicated to meeting the evolving needs of the industry, providing end-to-end services from planning to execution.

Car Loan

Drive Your Dream Car with
Easy Car Loan Options!

Secure a Car Loan with competitive interest rates and flexible tenure!

Apply Now
Home Loan

Used Car loan

Features and Benefits of our Used Car Loan

  • Seize Opportunity: Own a quality used car without waiting to save up the full amount (up to 100% of Market valuation)
  • Budget-Friendly: We lend you the funds required to purchase the used car, repaid in manageable monthly installments or OD Facilities.
  • Flexible Options: Choose from various used car models that suit your preferences.
  • Immediate Ownership: Drive your desired used car without the delay of saving for years.
  • Great Value: Get a reliable used car with excellent value and features.
  • Build Credit: Consistent payments can help enhance your credit histor

Documentation for Used Car Loans

You will be asked to submit papers suggested by your lender to show your eligibility and competence for a Used Car Loan. To begin the Loan procedure, keep the following documents on hand to obtain a Loan as soon as possible. List of Documents Required

  • KYC documents (Valid Photo ID Proofs)
  • PAN Card
  • Last 2 years' ITR as proof of income
  • Salary Slip (latest 3 months)
  • Salary account statement (latest 6 months)
  • Signature Verification Proof
  • Registration Certificate of the Car
  • Car Insurance

Fees and Charges for Used Car Loan

  • Processing Fees: 1.5% to 4% of loan amount
  • Valuation Charges: 500 onwards
  • Stamp Duty: As Per State Government Rates
  • Legal Fees: As per actual.
  • RTO Charges: As Per State Government Rates

Used Car Loan Eligibilit

Used Car Loan Eligibility Calculator- Link to EMI Calculator

Used Car Loan Eligibility Criteria for Top Banks:
  • Age: Generally 21-65 years.
  • Income: Minimum monthly or yearly earnings.
  • Employment: Stable job with experience (1-2 years).
  • Credit Score: Good score, often 680 or higher.
  • Down Payment: A certain percentage of the car's cost
  • Documentation: ID, address, income proofs, car papers.
  • Loan Amount: Based on income and repayment ability.
  • Debt-to-Income Ratio: Consideration of existing debts.
  • Vehicle age: Within 15 years at the end of tenure.
For Salaried Individuals
  • Individuals who are at least 21 years old at the time of loan application and no older than 60 at the end of the loan tenure.
  • Individuals who have worked for at least two years, with at least one year with the current employer.
  • Individuals with a minimum earning of Rs. 2,50,000 per year, including the income of the spouse/co-applicant.
For Self-Employed Individuals
  • Individuals who are at least 25 years old at the time of application and no older than 65 at the end of the loan tenure.
  • Those who have been in business for at least three years.
  • Should earn at least Rs. 2,50,000 per year
Factors affecting Used Car Loan Eligibility:
  • Credit Score
  • Income Level
  • Employment Stability
  • Debt-to-Income Ratio
  • Age of Car
  • Loan Amount Requested
  • Down Payment Amount
  • Loan Tenure
  • Credit History
  • Existing Financial Obligations

New Car loan

Features and Benefits of our New Car Loan

  • Quick Car Ownership: Get your dream new car without waiting to save up all the money (Avail up to 100% of On Road Cost)
  • Flexible Financing: We lend you the funds needed to buy the car, and you pay us back in smaller, manageable installments or OD facilities.
  • Enjoy the Newness: Experience the excitement of a brand-new car with all its latest features.
  • Options Galore: Choose from a wide range of new car models that suit your taste and needs.
  • Building Credit: Making regular payments can help improve your credit score over time. Warranty Coverage : Many new cars come with warranties that provide peace of mind.

Documentation for New Car Loans

You will be asked to submit papers suggested by your lender to show your eligibility and competence for a New Car Loan. To begin the Loan procedure, keep the following documents on hand to obtain a Loan as soon as possible.

List of Documents Required
  • KYC documents (Valid Photo ID Proofs)
  • PAN Card
  • Last 2 years' ITR as proof of income
  • Salary Slip (latest 3 months)
  • Salary account statement (latest 6 months)
  • Signature Verification Proof
  • Proforma Invoice of the Car

Fees and Charges for New Car Loan

  • Processing Fees: Starting from 6200 onwards
  • Stamp Duty: As Per State Government Rates

New Car Loan Eligibilit

New Car Loan Eligibility Calculator- Link to EMI Calculator

New Car Loan Eligibility Criteria for Top Banks:
  • Age: Generally 21-65 years.
  • Income: Minimum monthly or yearly earnings.
  • Employment: Stable job with experience (1-2 years).Credit Score: Good score, often 700 or higher.
  • Down Payment: A certain percentage of the car's cost Documentation: ID, address, income proofs, car papers.
  • Loan Amount: Based on income and repayment ability.
  • Debt-to-Income Ratio: Consideration of existing debts.
For Salaried Individuals
  • Individuals who are at least 21 years old at the time of loan application and no older than 60 at the end of the loan tenure
  • Individuals who have worked for at least two years, with at least one year with the current employer
  • Individuals with a minimum earning of Rs. 2,50,000 per year, including the income of the spouse/co-applicant.
For Self-Employed Individuals
  • Individuals who are at least 25 years old at the time of application and no older than 65 at the end of the loan tenure.
  • Those who have been in business for at least three years.
  • Should earn at least Rs. 2,50,000 per year
Factors affecting New Car Loan Eligibility:
  • Credit Score
  • Income Level
  • Employment Stability
  • Debt-to-Income Ratio
  • Loan Amount Requested
  • Loan Tenure
  • Credit History
  • Existing Financial Obligations