Vehicle Loan

Vehicle loan is a financial assistance taken to purchase a car with minimal initial payment from your own pocket. The borrowed money from the lender can be repaid in equal monthly instalments over a period of time with an agreed rate of interest. Normally, car loans are secured with the vehicle itself that is being bought. It is treated as a security for the car loan. In case, the loan is not repaid within the stipulated time period, the lender can possess your car and sell it off to end the dues.

If you have a steady source of income and strong credit, acquiring your dream car is no longer a pipe dream. Car loans are widely available today, with numerous choices for calculating affordable EMIs. You will be able to maintain a car loan while still managing the rest of your funds for other demands if you make informed decisions and make wise choices.

With the increased demand for automobiles, automakers have entered the lending industry to assist purchasers in purchasing their dream vehicle at a reasonable price.

Eligibility Criteria

Applicants must meet the following requirements to be eligible for the loan:

• Should fulfil KYC documents requirements
• Age should be between 18 to 58 years
• Should not have an adverse credit record
• Should meet the acceptable credit norms according to Pahal India Multipurpose Nidhi Limited Should be part of a group of
• customers who are willing to guarantee each other for the repayment of loan

How To Apply

• Visit the nearest branch of and Pahal India Multipurpose Nidhi Limited our Loan Executive will guide you on the application process.
• Contact us and our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Required Documents

• Primary ID: Aadhaar
• Secondary ID: PAN card / Form 60
• In case of non-availability of PAN card, customer needs to submit Form 60 along with the one of the following OVDs (Officially Valid Documents)
  • Passport
  • Voter ID card
  • Driving licence
  • NREGA (National Rural Employment Guarantee Act)
  • Letter issued by National Population Register containing
  • details of name and address
• Residence Proof
  • Any of the valid KYC documents
  • Utility bill (not more than 60 days old)

• Quick loan disbursement.
• Minimal Paperwork
• Lower Interest Rates
• Flexible Payment Options
• Staying informed
• 24/7 on time services

The major advantage of availing manufacturers finance is that the loan processing time is reduced, and the buyer can benefit from the better loan terms.

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