21 years for standard car
23 years for premium car
25 years for super premium car
Age (Maximum at loan maturity)
60 years for salaried individuals
70 years for self-employed individuals
Annual Income (Minimum)
For Salaried Individuals
Rs. 80,000 for standard car and
Rs. 1,00,000 for premium car For Self-employed Individuals
Rs. 60,000 for standard car and
Rs. 100,000 for premium car
Minimum Employment Norms
1 year for Salaried and
2 years for Self-employed (profit making
business entity)
Residence Stability Norms
1 year for the Salaried and
For Self-employed 2 years in the same city
of which 1 year in the same residence.
