CAR LOAN
Make your dream car a reality – finance it with us!
Introduction
Nora Finance offers a range of benefits to students who are seeking financial assistance for their education.
At Nora Finance we understand the importance of education and the financial burden it can place on students and their families. We are committed to providing hassle-free and flexible education loans to help students achieve their academic and career goals.
Eligibility For Car Loan
Age and citizenship: Both the applicant and co-applicant should be over 18 years of age and citizens of India.
Academic qualifications: The student must have secured at least 50% marks during HSC (10+2) and graduation.
Course of study: The student must have obtained admission to career-oriented courses such as Medicine, Engineering, Management, etc., either at the graduate or post-graduate level.
Admission to recognized institution: The student must have secured admission in India or abroad from a recognized college/education institution through entrance test/merit-based selection process post completion of HSC (10+2).
Regular source of income: The co-applicant, i.e. parent(s) or guardian, should have a regular source of income to support the repayment of the education loan.
Income statements: Salary slip, Form 16, Income-Tax Returns of the last 2 years, and Computation of income of last 2 years certified by a Chartered Accountant.
Bank statements: Pass Book or Bank Statement of the last 6 months.
Admission letter: Copy of the admission letter of the Institute along with the ‘fee schedule’.
Academic records: Mark sheets and/or pass certificates of SSC, HSC, Degree Courses, National level entrance test.
Age proof: Birth certificate, passport, Aadhaar, PAN card, driving license.
Address proof: Aadhaar, passport, latest electricity bill, latest telephone bill, ration card, existing house lease agreement, bank account statement.
Photo identification proofs: Aadhaar, voter id, PAN card, passport, driving license.
Photographs: Passport size photos of the applicant and co-applicants.
Guarantor form (optional): If required, a guarantor form may be submitted.
Car Loan Approval process
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Loan amount disbursed
Key Features
Loan Starting From 3 Lakhs
Longer Repayment Tenure
Smaller EMIs
