OMK

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Car Loan

A car loan is an amount that an applicant can borrow from a bank/ financial institution to purchase a new / used car for their own use. Applicant pay it back in Equated Monthly Instalment (EMI) over a set period of tenure upto 84 months.

Today, owning a car has become a fundamental necessity that almost everyone aspires to fulfill. If you’ve been patiently saving up for this purpose, OMK can help you turn your dream into reality. With OMK’ bespoke car loans, you can now own a car that you may have only dreamed of a decade ago.

Whether you’re a salaried professional or self-employed, OMK offers exclusive features and options to suit your unique needs. With the convenience of phone, email, or chat, you can consult with the knowledgeable OMK Team to make informed choices and apply for a Car Loan that comes with OMK’ Flexible Car Loans Advantage. Let OMK’ dedicated team assist you in owning the car you desire.

At OMK, we have the means and resources to ensure your comfort and security. We are genuinely interested in helping you procure a car to make your life easier. Your goodwill is important to us, and our loan professionals are skilled at understanding and anticipating your financial needs.

Applicant eligibility depends on the credit history, income, and other factors.

Applicant pay it back in Equated Monthly Instalment (EMI) over a set period of tenure upto 30 years. Applicant can use loan against property for a variety of purposes, such as expansion of business, to increase working capital needs, for buying or replenishing inventory, for purchasing equipment, for office expansion, debt consolidation or to meet any other business needs.

Cars are no longer a luxury today; they have become a necessity. But if you are worried about your budget, simply apply for a car loan to make your dream of owning a car come true. OMK Loan makes car ownership a reality as you get financing up to the full cost of the vehicle.

  • Maximum Loan amount depending on lenders’ discretion
  • It helps you purchase a car even if you don’t have all the money for it right now
  • Most car loans will Loan the on-road price of the car. This means no down payments
  • Flexible repayment tenure of upto 7 years and above, depending upon the lender
  • Minimal documentation
  • Quick loan disbursals
  • Loan pre-payment options

To apply car loan, applicant need to submit the following documents:

  • KYC documents : Passport size photos, Photo ID (Aadhaar Card & PAN Card or Voter ID or Driving Licence), residential proof (utility bills/ration card/ Bank Passbook, etc.), Employee ID Card (in case of salaried)
  • Income/Financial Documents : Latest 3 months Salary Slips along with 3 years Form 16 & ITR & annexures (in case of self-employed)
  • Professional Qualification Documents : Degree of Doctorate/Chartered Accountant/ Company Secretary, if any, and
  • Bank Account Statement : Latest 6 months bank statement.
  • Additional Documents for self-employed : GST Certificate, MSME Certificate, MOA & AOA, etc

OMK has on offer tailor-made car loans that differ in terms of individual abilities, and other factors. To own a car, talk to your OMK Team for beneficial alternatives via phone, email, or chat, and apply for a Car Loan to get your OMK’ Flexible Car Loans Advantage. Eligibility criteria for car loans are as follows.

  • Nationality : Indian
  • Age : 21 years to 60 years
  • Employment : Salaried in any Public, Private or MNC sector or Self Employed
  • Credit Score : 700 or above
  • Income : Minimum Rs. 2.50 lacs per annum
  • Job / Business Stability : Permanent with 1 year continuity