At DreamDev Vehicle Loans, we are committed to making your dream of owning a vehicle a reality. As a leading financial services provider in Hyderabad, India, we offer customized vehicle loan solutions tailored to your needs. Whether you’re purchasing your first car, upgrading to a new one, or looking to finance a commercial vehicle, we provide competitive interest rates, flexible repayment options, and quick approvals. With a customer-centric approach, our team works closely with you to ensure a hassle-free loan experience, from application to disbursement.
To be eligible for a vehicle loan, applicants must typically be between 21-65 years old, have a stable income, and a good credit score. Salaried individuals should have at least 1-2 years of work experience, while self-employed applicants need 2-3 years of business stability. A good credit score and proof of residency are also required.
* Identity Proof Like Passport , Aadhar Card , PAN Card , Driving License , Passport .
* Address Proof Like Utility Bill (Electricity/Water) ,Rent Agreement ,Passport ,Aadhar Card.
* Income Proof :Salary Slips (for the last 3-6 months) -Form 16 (for salaried individuals) IT Returns (for the last 2 years).
* Vehicle Documents :Proforma Invoice of the vehicle from the dealer , Registration Certificate (RC) after purchase.
* Employment Proof :Offer Letter , Employment Certificate , Business proof for self-employed individuals.
* Passport-size Photographs :Usually 2-4 recent photos.
* Loan Application Form :Duly filled and signed.
What is a vehicle loan?
A vehicle loan is a type of financing used to purchase a car, truck, motorcycle, or other vehicle. The loan is secured by the vehicle itself, meaning the lender can repossess the vehicle if the borrower fails to make payments.
What types of vehicle loans are available?
Common types of vehicle loans include:New Car Loans: Financing for the purchase of a brand-new vehicle.
Used Car Loans: Loans for purchasing pre-owned vehicles, often with slightly higher interest rates.Refinance Loans: Loans that replace an existing vehicle loan with a new one, typically to get a lower interest rate or adjust the term.Leasing: An alternative to buying, where you pay to use the vehicle for a set period, then return it or buy it.
How much can I borrow with a vehicle loan?
The amount you can borrow depends on your credit score, income, the vehicle’s value, and the lender’s terms. Typically, lenders will finance up to 80-100% of the vehicle’s purchase price
