The minimum income requirement for a car loan generally starts from ₹20,000 per month. However, it may vary based on the bank, location, and your employment status.

Yes, you can apply for a car loan even if you have an existing loan, provided you meet the eligibility criteria and have a stable income to manage both loans.

The maximum car loan amount can vary between ₹50,000 to ₹40 lakhs, depending on your eligibility, the car's value, and the lender's policy.

Some lenders offer 100% financing on car loans, meaning you may not need to make a down payment. However, this typically depends on your eligibility and the lender's policy.

Common documents required for a car loan include proof of identity (Aadhar/PAN), proof of address, income proof (salary slip, bank statement), and car-related documents.

Yes, many banks and financial institutions offer car loans for used cars. However, the loan tenure might be shorter, and the loan-to-value ratio could be lower than for new cars.

Car loan interest rates typically range between 8% and 15% per annum, depending on factors like your credit score, loan tenure, and the type of car (new or used).

Yes, many lenders allow early repayment or foreclosure of car loans. However, some may charge a prepayment penalty, which usually ranges between 2% and 5% of the outstanding loan amount.

Car loan tenures typically range from 12 months to 84 months (1 to 7 years), depending on the lender, the loan amount, and your repayment capacity.