Details of Certificate of Registration:

Karina Fincap Limited is a registered Non Deposit Accepting Non Banking Financial Company registered under Section 45-IA of the RBI Act with Reserve Bank of India with Registration No.N-14.03250.

The Company is having valid Certification of Registration from Reserve Bank of India, However the RBI does not accept any responsibility or guarantee about the present financial soundness of the Company or for the correctness of any of the statements or representations made or opinions expressed by the Company and for the repayment of debts/discharge of liabilities by the company.

Auto Loan

The borrowing of money which has to be repaid with interest to fund the purchase of a car.

  • Do not sign the agreement unless you have read and understood the same.
  • We do not take any collateral in auto loans unless its a loan against a collateral which shall be mentioned on the loan agreement.
Loan Amount

The minimum loan amount for taking a car loan is Rs. 1,00,000. The maximum loan amount will depend upon the price of the car, model variant, profile of the customer, etc

New Car

Loan up to 80% of ex-showroom price of the car

Pre-Owned Car
  • Loan up to 80% of the valuation of car with maximum tenure of 60 months* (can go further depending on profile)
  • Hassle-free processing

Salaried Individuals
Self Employed
Age Criteria
The applicant should be above 25 years at the time of application and upto 58 years of age at the time of maturity of loans.
Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity
Income Criteria
Gross annual income of at least Rs. 5 lakh
Gross annual income of at least Rs. 7 lakh
The total employment stability should be more than 2 years and current employment stability of minimum 1year
Current business stability should be 2 years or total more than 3 years
Checklist for Documentation
For Applicant
  • Completed loan Application
  • Photographs
  • ID Proof: Electoral ID Card/Passport/Driving License/PAN CARD*
  • Residence Proof: Voter ID Card/Passport/Electricity Bill/Telephone Bill
  • Bank Statement: 3 Months
  • Bank verification Form
For Guarantor/Co-borrowers
  • Photographs
  • ID Proof
  • Residence Proof
  • Bank verification form
Additional Documents required for salaried persons
  • Original salary certificate for last 3 months
  • TDS Certificate-Form 16 or Copy of I.T Returns for the last two financial years, duly acknowledged by I.T Department
For Professional/Self-Employed/Businessmen
  • 3 years I.T Returns duly acknowledged by I.T Deptt/I.T Assessment Orders for computation of Income
  • Copies of challans in respect of advance payment of Income Tax

*Approval/ Disapproval of Loan is the sole discretion of Karina Fincap Management