The car loan eligibility criteria can be different for different banks. The common criteria are as follows: Age of the individual must be between 18 years and 75 years Minimum net monthly income of Rs. 20,000 At least 1 year of employment with the current employer Must be salaried or self-employed, working for a government establishment or a private company

To prove your eligibility, you’ll need to provide certain documents. Though this too is specific to different lenders,