Vehicle Loans: Your Path to Ownership

Are you prepared to mark your way to your favorite vehicle? We give you the best vehicle loan in Jalandhar at Mexmon Finance, the leading Vehicle Loan Company in Punjab, to make it as easy as possible for you to purchase a vehicle. We offer competitive rates on our vehicle loans and affordable repayment terms of up to 8 years. As much as possible, most of the lenders allow one to borrow up to 100% on-road cost of the intended vehicle.

Vehicle Loan Benefits

No Upfront Payment Required: Car financing schemes presented on our website enable you to purchase a car and pay for it in installments. This is particularly good for those people who would love to utilize their resources knowingly.

 

100% Financing Available: We know that down payments often present a challenge as well. Which is why, we make available easy financing to customers for the whole on-road price of the Auto, so that one does not need any initial cash to drive away!

 

Wide Range of Options: Whether it is a normal car or a luxury car all needs are met here. Being the pioneer vehicle financing company in Punjab, We are probably the most flexible source of vehicle loan for both new and second-hand vehicles.

 

Secured Loans: All of our vehicle loans are competitive and we offer secured loans in which the vehicle acts as security. It gives you an opportunity for negotiating better terms and interest rates.

 

Simplified Application Process: Getting a vehicle loan right now is very simple. They are fast and effective thus their ability to process your loan and grant you approval fast.

 

Accessibility for All Credit Scores: As Mexmon Finance, we know everyone deserves a shot at financial success. We intend our loans to be friendly to the people irrespective of their status on the credit blacklist.

 

Fixed Interest Rates: Benefit from the liquidity that is the balance sheet that is achieved by a fixed rate of interest to be paid on a monthly basis.

 

Tailored Interest Rates: The interest is often reflected throughout the credit score rating, you are able to have a lower interest rate if you have a higher credit score.

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Business Loan Calculator

Calculate your EMI for you

Your EMI Amount is:

₹ 1435


Here you can see your total payment and total interest in your loan.

Total Payment

₹ 172165

Total Interest

₹ 72165
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How it Work

Follow These Simple Steps

1
Check Interest & Calculate EMI

Start with plus the interest rates we offer and negative the probable monthly EMI.

2
Verify Your Eligibility

Determine your potential and documents required to apply so that you have a seamless ride through the application process.

3
Submit Your Application

When you are ready, apply for a vehicle loan.

4
Quick Disbursal

Once the loan is approved for a business, you get the disbursal of your funds quickly, meaning that you are on the road in no time.

Document

Necessary Papers for Mexmon Vehicle Loans

To facilitate your application, here are the documents you'll need:

  • Identity and Address Proof:

    Valid Passport

    Recent, legible, Permanent Driving License

    Voters ID Card

    NREGA job card or letter from the National Population Register.

    Letter issued by the National Population Register containing details of name & address

    Photo Id proof

  • Income Proof: ITR for the most recent year and pass and copy of bank statements of the last six months.
Rates and Charges

Mexmon Loan Rates & Charges Table

Mexmon Finance has one of the best and most affordable rates within the market. Here’s a quick overview of our loan terms:

Interest Rate

Which varies between 9.55% and 10.05% for a term of up to 7 years.

Margin Up to 10% of the cost of the car
Processing fee

Loans up to Rs 10 lakh attract a fee of 3000 rupees while loans above Rs 10 lakh attract a 7500 rupees fee.

Lowest EMI

Begin with Rs.821 per lakh for a term of seven years and an interest rate of 9.65% generally.

Prepayment charges Nil

 

 

Conclusion

Then you will be happy to know that the most suitable vehicle loan in Jalandhar is offered by Mexmon Finance. We are one of the best vehicle loan providers in Punjab* Here you can get a vehicle loan at the best and lowest rate with easy vehicle loan procedures and flexible publicize your loan documentation. Money should not be a hindrance – call us today and take home the car you’ve always wanted!

Mexmon Loan Eligibility Criteria

The eligibility criteria for vehicle loan at Mexmon Finance include:

Salaried Individuals - Employees of private limited companies, public sector undertakings (central, state, and local bodies)

Age: You should be at least 21 years at the time of applying for the loan and should not be more than 60 years at the time of the completion of the loan period.

Employment: The candidate should have worked not less than 2 years but of which at least one year has been perceived with the current employer.

Employment: Minimum 2 years of employment, with at least 1 year with the current employer

Possession of a telephone/post-paid mobile

Communication: You have to have a telephone or postpaid mobile connection.

Call Us
9875995991
Mail Us
care@mexmonfin.com
Enquiry
24/7 available