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Drive your dreams with confidence! Our car loans offer low interest rates, making car ownership more affordable and accessible for you

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Features and Benefits

Secure financing for your dream car with flexible repayment terms and competitive interest rates, making car ownership a reality

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Up to 100% financing

Our up to 100% financing options ensure that you can leave no compromise behind when it comes to choosing your dream two-wheeler

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Insurance

We safeguard your investment by providing financial coverage for accidents, & natural calamities, ensuring that replacement costs are taken care of

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Quick approvals and disbursals

We often provide quick loan approval and disbursal, ensuring you can get your two-wheeler without unnecessary delays

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Minimal documentations

We simplifies documentation process compared to other types of loans, making it easier

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Customized Loans

Flexibility to choose loan amount, repayment tenure, and loan type based on your preferences

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Tax Benefits

Education loans offer tax benefits on interest paid during repayment, reducing the borrowing cost and enhancing their attractiveness

EMI Calculator










Loan Amount:
Interest:
Your monthly EMI is

a quick and transparent process

We have a simple online
application

Check Eligibility

Check Eligibility

Check eligibility criteria before applying for a loan to ensure approval possibilities.

Calculate Your EMI

Calculate Your EMI

Estimate your monthly EMI effortlessly with our user-friendly loan calculator.

Check Required Documents

Check Required Documents

Ensure which necessary documents are required for loan application.

Fill Application Form

Fill Application Form

Accurately provide all required information in the loan application form for prompt processing.

Eligibility and Documents

Essential documents that need to be provided to complete the process successfully are listed below:

Identification & Address Proof

Any government-issued identification document such as Aadhaar card, PAN card, passport, voter ID card, or driving license

Passport-Size Photos

Recent photographs of the loan applicant

Income Proof

To assess the applicant’s repayment capacity, income proof is required. It can include salary slips, bank statements, income tax returns (ITR), or a letter from the employer

Employment Proof

If the applicant is salaried, they may need to provide an employment certificate from their employer. If self-employed, relevant business documents like business registration, GST certificate, etc, may be required

Bank Statements

The last 3 to 6 months of bank statements are required to evaluate the applicant’s financial stability

Frequently Asked Questions

Questions From Customers

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Individuals who are min. Of 21 yrs of age at the time of applying for the loan and no older than 65 at the end of the loan tenure.
For Salaried- who earn min. 300000 per year including the income of co- applicant For selfemployed- should earn 300000 per annum with min. 2 yrs of business continuity.
FOR SALARIED
  • KYC ( Aadhar card, Pan Card, Voter I-card, valid Passport)
  • Valid Driving License
  • Latest salary and Form 16 as income proof
  • Last 6 months bank statement
FOR SELFEMPOYED
  • KYC ( Aadhar card, Pan Card, Voter I-card, valid Passport)
  • Valid Driving License
  • Latest ITR as income proof
  • Last 6 months bank statement
Factors that determine the interest rate on a car loan are-
  • Credit Score
  • Loan Tenure
  • Down Payment
  • Income and Employment History
Individuals with bad or low credit score can apply for car loan if not from banks then atleast from loan aggregators but this move can prove costly as loan aggregators charge high rate of interest.
You can recieve a loan amount of upto 80% of the cars valuation .
Yes, Downpayment for car loan is required . Min. 30% downpayment is required according to the car value.
Minimum 12 months and Maximum 48 months.
Yes, you can prepay your car loan . Less than 6 months of maturity 4% reducing of the outstanding principle amount and if more than 6 months 3% reducing of the outstanding principle amount
Fixed rates remain unchanged throughout the loan tenure and Floating rate fluctuates with the market trends.
Yes, you can get a cafr loan for a used car:
  • Age of applicant should be in between 21-65 yrs
  • Age of the vehicle- 10 yrs
  • Number of owners - max. 3
  • Income- u need to be earning atleast 2 lac per annum minimum income is required as assurance that you can pay EMI ‘s throughout the course of the loan.
Written notice of default for not meeting the loan repayment obligations. If the notice is not honored your car will get repossess. A repossessed car will be sold off through auction by the lender to compensate for your outstanding loan balance.
Yes, you can transfer your car loan to another person you can accept the lump sum amount from the new buyer and use the same to pay off the remaining loan amount.
Yes, refinance can be done according to the valuation of the car if customer’s repayment habit is good.
After verification it takes 1- 5 days to approve your car loan.
Yes, you can apply for a car loan jointly.
Liability insaurance covers damages and injuries you may cause to others in an accident. Comprehensive and collision insaurance , to protect lender’s interest in the vehicle until the loan is paid off.
We can not call it as penalty it is foreclosure charges.
We charge processing fee upto 5 lac its 1% and exceeding 5 lac its 2%.
Missing EMI payment can lead to bouncing charges and it will negatively impact your credit score.
No, you can not get a car loan without a co-signer.
In secured loan lender can sieze the collateral to recover the outstanding amount.
In unsecured collateral is not involved and solely granted based on credit worthiness of the borrower.

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Our goal at PHF Leasing Limited is to provide access to vehicle loans, home loan, and loan against property at insight competitive interest rates. We are here to help you in fulfilling your dreams.

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