Buying a car is a dream for many people, but before applying for a loan, it’s important to know how much car loan you can actually get based on your salary. If your monthly salary is ₹25,000, lenders will evaluate your income, existing liabilities, credit score, and repayment capacity before approving a car loan.
Can I Get a Car Loan on a ₹25,000 Salary? A person earning ₹25000 can easily qualify for a car loan.but, interest rate can be different in NBFC and Bank. Generally, NBFC and banks prefer that your total EMI obligations do not exceed 40% to 50% of your monthly income, especially applicable for a salaried…