If you have been in employment for less than 1 year and total number of years in service is less than 3 years it is unlikely that you will be financed based only on your profile. Most financiers would insist that you bring an additional guarantor or co- applicant whose years in service match the requirement. If you are salaried the minimum income is normally Rs. The quantum of finance you can get depends on your income, your ability to repay and the financier's LTV norms for the car. For income, most financiers look at your IT returns for the last two years.
Financiers also look at the nature of income.
Generally, if you have an income of Rs. Yes they do. Fixed obligations such as an earlier loan or certain deductions in the case of salaried people are normally removed from the income by most financiers before determining the finance amount. Loans for customers from such areas or with such profiles may be rejected or may be more closely scrutinised before approval. Yes, you can, under the No Income Proof scheme offered by some financiers.