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Car Loan

Car Loan

The car is no more a luxury but a necessity for many. As in early days, you need not be tensed about the money as you can go for a car loan. And car loan is a good option to opt for as it needs less documentation when compared to other forms of loans.

BENEFITS

  • Provide you with the option of easy equated monthly instalments.
  • The interest rate can vary from 13.75 percentage to 17.50 percentage based on whether you are opting to buy a new or pre-owned car.

ELIGIBILITY

  • You might need to satisfy certain eligibility criteria like age, salary requirements,employment type among others.

CRITERIA

  • The various documents you might need are Identity proof such as Permanent Account Number (PAN) Card, passport, driving license, etc.
  • Address proof such as Voter ID Card, passport, etc. Age proof,Photographs, Car documents, Income proof such as 3 months’ salary slips, 6 months’ salary bank account statement, latest income-tax return, etc.
  • Certain banks also ask for the copy of car insurance and driving license and cross-check them before accepting the loan application. Stuck with the process, well we are happy to help.

 


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