PAN CARD
Business Or Salary
6 month statement
Car Loan Key Features
| Eligibility Criteria | Details |
| Age | 21-65 yrs |
| Salary / Business Vintage | 2 year |
| CIBIL | 650 and above |
| Car Loan Interest Rate | 8.00 % per annum |
| Lowest EMI per lakh | 1852 |
| Tenure | 12 to 72 months |
| Car Loan Processing Fee | .50% to 1% |
| Prepayment Charges | No charges on Individual name |
| Part Payment Charges | No charges on individual name |
| Minimum Loan Amount | Rs. 5000 |
| Maximum Loan Amount | Rs. 100 Lakh |
Rate of interest and Charges
List of Top Banks for Car Loans in Uttarakhand
| Banks | Interest Rates | Processing Fees |
| HDFC Bank | 8.00 – 9.65% | 2500/- |
| ICICI Bank | 8.25 – 9.65% | 2500/- |
| Axis bank | 8.50 – 9.60% | .25% |
| Central Bank of India | 8.00 – 8.25% | Nill |
| Kotak Bank | 8.25 – 9.00% | .20% |
| IndusInd Bank | 8.25 – 9.65% | .20% |
| Standard Chartered | 8.00 – 9.65% | 5000/- |
| SBI / State Bank | 8.00 – 9.65% | Nill |
Overview
Car loan is a type of loan that allows individuals to buy there dreams car at very affordable rates. Loan upto 100 % of car value is available by many top Banks.
Documents Required
- Pan Card
- Adhaar Card
- 3 ITR / Vintage proof
- Salary Slip / Business proof
- Six month Statement
- 1 Photo
Features and Benefits
- Just in 3 days
- Hassle-Free
- Multi-Purpose End-Usage
- Minimum Documentation
Rates And Charges
Car Loan interest rates can typically vary anywhere between 8.00% and 9.75% based on how you fulfill the requirements of the financial institution.
Important Tips
- Maintain Balance in advance for existing EMI’s
- Avoid higher no. of small loans.
- Pay all Emi’s on time.
A car loan is a type of loan that is used to finance the purchase of a new or used car.
You can apply for a car loan by submitting an application to a bank or financial institution that offers car loans.
The eligibility criteria for a car loan can vary from lender to lender, but typically include factors such as your income, credit score, and employment history.
The amount that you can borrow for a car loan will depend on several factors, such as the value of the car you want to purchase, your income, and your credit score.
The interest rate for a car loan can vary depending on several factors, such as your credit score, the lender you choose, and the loan term.
The loan term for a car loan is the length of time that you will have to repay the loan. It can vary depending on the lender, but typically ranges from 3 to 7 years.
Yes, most lenders allow you to prepay your car loan without any penalty. However, it’s important to check with your lender to confirm their policy on prepayments.
If you miss an EMI payment, you may be charged a late payment fee, and your credit score may be negatively affected.
The EMI (Equated Monthly Installment) for a car loan is calculated based on several factors, including the loan amount, the interest rate, and the loan term.
The documents required for a car loan can vary depending on the lender, but typically include proof of identity, proof of address, income proof, and proof of vehicle ownership.
It may be more difficult to get a car loan with a bad credit score, but it’s still possible. Some lenders offer loans specifically for people with bad credit, but the interest rate may be higher.
If you default on a car loan, your credit score will be negatively affected, and the lender may take legal action to recover the outstanding amount, which could include repossession of the car.