Car Loan Bagalkot

Best Banks for Car Loans in Bagalkot

Car Loan Bagalkot Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Some of the features of car loan are:

• Easy monthly repayment options
• Instantly available
• Loan Tenure period varies from 1-7 years
• Affordable interest Rates
• No hidden charges
• Quick approval with minimum documentation

Car Loan Bagalkot Interest Rate

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Bagalkot Documents Required

Documents required for car loan are as followed:

For salaried:

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
• Income Proof:  Latest 3-month salary slip with form 16
• Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 6 months.

For self-employed:

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
• Income Proof:  Latest ITR
• Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 6 month

Car Loan Bagalkot Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

• Minimum age: 21 years
• Maximum age at loan maturity: 65 years
• Minimum employment: 1 year in current employment and a minimum of 2 years of employment
• Minimum Annual Income:  Rs 100000 net annual income

For self-employed:

• Minimum age: 21 years
• Maximum age at loan maturity: 65 years
• Minimum employment: at least 3 years in business
• Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Bagalkot

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Processing Fees & Prepayment Charges on Car Loan Bagalkot

CIBIL Score Required for Car Loan in Bagalkot

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Bagalkot Contact Number

For loan queries regarding the car loan, you can contact us on 9878981166.

Pre Calculated EMI Table for Car Loan Bagalkot

Car Loan EMI Calculator

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