Car Loan Buxar

Best Banks for Car Loan in Buxar

Car Loan Buxar Features

Purchasing a car has become the dream of every Indian. Today it has becomes a status symbol for everyone. As a result, several banks and lending institutions now provide car loans with a low interest rate and affordable EMI options.

A car loan can be helpful for consumers who want to buy a new car but do not get the car because of a lack of money. In addition, it helps the borrower to build their credit history if the borrowers make their monthly payments on time.

Car Loan Buxar 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 Buxar Documents Required

Documents required for car loan are as followed:

For salaried:

•  A passport, PAN Card, Voters ID card, Driving License are required.
• Income Proof: Latest 3-month salary slip with form 16
• Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
•  Last 6 months bank statement.

For self-employed:

•  A passport, PAN Card, Voters ID card, Driving License are required.
• Income Proof: Latest Income tax returns required.
• Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
•  Last 6 months bank statement.

Car Loan Buxar Eligibility Criteria

The car loan eligibility criteria requirements are as followed:

For Salaried:

• The minimum age of the applicant should be 21 years.
• The maximum age should be 65 for the loan maturity.
• Minimum employment: At least 1 year in current employment and a minimum of 2 years of employment.
• Minimum Annual Income: It should be Rs 1,00,000 net annual income.
• A contact number is required.

For Self Employed:

• The minimum age of the applicant should be 30 years or above.
• The maximum age should be 60 at loan maturity.
• In this, minimum employment should be at least 2 years in the business.
• The minimum annual income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Processing Fees & Prepayment Charges on Car Loan Buxar

CIBIL Score Required for Car Loan in Buxar

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CIBIL score plays a key role in getting a loan. Suppose your Cibil score is between 750-900. Then you will get quick car loan approvals. If your Cibil score is less than 700, then your application may get rejected. So, check your Cibil score before applying for a loan. If you pay your EMIs on time, then your Cibil score will increase. If you do not repay Your EMI, it will reduce your Cibil score. The applicant has to pay monthly EMIs according to there schedule of the bank.

A person should examine the information correlated to car loan interest rates before deciding on the available car loan.

Car Loan Buxar Contact Number

For instant car loan help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Buxar

Car Loan EMI Calculator

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