Car Loan Dharapuram

Best Banks for Car Loans in Dharapuram

Car Loan Dharapuram Features

Nowadays buying your favorite vehicle is the dream of every individual, but due to the insufficient amount of money, it is difficult to own your vehicle.  So car loan is here to remove all your related to the car. This loan is an offer which provides finance to people for buying a car. A car loan allows a person to pay for the vehicle in installments rather than spending it at once. It requires a minimum documentation process and fewer fees process.

Features of car loan in Dharapuram are:

• Up to 90-95% of the funding available for new cars
• Up to 80-85% of the funding available for used cars
• The loan period is usually between 1 to 7 years.
• The interest rate is calculated on the basis of compound interest.
• Equated Monthly Instalment is worked out for repayment.
• Early settlement of the pending amount is available subject to the pre-payment penalty.

Car Loan Dharapuram 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 Dharapuram 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 months.

Car Loan Dharapuram 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 Dharapuram

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Dharapuram

CIBIL Score Required for Car Loan in Dharapuram

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 car loan 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 Dharapuram Contact Number

For more information regarding the car loan in Calangute, give us a call on 9878981166

Pre Calculated EMI Table for Car Loan Dharapuram

Car Loan EMI Calculator

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