Car Loan Shivpuri

Best Banks for Car Loan in Shivpuri

Car Loan Shivpuri Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your 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.

Car Loan Shivpuri Interest Rate

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

Car Loan Shivpuri Documents Required

Documents required for car loan are as followed:

For salaried:

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

For self-employed:

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
• Income Proof: Latest Income Tax Report of the applicant
• Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
• Bank Statement: Last 6 months original and photocopies of bank statement of the applicant.Apply for a Car Loan

Car Loan Shivpuri Eligibility Criteria

The car loan eligibility requirements are as followed in Shivpuri:

For salaried:

• The minimum age for applying for a loan is 21 years old and the maximum age for applying for a loan is 65 years
• The applicant should be at least 1 year in current employment and a minimum of 2 years of employment
• The individual has to have at least Rs.1 lakh as net annual income

For self-employed:

• The minimum age for applying for a loan is 21 years old and the maximum age for applying for a loan is 65 years
• The applicant should be at least 3 years in business
• The individual has to have a net profit of Rs.60,000 p.a for standard cars and Rs.100,000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Shivpuri

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Processing Fees & Prepayment Charges on Car Loan Shivpuri

CIBIL Score Required for Car Loan in Shivpuri

Apply for a Car Loan

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Shivpuri so that they can minimize the risk of lending to you and also if your CIBIL score is high you get an interest rate at a much lower interest rate than others. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Shivpuri Contact Number

You can get a car loan Shivpuri easily from Dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Shivpuri

Car Loan EMI Calculator

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