Car Loan Sonipat

Best Banks for Car Loan in Sonipat

Car Loan Sonipat Features

A car loan is what allows an individual to fulfill his dreams of owning his own car. Since the prices of cars have raised in recent years, a car loan is not essential that anytime before. All major banks and NBFCs offer car loans in Sonipat at affordable interest rates and easy documentation. The main car loan features are as follows:

• Easy documentation
• Low-interest rates
• Quick Disbursal of loan
• Best service

Car Loan Sonipat Interest Rates

The car loan rate of interest in Sonipat change every time, again and again, so it’s important to analyze them. Your loan’s interest rate impacts the EMI amount you’re going to pay for every month. Furthermore, a lower interest rate can mean great huge savings. Our interest rate table can assist you in realizing the best ideal opportunity to purchase a car.

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

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Car Loan Sonipat Documents Required

Documents required for car loan are as followed:

For Salaried Individuals

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

 For Self Employed

• • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: – Latest ITR reports.
  • 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 Sonipat Eligibility Criteria

It is important to fulfill the following car loan eligibility in Sonipat as follows:

For Salaried Applicants

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

For Self Employed Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: at least 3 years in business
4. 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 Sonipat

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan in Sonipat

CIBIL Score Required for Car Loan Sonipat

CIBIL score plays an important role while getting a loan. In case your Cibil score ranges between 750-900, then you will get the quick loan approvals at an affordable rate of interest from the best car loan provider. But if the Cibil score is less than 700 then your application might even get rejected or not processed quickly. So, check your Cibil score before you apply for a car loan. If you have paid your EMIs on time in the past then your Cibil score will be higher. And if you do not repay Your EMI frequently your Cibil score will be reduced. The applicant has to pay monthly EMIs according to there schedule of the bank on the loan amount.

Car Loan Sonipat Contact Number

For instant help regarding instant car loan Sonipat or any queries, you may contact our executives on 9878981166.

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Pre Calculated EMI Table for Car Loan Sonipat

Car Loan EMI Calculator

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