Car Loan Varkala

Best Banks for Car Loan in Varkala

Car Loan Varkala Features

As the development of our country speeds up, so does the development of roads. This increases the desire to have one’s own means of travel, but paying out of one’s own pocket isn’t always a viable option. This is where car loans help you. Dialabank assists you to acquire a car loan easily and on your own terms, for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. The features of car loans in Varkala are as follows:

• Car loans are available at low-interest rates
• Almost all major banks and NBFCs offer car loans in Varkala
• The documentation process is quick and hassle-free
• Car loan is easily available through DialaBank

Car Loan Varkala 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 Varkala Documents Required

Documents required for car loan are as followed:

For salaried:

• First and foremost, an identity Proof such as your passport copy, PAN card, voters ID card, driving license.
• Secondly, income proof which, for Salaried employees includes the latest 3-month salary slip with form 16
• It also required an address proof, any one thing among your ration card/driving license/voters card/passport copy/telephone bill/electricity bill/life insurance policy, or your PAN card.
• Lastly, your bank statements from the last 6 months will be required

For self-employed:

• First and foremost, an identity Proof such as your passport copy, PAN card, voters ID card, driving license.
• Secondly, income proof for Self-Employed, the latest ITR proof.
• It also required an address proof, any one thing among your ration card/driving license/voters card/passport copy/telephone bill/electricity bill/life insurance policy, or your PAN card.
• Bank statements from the last 6 months will be required

Car Loan Varkala Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

• The minimum age should be 21 years
• While the maximum age at loan maturity should be 60 years
• The minimum employment period for a salaried individual should be 1 year in current employment and a minimum of 2 years of total employment
• Lastly, the minimum annual income for a salaried employee should be Rs 100000 net annual income

For self-employed:

• The minimum age should be 30 years
• While the maximum age at loan maturity should be 65 years
• The minimum employment period for the self-employed should be at least 3 years in business.
• Lastly, the net profit should be 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 Varkala

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Varkala

CIBIL Score Required for Car Loan in Varkala

The CIBIL score is referred to as your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and facile, while a lower score can charge you higher interest rates. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Varkala. This score may again vary from bank to bank.

Car Loan Varkala Contact Number

In case of queries regarding the car loan in Varkala, you may contact the number 9878981166 for the best guidance!

Pre Calculated EMI Table for Car Loan Varkala

Car Loan EMI Calculator

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