Rajasthan Marudhara Gramin Bank NRI Car Loan

Rajasthan Marudhara Gramin Bank NRI Car Loan

Rajasthan Marudhara Gramin Bank NRI Car Loan

The demand for car loans from non-resident Indians has skyrocketed in recent years. This has been linked to two primary factors: the desire to search for high-end automobiles and, as a result, an increase in the number of visitors to India. As a result, an Indian person who lives overseas and works as a salaried skilled worker or as a freelancer qualifies as an NRI and is entitled for benefits.

Rajasthan Marudhara Gramin Bank NRI Car Loan Interest Rates 

Rajasthan Marudhara Gramin Bank NRI Car Loan Features

  • The loan amounts are reasonable. 
  • They differ, however, depending on the client’s financial position as well as the bank.
  • Clients that conduct business in their home country through branch or an online platform have the least amount of paperwork.
  • The LTV for new car might be as high as 90% or as low as ex-showroom pricing.
  • Because the term lengths range from one to five years, it is viable option for NRIs.

Rajasthan Marudhara Gramin Bank NRI Car Loan Eligibility

Rajasthan Marudhara Gramin Bank NRI Car Loan Documents required

Apply for Rajasthan Marudhara Gramin Bank NRI Car Loan with Dialabank

When it comes to getting loan against car, DialaBank is your best bet because:
  • We are India’s first money helpline, with long track record of providing great service.
  • We provide you with the most user-friendly online Car Loan schemes available in the market depending on your needs and assist you in selecting the best offer for you.
  • We provide you with door-to-door delivery and pickup service for your papers, saving you time and money.

FAQs on Rajasthan Marudhara Gramin Bank NRI Car Loan

✅ What happens if I Cannot pay my automobile loan in Rajasthan Marudhara Gramin Bank NRI Car Loan?

If you keep missing EMI payments on your car, your lender may issue you a letter demanding that you pay the outstanding sum on your personal loan. If you continue to default on your car EMIs, your loaner has the right to repossess your vehicle. It will be difficult for you to qualify for a loan or a MasterCard if you have a bad credit score.

✅ Can NRI purchase a car in India?

There aren’t any restrictions on NRIs shopping for an automobile or cars in the Republic of India.

✅ What will happen if I am not able to pay 1 month of EMI?

Defaulting on EMIs will lower one’s CIBIL Score and make it more difficult to obtain another auto loan in the future. 
In addition, if an EMI is not paid for 30 days after the due date, banks or NBFCs generally levy penalty of 1-2 percent of the EMI