Car Loan Bangalore

Best Banks for Car Loan in Bangalore

Car Loan Bangalore Features

Today human life is unimaginable without automobiles. All of the automobiles cannot be in your reach unless you do not have decent funds for purchasing these vehicles. The car is a crucial vehicle as it helps you to reach early and gives you safety from bad and sunny weather. A personal vehicle is important to make our life secure. Car loan in Bangalore is very rapid, easy, and instant loans at low-interest rates.

A car loan is one of the best options to own your own vehicle. A car loan is one of the most familiar among people owing to the affordable terms of loans and competitive rates. It is an easy way to purchase a car without having uncertainty about money.

Car Loan Bangalore 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 Bangalore Documents Required

Documents required for car loan are as followed:

For Salaried:-

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

For Self Employed:-

• Identity Proof: Voters ID card, Passport copy, Driving License, PAN Card
• Income Proof: Latest ITR
• Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 6 months.

Car Loan Bangalore Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: 1 year in current trade and a least of 2 years of job
4. Minimum Annual Income: Rs 1,00,000 net annual income

For Self-Employed:-

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: at slightest 3 years in marketing
4. Minimum Annual Income: Net profit Rs. 60,000 p.a. for official cars and Rs.1,00,000 p.a. for mid-sized and superior cars

How to Apply for Car Loan in Bangalore?

Applying for a car loan is an easy and appropriate process. The fitting way to avail a car loan is by applying online.

1. Visit our website Dialabank.
2. Click on Car Loan under auto loans on the main page.
3. You will be directed to a page that requires you to fill up an online application form along with several other details.
4. Provide your current contact number so that our executives can get in touch with you for further guidance.

An offline method is also an option for applying a car loan which requires the applicant to physically visit the nearest branch office of the bank and perform the formalities.

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Car Loan for Major Car Manufacturers in Bangalore

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Processing Fees / Prepayment Charges on Car Loan in Bangalore

CIBIL Score Required for Car Loan in Bangalore

CIBIL score is a factor considered by the lending institutions before approving a car loan. All the institutions have their own minimum CIBIL score requirement. Generally, a CIBIL score above 800 and above will allow the individual to apply for a car loan.

It is important that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities for availing of a fresh loan in the future.

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Car Loan Bangalore Contact Number

To get an instant car loan in Bangalore you can visit our website or call on 9878981166 to get the best assistance. Our executives are well trained and will assist you in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Bangalore

About Bangalore

Located on the Deccan Plateau in the southeastern part of Karnataka, Bangalore is the third-most populous city in India. It is also one of the fastest-growing cities in India. It’s a hub of many well-recognized educational and research institutions in India. It is an ever-flourishing metropolitan city and known as Silicon city due to the emerging startups that can be found here. The total population of the city was 1.23 crores.

Special Note: Banks do not provide Car Loans to applicants with poor credit history, but one can fulfill their money requirement with Gold Loan easily.

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Car Loan EMI Calculator Bangalore