Every Indian dream of the astonishing invention called the car. The dream of owning the car is passed over from one generation to another. Everyone desires to get behind the wheels of a brand new vehicle. Buying a car is a perfect dream for a middle-class person. Car Finance is your best financial partner which will help you to cater your need of borrowing a car at affordable rates of interest.

Interest Charges for Car Loan

 

New Car Loan Interest Rate (Reducing) Used Car Loan  Interest Rate (Reducing) Processing Fee
9.20%* 13.75% Up to 36 Months 0.50%
17.20% Above 36 Months

 

Why should one choose Car Loan in Pondicherry?

  1. Easy monthly repayment options.
  2. Instantly available.
  3. Loan Tenure period varies from 5-7 years.
  4. Affordable Interest Rates.
  5. Easily and quickly available loans.
  6. No hidden charges.

Eligibility Criteria for Car Loan

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: For Salaried 1 year in current employment and minimum two years of employment / For Self- Employed at least three years in business
  4. Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
  5. Telephone: Must at the residence.

Documents you will need to submit

  1. Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License( Laminated, Recent, Legible)
  2. Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card
  4. Bank Statement: Last six months

About Pondicherry

Pondicherry or Puducherry is a city and municipality in the Indian territory of Puducherry. It is popularly known as Pondy. The city is also officially known by a name Puducherry.

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Bank of Baroda Car Loans
  3. Canara Bank Car Loan
  4. Indusind Bank Car Loan
  5. State Bank of Hyderabad Car Loan
  6. SBI Car Loan
  7. ICICI Bank Car Loan
  8. AXIS bank Car Loan
  9. IDBI Car Loan

Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.

 


 

 

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