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Buying a car is not an icon of your position in society. It has become a need and necessity of this modern world. Purchasing a car is not a difficult task but can become troublesome when you do not have sufficient funds to borrow. Car Financing is the best way to cater to your need of buying a car with easy and simple loan procedures.
Interest Rates for Car Loan
|New Car Loan Interest Rate (Reducing)||Used Car Loan Interest Rate (Reducing)||Processing Fee|
|10.00%||13.75% Up to 36 Months||0.50%|
|17.20% Above 36 Months|
- Easy monthly repayment options.
- Instantly available.
- Loan Tenure period varies from 5-7 years.
- Affordable Interest Rates.
- Easily and quickly available loans.
- No hidden charges.
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: For Salaried 1 year in current employment and a minimum of two years of employment / For Self- Employed at least three years in business
- 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
- Telephone: Must at a residence.
- Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License( Laminated, Recent, Legible)
- Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card
- Bank Statement: Last six months
Vellore is a city and municipal corporation in Vellore district of Tamil Nadu state in India. In August 2008, the city became a Municipal corporation. The city lies on the banks of Palar River. The city is well known for famous hospital Christian Medical College and an institute called Vellore Institute of Technology.
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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