Car Loan Ratlam

Best Banks for Car Loan in Ratlam

Car Loan Ratlam Features

Car Loans are the most popular and widely chosen option by the people when it comes to purchasing a car owing to a monetary shortage. It is pretty easy to finance your car using a car loan as all the major banks and NBFCs provide car loans at reasonable interest rates and minimal documentation. In case any individual to buy a preowned or a used car, they can do seek finance using a used car loan.

To avoid any hassle and wastage of time, visit Dialabank to get a fast loan disbursal.

Car Loan Ratlam 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 Ratlam Documents Required

Documents required for car loan are as followed:

For Salaried Employee

1. Income Proof: It is  necessary to provide the latest 3-month salary slip with form 16
2. Identity Proof:  ID like Passport copy, PAN Card, Voters ID card, Driving License to verify identity
3. Bank Statement: The last six months’ statement to be submitted by the applicant is strictly required
4. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

For Self-Employed

1. Income Proof: Latest ITR proof of the firm by the applicant is required
2. Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
3. Bank Statement: The last six months’ statement.
4. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

Car Loan Ratlam Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

1. The individuals should possess a minimum of 1-year experience in the current employment and a minimum of 2 years of employment experience from past
2. The minimum age requirements are 21 years.
3. The applicants should not be more than 60 and 65 years at the time of closure of tenure
4. Minimum Annual Income: For such applicants, Rs 100000 net annual income is important to mention.
5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Ratlam.

For Self Employed

1.  At least 3 years in operating business is mandatory
2. The minimum age requirements are 30 years for the applicant
3. The applicants should not be more than 60 and 65 years at the time of the closure of the loan tenure.
4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars.
5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Ratlam.

Car Loan for Major Car Manufacturers in Ratlam

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Processing Fees & Prepayment Charges on Car Loan Ratlam

CIBIL Score Required for Car Loan in Ratlam

One of the most important aspects considered while approving for a loan by the banks is the CIBIL score. CIBIL score signifies the individual’s credit behavior with regards to lending and repayment of the previous loans. Generally, a score above 750 is considered to be decent. This basic minimum varies from bank to bank.

The credit history of any applicant shouldn’t have any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a convenient loan approval process.

Car Loan Ratlam Contact Number

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To avail instant car loans you can visit our website Dialabank or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Ratlam

You can calculate your EMI here: Car Loan EMI Calculator

About Ratlam

Situated in the state of Madhya Pradesh, Ratlam is a city filled with food enthusiasts and cultural relevance.

The purity of the gold found in Ratlam is popular nationwide and the saree market is well known in the market.

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

Car Loan EMI Calculator

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