Car Loan Guna

Best Banks for Car Loan in Guna

Car Loan Guna Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Guna Interest Rate

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Guna Documents Required

Documents required for car loan are as followed:

For salaried:

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

For self-employed:

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
• Income Proof:  Latest Income Tax Report of the applicant
• Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
• Bank Statement: Last 6 months bank statement of the applicantApply for a Car Loan

Car Loan Guna Eligibility Criteria

The car loan eligibility criteria requirements are as followed in Guna:

For salaried:

• The applicant should be a minimum age of 21 years old and a maximum age of 65 years
• The applicant should be 1 year in current employment and a minimum of 2 years of employment
• The annual income should be Rs.100,000 net annual income

For self-employed:

• The applicant should be a minimum age of 21 years old and a maximum age of 65 years
• The applicant should be at least 3 years in business
• The net profit should be Rs.60,000 p.a for standard cars and Rs.100,000 per annum for mid-sized and premium cars

Processing Fees & Prepayment Charges on Car Loan Guna

CIBIL Score Required for Car Loan in Guna

Apply for a Car Loan

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Guna so that they can minimize the risk of lending to you. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper car loan interest rate.

CIBIL score when higher helps to get a low level of interest rate on car loans.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Guna Contact Number

You can get a car loan Guna easily from Dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Guna

Car Loan EMI Calculator

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