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Every person dreams to have their personal car. For a single-earner of the family, it is quite difficult to arrange funds for buying a car for all of the family members. Car Finance is the best way to attain the cash in a small interval of time. It is a loan that can be availed with simple easy and 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|
Why should one choose Car Loan in Ludhiana
- 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.
Eligibility Criteria for Car Loan
- 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.
Documents you will need to submit
- 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
Ludhiana is the popular city in state Punjab of India. The richness of the city is by small scale industries. The city is known for Manufacturing Agricultural Implements. It is home to the largest agricultural institute. The major language spoken here is Punjabi.
Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.
|Other Leading Loan Options in Ludhiana (Click to Apply)|
|REMINDER SERVICES||EMI CALCULATOR|
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