Best Banks for Car Loan in Baloda

Car Loan Baloda Features

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Purchasing a car from your pocket is a difficult task for the single earner of the family, but there is a saying if all of the doors are shut there is always a ray of hope. Thus, Car Financing is the best way to attain cash in a short time. It is a better way to arrange funds to purchase the dream car with ease.

We offer car loans starting at an attractive rate of interest to both self-employed as well as salaried individuals. We offer car loans on new and used cars.

Some key features of car loan in Baloda are the following:

• Easy monthly repayment options are accessible for you.
• Instant car loan available
• Loan Tenure duration is up to 7 years
• There is a provision of affordable interest rates offers to fulfill your desires.
• There are no hidden or extra charges for assistance.

Car Loan Baloda Interest Rates

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

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Car Loan Baloda Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest 3-month salary slip with form 16
3. Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

For Self Employed Individuals:

1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest ITR
3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

Car Loan Baloda Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: At least 3 years in business
4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Baloda

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Baloda

CIBIL Score Required for Car Loan in Baloda

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is taken into consideration as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your Car Loan Baloda. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score can lead to rejection of your loan as it is the first thing a bank tracks before processing your loan. Your record of previous loans is taken into consideration for a Car Loan Baloda. If there are any delay payments for previous loans, it will create a barrier for availing of a fresh loan.

Car Loan Baloda Agent Contact Number

Apply online with Dialabank and avail of the best offers on a car loan with instant approval and extra benefits or you can make a missed call on this number 9878981166.

Our customer care representative provides you the guidance and assistance to solve your queries about car loans.

Pre Calculated EMI Table for Car Loan for Baloda

Car Loan EMI Calculator Baloda

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About Baloda

Baloda is a town and Nagar panchayat in the Janjgir-Champa district in Chattisgarh state, India. 

As per the 2011 census, it had a population of 13,630.

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