Best Banks for Car Loan in Balotra
Car Loan Balotra Features
Thinking of purchasing a new car? But don’t have the required funds for it? Do not worry! A car loan is here for you. A car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a car, whether new or used.
Since cars have become a necessity for everyone, but the cost of cars is growing rapidly daily. This is where a car loan comes into play and fulfils your desire to be the owner of your dream car. The main features of a car loan in Balotra are:
- Car loans are available at low-interest rates
- Almost all major banks and NBFCs offer car loans in Balotra
- The documentation process is quick and hassle-free
- Car loans are easily available through DialaBank
Car Loan Balotra Interest Rate
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Balotra Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Balotra Eligibility Criteria
The car loan eligibility requirements are as followed:
You should be at least 21 years of age to apply for a car loan. The maximum age of a person should be 65 years at the time of maturity of the loan.
For Salaried: You should be having a minimum of 2 years of employment and you should be working for at least 1 year in your current employment. The minimum annual salary required is Rs. 100000 as net annual income.
For Self Employed: You should be in the business for at least 3 years. A net profit of at least Rs. 60000 p.a. should be there for standard cars and Rs. 100000 p.a. for mid-sized and premium cars.
Car Loan for Major Car Manufacturers in BalotraTABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Balotra
Cheque Bounce Chgs
Floating Rate of Interest
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Balotra
The Cibil score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Balotra.
This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount while if your CIBIL score is good then you may have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.
Car Loan Balotra Contact Number
In case of any queries regarding the car loan in Balotra, you may contact the number 9878981166 for any sort of assistance.
Pre Calculated EMI Table for Car Loan Balotra
Car Loan EMI Calculator
Balotra is located in the state of Rajasthan. The town is known for its hand block printing and textile industry and its annual desert and tribal fair at Tilwara. Its population is around 75000.
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