Car Loan Jaitu

Best Banks for Car Loan in Jaitu

Car Loan Jaitu Features

Car is a dream for most of us, thinking that the family can go places altogether under a single roof without the hassle of dust, sunlight, rain, etc. Overall, your own car is the safest alternative for traveling with maximum comfort and other facilities. Although, owning a car isn’t that simple as it doesn’t come at a cost. A standard Hatchback car can cost you a minimum of 5 lacks, and it is not possible for everyone to manage such a big amount in one go

Dialabank makes owning your car simple by the help of Car Loan whereby filling a form, you can have your dream car. Following are the features of a car loan Jaitu:

1. A car loan gives you an opportunity to purchase a better car which would have been a bit difficult with your own savings.
2. It helps you to buy your car at an instant without spending too much time in saving money for that purpose.
3. This loan is secured, as here your purchased car is your security against the non-payment of EMIs.
4. The loan amount depends on the income, professional background and credit score; also, these rates may vary from bank to bank.
5. Banks provide 75%-80% finance on a car loan, which depends upon the profile of the applicant. For grade A applicants it may go to 100% finance as well.

Car Loan Jaitu Interest Rates

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

Car Loan Jaitu Documents Required

A person should review the documents required for car loan before making a decision.

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Jaitu Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.

For Salaried Applicants

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

For Self-Employed Applicants

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

Car Loan for Major Car Manufacturers in Jaitu

Processing Fees / Prepayment Charges on Car Loan Jaitu

CIBIL Score Required for Car Loan in Jaitu

CIBIL score reflects your defaults in repayment of your previous loans as well as credit history. A score of 750 or above is considered as most of the financial institutions ask for a good credit score. A different criterion for a minimum CIBIL score has been set up by each bank, which is required to process further documents. A Lower CIBIL score than 750 can make you prone to higher interest rates.

As per the current scenario, anyone can avail the prestige of owning a car with the help of Car loan all across the globe. Anyone can get a car loan easily if with a good CIBIL score and financial background, as it is a secured one. A very low CIBIL score might lead to rejection of your loan as it is obvious for a bank tracks before processing.

Car Loan Jaitu Agent Contact Number

For any queries regarding the car loan in Jaitu, give us a contact on Dialabank or 9878981166.

Pre Calculated EMI Table for Car Loan Jaitu

Car Loan EMI Calculator Jaitu

About Jaitu

Jaitu is a historical city, a municipal council in Faridkot district in the Indian state of Punjab. It is a subdivision in Ferozepur Division, it is believed that a small village founded by Baba Jaitu and took its name Jaitu after him.

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