Car Loan Jaitu

All About Car Loan Jaitu

Owning a car is like prestige in today’s time, and anyone can avail this prestige by the help of Car loan. It is a secured loan, and you can get a car loan easily if you have a good CIBIL score and financial background.

What is a Car Loan?

Car is a dream for every person; everyone wants that their family can go places altogether under a single roof without the hassle of dust, sunlight, rain, etc. Overall car is a safe option for traveling with proper comfort and many facilities, so everyone wants to own a car.

But owning a car isn’t that simple as it doesn’t come in a few pennies. A standard Hatchback car can cost you a minimum of 5 lacks, and it is not possible for everyone to manage this big amount altogether.

But here we make owning your car simple by the help of Car Loan where just by fulfilling a few processes you can have your dream cat at your home.

Features and Benefits of Car Loan Jaitu

1. A car loan helps you purchase a better car than the one that you can buy with your savings.
2. It helps you to buy your car without spending too much time in saving for that car.
3. Car Loan is a secured loan where your purchased car is your security and in case of non-repayment of EMIs.
4. The loan amount depends on the income, credit score, and professional background of the applicant. It also depends on the car, and the rates may vary from bank to bank.
5. Banks generally provide 75%-80% finance on car loan depending on the profile of the applicant and for grade A applicant it may go to 100% finance.

Car Loan Jaitu Eligibility

There are various eligibility criteria to take a car loan depending on individuals i.e.

SALARIED

Profession: The person should be working in a government, private or MNC Company.

Eligible Age: The Minimum age to apply for a Personal Loan is 21 years, and the maximum is 60 years.

Minimum income: The person should be getting a minimum of 18,000p.m. Salary.

Work Experience: The applicant should have at least three years of working experience, and more than three months of experience in the current company.

CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.

SELF-EMPLOYED

Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.

Eligible Age: The minimum age to apply for a personal loan is 23 years, and the maximum is 65 years.

Minimum income:  The minimum revenue from business or the profession should be not less than 25,000p.m.

Work Experience: The person should have at least three years of his professional experience.

CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.

PARTNERSHIP FIRMS 

Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Minimum turnover: Turnover Rs. 4.5 lakhs.

PRIVATE LIMITED COMPANY

Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 pa for mid-sized and premium cars

Minimum turnover: Turnover Rs 4.5 lakhs

PUBLIC LIMITED COMPANY 

Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a for mid-sized and premium cars

Minimum turnover: Turnover Rs 4.5 lakhs

Car Loan Jaitu Documentation

Salaried

• Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
• Address proof: Ration card, Passport, Rent agreement, electricity/water bill.
• Last six months Bank statement & 3 months’ salary slip
• Latest form 16
• PAN card

Self-Employed

• Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
• Address proof: Ration card, Passport, rent agreement, electricity/water bill.
• Latest six months of Bank statement.
• Latest ITR along with computation of income along with P/L audited by certified CA for the previous two years.

Car Loan Jaitufor the agriculturist

 If the amount is Rs.10 lacks, then the farmer should have a land of about 3-5 acres, and he will get a loan to 65-75% of the total loan amount.

 If the loan amount is more than Rs. 10 lacks, then the farmer should own at least 20 acres of land. He will get the percentage of the loan amount depending upon his income and ITR.

Additional information about Car Loan Jaitu

1. The CIBIL of the applicant needs to be more than 700.
2. The loan is given for a period of 60 months to 84 months.
3. The minimum amount of credit that can be claimed by the applicant is Rs. 1 lakh.
4. Also, the top-up amount is twice the paid loan amount.
5. Car Loan is not given to constables.
6. The persons having CIBIL 0, 1, -1 are also considered right customers.
7. If the installment gets bounced, then the amount charged by the bank will be doubled for the respective month.

Car Loan Jaitu Interest Rate

The interest rate for a car loan depends from bank to bank and the profile of the applicant. But we provide your car loan with interesting and reasonably low-interest rates.

The interest rates start with 8.60% p.a. and may vary on the loan amount.

Car Loan Jaitu Fees & Charges

 For EMI Calculator click here:-

Leading Car Loan Providers (Click to Apply)

1. HDFC Car Loan
2. Kotak Mahindra Car Loan
3. Yes Bank Car Loan
4. ICICI Bank Car Loan
5. Axis Bank Car Loan
6. State Bank of India Car Loan
7. Canara Bank Car Loan
8. IndusInd Bank Car Loan
9. Others

Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.

 About Jaitu

Jaitu is a town of Faridkot district in state Punjab. The Banks and NBFCs are also willing to process the Car Loans in Jaitu as more as possible. Visit dialabank.com  and get assistance as soon as possible.