Car Loan Kanker

Best Banks for Car Loans in Kanker

Car Loan Kanker Features

The car is a commodity that protects from you bad weather and even takes you on the ride of your favorite destination. All these benefits make a person buy the car at any cost. A car Loan is the best loan option available to fulfill your dreams. It offers flexible loan terms and conditions, and It is a secured loan with the minimum documentation process. To fulfill your requirement of buying a car at affordable interest rates, apply for a car loan with Dialabank. It is a secured loan and will help you in arranging the necessary funds to buy the new or old car at low interest rates.

Some of the features of car loan are:

• Up to 90-95% of the funding available for new cars
• Up to 80-85% of the funding available for used cars
• The loan period is usually between 1 to 7 years.
• The interest rate is calculated on the basis of compound interest.
• Equated Monthly Instalment is worked out for repayment.
• Early settlement of the pending amount is available subject to the pre-payment penalty.

Car Loan Kanker Interest Rate

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

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Car Loan Kanker Documents Required

Documents required for car loan are as followed:

For salaried:

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
• Income Proof: Latest 3-month salary slip with form 16
• Address 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:

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

Car Loan Kanker Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

• 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:

• 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 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Kanker

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Kanker

CIBIL Score Required for Car Loan in Kanker

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 considered 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 loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Kanker Contact Number

To avail a car loan or for any kind of support, give us a call on 9878981166

Pre Calculated EMI Table for Car Loan Kanker

Car Loan EMI Calculator

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