Major Car Loan Providers in Karwar
Car Loan Karwar Features
The car has become an indispensable part of everybody’s’ life. Without it, no one can imagine his life to run smoothly. But buying a car requires a huge amount of financing and it is quite difficult to arrange finance in limited income. Auto Financing is the best way and a beneficiary method to avail cash in a short period of time.
We provide loans on new as well as used cars. We provide car loans at an attractive rate of interest of 8% p.a. to both salaried and self-employed individuals.
Features of car loan in Karwar 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 Karwar Interest Rate
Check the Car Loan Interest rates for used cars:
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 Karwar 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 Karwar Eligibility Criteria
To obtain the loan amount, a person must meet the Eligibility criteria for car loan.
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 KarwarTABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Karwar
Cheque Bounce Chgs
Floating Rate of Interest
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Karwar
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 Karwar Contact Number
For more information on a car loan in Karwar, you can drop us a call at 9878981166.
Pre Calculated EMI Table for Car Loan Karwar
Car Loan EMI Calculator
Karwar is a district in the state of Karnataka.Karwar banks on the west coast of Southern India at the mouth of the Kali River.Karwar is famous for its Karwar beach, INS Chapal Warship Museum, and Rabindranath Tagore beach.
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