Car Loan Kharar

Best Banks for Car Loan in Kharar

Car Loan Kharar Features

Planning to buy a car? Do not have sufficient funds for it? If yes, then you can consider availing a Car Loan. It is a finance scheme that offers cash to people required for buying a car. The loan amount acquired through this system can be utilized for buying any car according to need.

Features of car loan in Kharar 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 Kharar Interest Rates

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

Car Loan Kharar Documents Required

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 Kharar Eligibility Criteria

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

Car Loan for Major Car Manufacturers in Kharar

Processing Fees / Prepayment Charges on Car Loan Kharar

CIBIL Score Required for Car Loan in Kharar

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 Kharar Agent Contact Number

For more information regarding the car loan in Kharar, you can call us on 9878981166 or visit our website DialaBank.

Pre Calculated EMI Table for Car Loan Kharar

Car Loan EMI Calculator Kharar

About Kharar

Kharar is a city and a municipal council in the Mohali district in the state of Punjab. Kharar is often referred to as Greater Mohali, which is famous for the Thunder zone and VR Punjab mall. Nearly 60% of the people here are Sikhs making it the second Sikh majority town in the Greater Mohali. There are many educational institutions established from Colonial period till post-independence of the place.

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