Janalakshmi Small Finance Bank Car Loan Features
Janalakshmi Small Finance Bank offers car loans to customers who need to purchase cars but do not have the finances for them, this is where Janalakshmi Small Finance Bank helps.
You can get up to 100% of the car price as a loan based on your credit score. You can get attractive interest rates for your loan and tenure of up to7 years with a chance to extend your tenure, but it isn’t usually advised.
The car you are buying will be put up for security as then, you can’t sell your car until the loan is closed completely i.e, the car is in the banks’ hands until it is fully paid off.
You can visit dialabank for more information regarding the Janalakshmi Small Finance Bank car loan or you can one of our officers guide you through the entire process.
Janalakshmi Small Finance Bank Car Loan Eligibility
Janalakshmi Small Finance Bank Car Loan Documents Required
Janalakshmi Small Finance Bank Car Loan Approval Process
- You can visit the nearest Janalakshmi Small Finance Bank branch.
- You can call them on their customer service number.
- Or you can visit dialabank and apply for the Janalakshmi Small Finance Bank car loan from there.
- After checking your credit score, and after the documentation is done your loan would be approved with a minimum of 85% of the on-road funding with an interest rate that would suit your requirements.
FAQs on Janalakshmi Small Finance Bank Car Loan Approval Process
✅ Can I pay my whole loan ahead of the end of the tenure?
All banks allow you to pay the rest of the loan prematurely if you so wish to do so, but this should be done after at least 6 months. Though you will be allowed to pay the loan back, it might cost you a bit extra as the bank will be losing interest.
✅ Is there a necessity for a guarantor?
There is no need for a guarantor unless you don’t fulfil the minimum income criteria of the bank.
✅ Can I negotiate my car loan interest rate?
You are allowed to negotiate your interest rate but it will depend upon your credit score i.e., your history with previous moneylenders.