Car loans are given by Jharkhand Gramin Bank when the customer needs money to buy his/her dream car. Paying the whole amount is usually very difficult and even if it’s possible it becomes difficult to finance your other needs.
There are low and attractive interest rates offered by <bankname> car loans. You can get 100% of the on-road price if you have a good credit score. You can get a tenure of up to 7 years, you can even get a tenure higher than 7 years, but it isn’t advisable to do so as you would be paying a lot of money as an interest to the bank.
The car that you will be purchasing will be put up as security for the loan because then you can’t sell your car before you pay off the loan completely as it is in the bank’s possession.
You can visit dialabank for more information regarding the Jharkhand Gramin Bank car loan or you can one of our officers guide you through the entire process.
- You can visit the nearest Jharkhand Gramin Bank branch.
- You can call them on their customer service number.
- Or you can visit dialabank and apply for the Jharkhand Gramin 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.
✅ 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.
Table of Contents
- 1 Jharkhand Gramin Bank Car Loan Features
- 2 Jharkhand Gramin Bank Car Loan Eligibility
- 3 Jharkhand Gramin Bank Car Loan Documents Required
- 4 Jharkhand Gramin Bank Car Loan Approval Process
- 5 FAQs on Jharkhand Gramin Bank Car Loan Approval Process