Purvanchal Bank Car Loan Approval Process

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Purvanchal Bank Car Loan Approval Process

Purvanchal Bank Car Loan Features

Buying a car is a dream all of us have in mind. But it is not easy to buy a car in cash as it could cost you all your savings which you would have used for some other purposes or in some cases you just don’t have the budget to match with the car of your choice. Here, a car loan seems a better idea. Purvanchal Bank Car Loan Approval Process is quite easy and instant.Purvanchal Bank Car Loan Approval Process

Purvanchal Bank Car Loan has many attractive features and benefits:

  • Lower Interest Rates: Purvanchal Bank provides you with a car loan with interest rates starting from 7.00% onwards.
  • Flexible repayment tenure: Purvanchal Bank provides 1 to 7 years of repayment tenure so you have the option to choose a tenure according to your convenience.
  • Instant Loan approval: Purvanchal Bank Car Loan Approval Process is instant that means your loan will be approved within hours, as per your eligibility.
  • Easy Documentation: Availing of a Car loan requires very little documentation. The bank will just have to verify your repayment ability.
  • Less down payment: Purvanchal Bank funds up to 90% of the on-road price of the vehicle.

To know more about car loans you can visit here.

Purvanchal Bank Car Loan Eligibility

Purvanchal Bank Car Loan Documents Required

Purvanchal Bank Car Loan Approval Process

Purvanchal Bank Car Loan Approval Process is straightforward:

  • Visit the nearest branch of Purvanchal Bank.
  • Fill up the Car loan application form provided by the bank with personal details and required credentials.
  • After the form, you will have to submit all the documents required by the bank for verification.
  • The bank will review your application and if everything is in place, the bank will approve your loan within a few hours.
  • After approval, the amount will be disbursed in your account and you can carry on with your purchase.

FAQs on Purvanchal Bank Car Loan Approval Process

✅ What are the documents required by Purvanchal Bank for approval of the loan?

The bank just needs some basic documents for the verification, some of the important documents include Identity proof, residential proof, salary slip, and car quotation. There are several other documents that you need to have all of them are discussed above in detail.

✅ Can I get a car loan for a pre-owned car?

Yes, you can avail of a car loan even for a pre-owned car. Narmada Jhabua Grameen Bank provides a loan amount of up to 80% of the value of a car.

✅ Do I have to pay any foreclosure charges for the repayment of the loan?

You will have to pay around 5 percent of the remaining principal amount as a foreclosure charge if you want to repay the loan amount.