Ujjivan Small Finance Bank Car Loan Features
Ujjivan Small Finance Bank helps you in realizing the dream of having your own car. You can purchase a new car or a pre-owned car if you want. Ujjivan Small Finance Bank Car Loan Approval Process is quite easy and instant. They provide 4-wheeler loans with an affordable interest rate so that you can pay off your EMI easily.
Ujjivan Small Finance Bank Car Loan has many attractive features and benefits:
- Lower Interest Rates: Car loans are secured loans, which means you have to pay a lower interest as compared to other types of loans. As of now, Ujjivan Small Finance Bank charges an interest rate of 7.05%.
- Flexible repayment tenure: Ujjivan Small Finance Bank provides up to 5 years of repayment tenure so you have the option to choose a tenure that seems convenient to you.
- Instant Loan approval: Ujjivan Small Finance Bank Car Loan Approval Process is instant that means as per your eligibility, your loan will be approved within hours.
- Easy Documentation: Availing of a Car loan requires very little documentation. Ujjivan Small Finance Bank just has to verify your repayment ability.
- Less down payment: Ujjivan Small Finance Bank funds up to 90% of the on-road price of the vehicle.
To know more about car loans you can visit here.
Ujjivan Small Finance Bank Car Loan Eligibility
Ujjivan Small Finance Bank Car Loan Documents Required
Ujjivan Small Finance Bank Car Loan Approval Process
Ujjivan Small Finance Bank Car Loan Approval Process is straightforward:
- Visit the nearest branch of Ujjivan Small Finance 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 Ujjivan Small Finance Bank Car Loan Approval Process
✅ 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. Ujjivan Small Finance Bank provides a loan amount of up to 80% of the value of an old car.
✅ What are the documents required by Ujjivan Small Finance 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.
✅ What is the repayment tenure offered by the bank on the car loan?
Purvanchal Bank offers you a repayment tenure of 12 to 60 months. You can choose the repayment tenure according to your convenience.
✅ Can I sell my car before the repayment of the loan amount?
No, you can’t sell your car until you get a NOC from the bank after paying off all your EMIs.