Car Loan Valsad

Best Banks for Car Loan in Valsad

Car Loan Valsad Features

With plenty of car companies introducing various cars in the market, people are attracted to them because of their features. Thus, buying a car has become a dream for the typical person.

But limited income and overbearing expenses do not allow people to buy their favourite car. Auto Loan is the best way to buy your favourite car easily without a hassle. Get easy funding for your dream car.

Features of car loan in Valsad are:

• Easy monthly repayment options
• Instantly available
• Loan Tenure period varies from 1-7 years
• Affordable car loan interest Rates
• No hidden charges
• Quick approval with minimum documentation

Car Loan Valsad Interest Rate

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

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Car Loan Valsad Documents Required

Documents required for car loan are as followed:

For Salaried Individuals

1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: – Latest 3-month salary slip with form 16
3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

 For Self Employed

• Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
• Income Proof: – Latest ITR reports.
• Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 6 months.

Car Loan Valsad Eligibility Criteria

Car loan eligibility criteria Valsad differs for the salaried and self-employed in the following manner:

For Salaried Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment:  1 year in current employment and a minimum of 2 years of employment
4. Minimum Annual Income: Rs 100000 net annual income.

For Self Employed Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 65 years
3. Minimum employment: at least 3 years in business
4. Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Valsad

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan in Valsad

CIBIL Score Required for Car Loan Valsad

CIBIL score reflects your credit history of the past and your defaults in repayment of your previous loans. A credit score of 750 and above is considered significant as most financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score required for a car loan process. A Lower CIBIL score than 750 can attract a higher rate of interest.

A deficient CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Valsad Contact Number

For more information regarding the car loan in Valsad, you can drop us a call at 9878981166.

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Pre Calculated EMI Table for Car Loan Valsad

Car Loan EMI Calculator

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