Some Quick Facts
Purpos
We provides car loans for purchase of new and used passenger cars, Multi Utility Vehicles (MUVs) and SUVs.To avail R.B.D car loan.
Rate of Interest & Loan Amount
the borrower should be in the age group of 21 - 65 years with regular employment, self-employed or professional with history to substantiate. The minimum annual income required to qualify for car loan is Rs. 2,50,000/-.
Eligibility
Being unsecured in nature, lenders have stricter norms regarding eligibility and sanctioning of personal loan. But some of the basic eligibility criteria the applicant must fulfill are:
EMI & Repayment
Most lenders will require borrower to repay the loan within a period of 12 to 60 months maximum. The borrower can repay the loan by paying regular monthly installments also known as Emi or Equated Monthly installments.
Fees and Charges
We charges 0.51% of loan amount as processing fee however the minimum fee is Rs. Rs 1020/- and the Maximum is capped at Rs 10200/-. we does not charge any penalty for foreclosure of car loan for new vehicles.
Documents
Documentary proofs required may vary from customer to customer and the financial institute may ask for more documents, if required.
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