Top 3 Best Car Banks Loan with special features
What is Car Loan ?
• car loan is a type of monetary help as like Financial assistance to taken purchase a Auto vehicle ( car and commercial vehicle) with minimal initial payment (instalments over a period of time with an agreed rate of interest) from your own pocket. Simple means a vehicle that being to brought.
What are the benefits of car loan?
• such situations like if you don't have the cash on your hand to brought a new car then car loan such a platform to help you buy it.
•To used it own private propose car to move one place to another place for your job propose and also visit on your comfort place
• you can buy commercial vehicle business proposes earn money from a lender to buy vehicle .
Top 3 banks
Union banks of India
An individual can take maximum loan amount of Rs 1.25 crore.
An individual Resident of Indians and also Non- Resident Indians are eligible
Eligible age of an individual 18 to 70 years of age
Loan Tenure:
You can take up to 7 ( seven) years
Interest Rate:
8.60% to 8.70%
Processing fees:
0.50% of loan amount ( max Rs.15,000 ) +Services tax .
• a person apply for a new car and also old car( upto 3 year) car loan scheme
• the browwer should meet the margin requirements of 15% yes of the 15% Auto vehicle on road price
• no prepayment penalties on closing loan early with your own fund.
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HDFC Banks
Loan amount:
An individual can take maximum loan amount of Rs 3 crore.
Age of an individual 21 to 65 years of age to be eligible
A person apply minimum annual income should be 3 lakh ( 3,00,000)
You can take up to 7 ( sever) year
Starting from 8.90% (please contact the banks for new updates rates).
0.40% of the loan amount (minimum Rs 3,000 and maximum Rs 10,000)
• bowwers can take car loan avail top-up loan without any documentation
•individual offered by suraksha kawch ( a comprehensive insurance) with the car loans
•comes with flexible repayment option in the form of step up EMI and balloon EMI.
State Bank Of India
An individual can take loan Minimum 2 lakh( 2,00,000 )maximum 4 lakh(4,00,000)
For SBI new car loan scheme - age 21 to 67 years of an individual and also minimum annual income Rs 3 Lakhs (3,00,000)
For SBI loyalty car loan scheme - age 21 to 65 years of borrower and also minimum annual income Rs 2 lakhs (2,00,000)
For SBI assured car loan scheme - age minimum 18 and no maximum age and also income declared by applicant will be acceptable
For SBI car loan lite scheme- age 21 to 65 year of age and annual income Rs2.5 lakh
You can take up to 3 to 7( seven) year
Interest rate:
8.80% to 9.50%
Processing fees
0.40% of the loan plus GST .Minimum of rs 1000 plus GST
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