Places To Get Deals on car loan interest
Finding deals on car loan.
Whether your credit score good or bad ,if you need to find best dealership to work or a find lender don't worried all the problems solution we have i preferred you best banks.if you get auto loans , simple your interest rates is depend your credit score , largely a number between 300 to 850 on the credit scoring modles then what we do a simple way we have just simple your credit report are what build your score
How to build credit score ?
Five ways
● payment history
Submit your two to three month payment history Xerox simply to submit 35% of your credit score get it.
●Amount owed
Second amount owed is show your how much installment credit like mortgage ,personal loan and so on and revolving credit that you are using .you build 30% of your score
●length of credit history
If you have been using longer credit is better but you have new credit , typically you have lower score but lenders can tell lower score. You build 15% score
● credit mix
Credit mix is the mix of your installment credit and revolving credit you have . It's as a healthier credit score .you have also been use credit cards or loan debt score you get 10%.
● new credit
If don't apply credit cards but you have thin file of debt , it be better don't be worried you can apply and you also chance whenever you are apply for credit you are eligible. You build your score 10%.
Axis Bank car loan
Processing fees :
Rs 3,500 to Rs 5,500
Interest rates :
9.05% to 11.37%
Eligibility :
Age 18 to 75 years of age of individual, minimum annual income Rs 2.40 lakh (Two lakh Forty thousand)
Loan Tenure :
Up to 8 year you can take loan
Loan amount :
Minimum loan Rs 1 lakh 1,00,000
Features:
Individual and non individual can apply for this car loan.
Also borrowers can earn AXIS eDGE reward point on availabling the car loan
Some documents are required for this loan are income documents and bank statements wavier for pre approved customer and salary account customer of the bank.
Browwer can also enjoy special benefits of car loan like privee banking and priority banking and wealth banking customer of axis banks
Canara Bank
Processing fees:
O.25% of loan amount minimum Rs 1,000 ; maximum 5,000
Interest rates :
8.75% to 11.30%
Eligibility:
Age 21 to 65 year of age of individual and minimum annual income Rs 3,00,000( 3 lakh)
Loan Tenure :
Upto 7 year you can take loan
Loan amount :
No cap no maximum loan amount
Features:
Up to 80 to 90% of the total value of car loan available on the car loan from canara bank and this is inclusive registrations charges invoice value , life tax and insurance premiums etc
If you buy a new car costing upto rs 10,00,000 and rs 10,00,000 ( 10 lakh) and upto 25 lakh and above rs 25 lakh , you will need to pay 10% , 15% to 20% the loan amount respectively.
Also available borrowers can be purchased new or old car four wheelers
This car loan available by all the individual , professional, firm etc for hindu undivided families.
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