What is Car Loan?
Want to bring home your dream car, but don’t have enough funds? Now, you don’t need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement. We can make this drive easy for you, apply for a car loan with deal4loans.com and become pride owner of your dream car. Carloan is a loan an Individual/Company can avail for purpose of
- Buying a New Car
- Buying a Used Car
- Loan Against your Existing Car
| Car loan banks | Interest Rates | EMI for 1 lakh upto 5 years | Processing fee |
| Axis Bank Ltd | 9.25% – 16.50% | Rs.2095 – Rs.2458 | Rs. 3500 to Rs. 5500 |
| HDFC Bank | 9.25% – 11.25% | Rs.2087 – Rs.2186 | Rs.2825/- to Rs.5150/- |
| ICICI Bank Ltd | 9.35% – 14.74% | Rs.2093 – Rs.2365 | Rs.2500/- to Rs.5000/- |
Personal Loan Eligibility
The personal loan eligibility criteria for salaried employee is as follows.
Minimum age of Applicant: 21 years
Maximum age of Applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs. 15,000 per month (minimum Rs. 15,000 – Rs. 20,000 in some banks according to their loan eligibility criteria)
Car Loan FAQ
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What is the loan amount that I can avail?
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What is the tenure available with these loans?
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Is the interest rate, fixed or floating?
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What is the mode of repayment?
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What do I need to do to avail a business loan?
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What is the eligibility criteria for a business loan?
Required Documents
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For Salaried Customers
- One valid Identity proof
- Latest six months Bank statements
- Latest Residence proof
- Latest three month Salary slip
- If required guarantors & their same set of documents
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For Self Employed Customers
- Three years ITR if more than 5 yrs in same business
- Profit & Loss Account , Balance Sheets & Audit report
- If company is Pvt ltd then MOA
- KYC of individual / company
- Six month bank statement
