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Car Loan Zira

    Car Loan @ 8.10%*

    Apply Now & Get Instant Approval

    In a country like India, most of the people use car to reach their destination. It becomes a necessity for people. So by considering it, banks started providing a car loan to every individual who needs money to buy the car. It is a secured loan with the lowest rate of interest and flexible repayment options. Apply for a car loan with lendingwale and get services like instant approval, less processing fee, etc.

     

    Interest rate of Car Loan Zira

    Banks charge different interest rates, and these are:

    Firstly, the interest rate charged on amount 1-3 lakhs is 10.26%.

    Further, For the amount of 3-10 lakhs, the interest rate is 10%.

    Also, the interest rate of 9.25% is charged by the banks on the amount of credit from 10-20 lakhs.

    Lastly, for the amount above 20 lakhs, the interest rate is 9.75%.

     

    Eligibility for Car Loan Zira

    Self Employed Applicant:

    Firstly, the income of the applicant should be more than Rs. 30,000.

    Also, the age of the applicant should be more than 30.

    Furthermore, if the applicant’s age is not 30, then he can have a co-applicant whose age needs to be more than 25.

    Lastly, the individual must have been in business for more than 2 years.

    Salaried Applicant:

    Firstly, the income of the salaried client needs to be more than Rs. 25,000.

    Next, the age of the client should be more than 21.

    Lastly, the salaried applicant should be working for at least 2 years with a minimum1 year with the current employer.

     

    For Other Individuals

    Private Employees:

    If the salary of the individual is more than Rs. 25,000, then the loan is given on a 100% ex-showroom price.

    Government Employees:

    If the government employee has his own house and has a good CIBIL score, then the credit is given on 100% on road price.

    Internal Customer:

    1oo% on road loan is given if the client is from HDFC, Kotak, Yes Bank or Axis bank.

     

    Foreclosure Charges

    If the client closes his loan before the tenure of 2 years, then the bank charges up to 4%. Also, there will be no Foreclosure charges if the applicant pays the loan after 3 years.

     

    Documentation for Car Loan Zira

    Following documents are needed in case the client has their own house:

    Salaried Applicants:

    Id Proof: Pan Card, Aadhaar Card, Voter ID card

    Income Proof: 3 months service slip

    Address Proof: Electricity Bill, Telephone Bill / Aadhaar Card

    Bank Statement: 6 months of bank statement

    Car quotation

    Self Employed Applicant:

    Id Proof: Pan Card, Aadhaar Card, Voter ID card

    Income Proof: 3 months service slip, 2 years ITR (which must be of Rs. 2.5 lakhs or more per year)

    Address Proof: Electricity Bill, Telephone Bill / Aadhaar Card

    Bank Statement: 6 months of bank statement

     

    Following documents are required in case the customer is living in a rented house

    Salaried Applicant:

    All the documents are the same as stated above, and you just need to have an additional rent agreement.

    Self Employed Applicant:

    All the documents are same; the customer only needs to have a rent agreement as an additional document.

     

    Benefits of Car Loan Zira

    First of all, banks offer car loan for 5-7 years so that the client can choose the tenure as per his/her convenience.

    Also, you can easily apply online for a car loan with lendingwale.

    Next, the interest rate can be negotiated if the customer has a good CIBIL score.

    Moreover, the client does not need to keep any collateral with the bank. The car itself is the security for the bank.

    The client can freely choose the type of interest rate, which can be floating or fixed.

    Furthermore, the procedure for claiming the car loan is straightforward and simplified.

    Lastly, the client can modify the car according to his/her wish and use the car without any hesitation.

     

    Additional Information

    Firstly, the applicant needs to have a CIBIL score above 700.

    Also, the loan is given for tenure of 60 months to 84 months.

    And, the minimum amount of credit that can be claimed by the client is Rs. 1 lakh.

    Also, car Loan is not given to constables.

    Furthermore, the clients having CIBIL 0, 1, -1 are good customers.

    Lastly, if the instalment got bounced, then the bouncing amount charged by the bank will be doubled for that particular month.

     

    About Zira

    Zira is a town in the district Ferozepur of Punjab state, India. It is very beneficial for an individual to take Loan from us, all you have to do is to visit lendingwale website.