A car loan is a great way to drive your dream car without making the complete payment upfront. 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.
A car loan is a great way to drive your dream car without making the complete payment upfront. 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.
A used car loan is a variable of car loan. Its a type of secured loan where the loan borrower has to keep his/her car as collateral to bank/NBFC against the loan. By taking this loan one can buy an expensive car easily. The price of a second hand car is always low compared to its price when it was bought as a new car. By taking a used car loan one can buy an expensive luxurious car in lower rates.
The price of the car is decided as per its current cost on road and its condition. With a strong credit score and proper documentation one can easily get a used car loan from a leading bank/NBFC in Mumbai. They provide 60% to 70% finances as per the current on road value of the car. The maximum tenure for a used car loan is 5 years (60 months) and the interest rate starts from 15.50%*.
The car loan is the great way to drive your dream car without having to make the complete payment upfront. Some other features which make car loan tempting are:
• Flexible contract terms & comfortable tenure of loan i.e. up to the 7 years.
• Competitive & attractive interest rates for car finance.
• The tax deduction can be applicable if a vehicle is used for the business purposes
• Almost everyone with the Permanent Income may apply for the car loan/ auto loan.
• Some banks offer up to the 100 percent of car finance on the ex showroom price & normally up to the 85 percent of car finance on the ex showroom price is available.
• Very less processing fees & prepayment charges
Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.
Grow Finance offers new car loan at fair interest rates and adjustable repayment terms.Fast sanction, personalised service and absolute transparency in new car loans.
Grow Finance offers new car loan at fair interest rates and adjustable repayment terms.Fast sanction, personalised service and absolute transparency in new car loans.
With no income documents required, getting a loan couldn’t get any easier. Grow Finance offers you car loan at basic interest rates and flexible EMI for repayment.
Grow Finance also grant different loans like Home loan, Personal loan and Educate loan at fair rate of interest and flexible EMI. For more detail you can check our loan products.
All loans are not created equal, personal loan has become a great option for people to use.
Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a Car loan. Eligibility for car loans differ based on a various criteria set by the lender considering the borrower’s profile. Some of them are as follows
Minimum age of Applicant : 21 years
Upwards Rs.10,000 p.m
For Salaried or Self-employed 3 years total experience or years in business or profession, 2 years in the current post or business or profession
Old vs. New : affect the loan amount
Affect the loan amount
Approved model
Urban or Semi urban or Rural 1 year stay at the current residence
Maximum age of applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs 15,000
Applicant should have the bank specified credit score.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
The list of documents for availing a used car loan changes whether you’re a salaried applicant or a self-employed professional/ businessman. The process of getting a used car loan in Mumbai can be made easier if you know exactly what documents you need to submit with your application. The documents are filed according to the eligibility criteria of the loan borrower. The list of required documents differs from loan lender to lender. But we have given a generic list of required documents below:
It is not mandatory to apply for a bank account before taking a loan from it. But if you have an account with the bank, you become eligible for a relationship discount. Some banks also provide you additional services along with relationship discount.
It is not mandatory to apply for a bank account before taking a loan from it. But if you have an account with the bank, you become eligible for a relationship discount. Some banks also provide you additional services along with relationship discount.
For your loan-related queries, you can call our representative on +91-879-125-1454 or mail us at info@growfincorp.com
Now apply for a Car Loan online, All you need to do is provide your details below application form.