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Bakshi House 40-41 (Near Chiranjiv Tower), Nehru Place, New Delhi, Delhi 110019
07:30 am – 05:30 pm Mon-Fri

Request A Callback

Do you want to buy your dream car and increase your convenience? Are you looking for a perfect way to get a car for your family? Now is the time to indulge in finding and securing a car loan from a reputed service provider. Find and compare online car loans offered by the leading financial institutions in our portal. Request a callback from our representatives if you need further assistance to fixate on a suitable loan scheme for your future car.

Car Loan & Finance Online: Easy way to make your dream come true

Buying a new or old car is considered to be a milestone in a middle class family. Working hard every day seems to pay off when you own your first car and make your daily life more convenient. The car companies have also designed new schemes including offers and flexible payments so that a middle-class family can easily afford a car without causing a huge financial burden. This is where the concept of car loan comes in very handy.

The banking institutions have fabricated unique ways to avail a financial aid to the borrower in order to get a car and pay the price over a fixed course of time. The online car loan schemes from different lending institutions pave the way to a brighter future where a car owner can utilize the asset to gain more benefits without being obligated to pay a huge amount of money at once.

Car Loan Interest Rates

  • Upto 100% finance on ex-showroom prices.
  • Loan tanure upto 7 years.
  • It is not secured against any asset like home or gold.
  • Pocket friendly EMIs
  • Best Offers starting from 9.25%*.
  • Paperless approval from major banks.

Benefits of availing a car loan online

Searching online car loan gives you a lot of benefits. Using our portal, you will easily scout the various schemes offered by the banks, sometimes in collaboration with the car companies. On comprehensively navigating the loan schemes, you can compare them and find out the most suitable online car loan plan befitting your needs and capabilities.

The car loan repayment tenure ranges from one to seven years. In fact, a car loan online can also cover added values such as insurance, electronic appliances, gadgets, enhancements, etc.

Eligibility criteria for car loans

The eligibility criteria for getting a car loan are almost similar to that of the other loans’ conditions. Your eligibility will be determined by your income capability, repayment capacity, credit history, age, sex, employment status, etc.

Benefits of Car Loan

When you receive a Car Loan to cover your auto, you figure out how to keep your savings for additional current and future expenditures. Among the most significant auto loan advantages in India, the loan to be secured against the automobile itself. Therefore, you don't need to mortgage your house or other resources to receive a Car Loan. You also have to use your car as you're servicing the automobile loan duration, so a couple of years down the line you've added to your initial savings and also have the chance to have the automobile having paid off your auto loan entirely. This offers you the opportunity to reinforce important credit history by procuring a Car Loan and strictly sticking to the repayment procedure. A fantastic credit history, such as timely payments and cleared debts, enable you to obtain additional loans later on. Automobile loans, therefore, are a safe and specific means of buying your car.

Car Loan Characteristics

Automobile loans in India generally carry these characteristics:

  • An individual can select for used or new automobile loan depending on the requirement and the sort of automobile requirement. Though, the majority of men and women would rather have a Car Loan over new automobiles rather than the second hand ones.
  • Auto loan alternative in India, to get a bulk, is another alternative that allows them to buy an automobile that's far better than the one available within their funding because the auto loan approval is fast.
  • Automobile loans in India typically supply a predetermined rate of interest alternative whilst repayment via EMIs. This keeps you ensured of a predetermined repayable sum on a monthly basis to the vehicle loan, easing better budget preparation without disturbing your normal expenses.
  • Automobile loans in India tend to be simpler to avail compared to some other loans and entails simple documentation with clear directions and advice throughout the entire auto loan approval and sanction procedure.
  • Auto loan debtors can avail up loans to Rs. 1.5 cores, largely comprising of 100 percent of their vehicle's on-road cost.
  • Many banks possess reasonable EMIs within elastic tenure alternatives to provide on Auto loans.

The debt from the bank to avail a new or an old vehicle is known as a Car Loan. Buying a car is a dream for many as it is a most convenient way for a transportation and also a symbol of standard for many. But when comes to the price of the car, buying it is not a peice of cake. For this situation, the Car Loan from the bank is a nice idea. By a Car Loan, the sudden expense burden on your pocket is divided into the chunks in the form of EMIs and the burden is no longer a burden. Bank pays for your car and you pay the bank slowly month by month for a suitable tanure.

Car Loan may be of two types-Car Loan for a new car or Car Loan for an old car. Sometimes buying a second hand car is more preferable as compared to purchase a new one. Banks also provide the Car Loan for the old car at nearly the same interest rates. Although, The maintenance cost for the old car may be higher as compared to the new one but the depreciation rate will be lower for the old one.

Buy a New Car - Getting a fantasy car is no more a fantasy today. Banks offer up to the 100 percent of their ex-showroom cost for the chosen new versions. Apply online on the website and get hassle-free automobile loan in only some couple of days right into the seller's accounts.

Buy an Old Car  -  Occasionally getting an old automobile is significantly more valuable than purchasing a brand new one. Banks also supply auto loans to the aged, second-hand automobiles. The depreciation rate is reduced on an older car than a new car, even though the upkeep cost is high when compared with the original.

Some Things Which You Should Remember about auto loans

Every lender has different strategies together with their loan, and consequently, their Interest Rates vary considerably from one another as shown in the table below. The interest levels have a whole lot to go along with your credit history. In case you've got a higher credit rating, then you're more inclined to acquire a loan readily at a lower rate of interest. Thus, you must always cover your EMIs punctually to keep a fantastic credit history.

CAR Loan Online - FAQ

What can be the maximum loan duration?

The Car Loan duration can be varied from 1 to 7 years. The minimum and maximum limit extension may be allowed on a case by case basis, but it is rare.

How much time it will take to disburse the loan amount?

Normally, Banks disburse the loan amount within 7 working days from the loan application date. Once approved, the borrower gets the money deposited automatically into his saving account or into the account of the car seller's account by any electronic means.

How much money can one borrow?

The loan amount is based on the model and value of the car and also the condition whether it is a new or old one. The loan amount varies up to the 100% of ex-showroom prices of the car for the selected models.


Apply Online for Car Loan

Maximum APR (Annual Percentage Rate) 10.50% - 22%.
Fee applicable for PolicyDigi Online Home Loan Rs 0.

 

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