Apply Car Loan online
Apply Car Loan online
What is Car Loan?
A car loan allows a buyer to buy the car of their dreams without spending lot of money upfront . Car loans are low interest, secured loans with short to mid tenures. The tenure may range anywhere from 2 to 7 years, depending on the loan amount and the repayment ability of the borrower. The financer usually secures the car loan by hypothecating the car.
What documents required for a car loan?
Below is the list of documents you are required to have to apply and get approval for car loans is here:
|
Documents |
Salaried |
Self-Employed |
|
Identity Proof |
Aadhaar Card/ Passport /PAN Card/ Voter ID Card /Driving License |
Aadhaar Card/ Passport /PAN Card/ Voter ID Card /Driving License |
|
Address Proof |
Passport/Aadhaar Card /Utility Bill/Rent Agreement |
Passport/Aadhaar Card /Utility Bill/Rent Agreement |
|
Passport Size Photograph |
2 passport Size Photographs |
2 passport Size Photographs |
|
Income Proof |
Latest 3 months Salary Slips and Form 16. |
Last 2 years ITR, |
|
Bank Statement |
Latest 6 months statement where your salary is getting credited |
Latest 1 year bank statement both current and savings. |
|
Property Documents |
Complete chain of property papers. (No property is required for pre-approval only) |
Complete chain of property papers. (No property is required for pre-approval only) |
|
Car Quotation |
Quotation of cost of the car selected from the dealer |
Quotation of cost of the car selected from the dealer |
How to Apply for Car Loan Online at Loan Markeet?
The procedure of applying is simple as the team here makes sure that you get the best deal. The expert advice is helpful in receiving lowest interest rates as per your eligibility.
|
Bank |
Interest Rates |
Maximum Loan Amount |
EMI per lakh for Max Tenure |
|
SBI Car Loan |
9.20% Floating |
85% of on-road price |
Rs. 1,619 upto 7 years |
|
ICICI Bank Car Loan |
10.75% Fixed |
100% of ex-showroom price |
Rs. 1,699 upto 7 years |
|
Kotak Bank |
11.50% Fixed |
90% of ex-showroom price |
Rs. 2,199 upto 5 years |
|
Axis Bank |
9.25% Fixed |
90% of ex-showroom price |
Rs. 1,478 upto 8 years |
|
IndusInd Bank |
10.65% Fixed |
85% of ex-showroom price |
Rs. 2,157 upto 5 years |
|
HDFC Bank Car Loan |
9.00% Fixed |
100% of ex-showroom price |
Rs. 1,609 upto 7 years |
|
United Bank of India |
8.95% Floating |
85% of on-road price |
Rs. 1,606 upto 7 years |
|
PNB |
8.75% Floating |
85% of on-road price |
Rs. 1,596 upto 7 years |
|
Central Bank of India |
8.90% Floating |
90% of on-road price |
Rs. 1,604 upto 7 years |
|
Andhra Bank |
9.25% Fixed |
85% of on-road price |
Rs. 1,622 upto 7 years |
|
IDBI Bank |
9.10% Fixed |
90% of ex-showroom price |
Rs. 1,614 upto 7 years |
|
Bank of Baroda |
8.80% Floating |
85% of on-road price |
Rs. 1,599 upto 7 years |
|
Bank of India |
9.10% Floating |
85% of on-road price |
Rs. 1,614 upto 7 years |
|
Bank of Maharashtra |
9.00% Floating |
85% of on-road price |
Rs. 1,609 upto 7 years |
|
Indian Bank |
9.40% Floating |
85% of on-road price |
Rs. 1,629 upto 7 years |
|
OBC |
9.05% Floating |
85% of on-road price |
Rs. 1,611 upto 7 years |
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