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 in Jaipur to meet your fund requirement. Having a four-wheeler is everybody’s dream, don’t remain your dream car in your dreams only. Get a Car loan online in Jaipur, from our best car loan agency in Jaipur at a low interest rate. You can compare or calculate car loan from car loan calculator.
With interest rates as low as 7.25% p.a. and repayment tenure of up to 8 years, you can find the most suitable vehicle loan for your needs at Munafawala. You can take the loan for 90% to 100% of the on-road price of the car.
It is vital that you maintain a good credit score when you apply for a Car loan in Jaipur. Apart from the loan getting approved quicker, lenders will offer low interest rates if your credit score is good. To Avail car loan in Jaipur, their is some eligibilty ceriteria like no previuous loan dues, good credit score, a proper flow of income and many more. Which you can discuss with our car loan agents in Jaipur.
When it comes to a big purchase – for example a car, we often resort to loans for the financing of the same. Both personal loans and car loans are two of the biggest and most common financing options that are availed by consumers.
Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.
Munafawala-Loan Company offers new car loan at fair interest rates and adjustable repayment terms.Fast sanction, personalised service and absolute transparency in new car loans.
Munafawala-Loan Company 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. Munafawala-Loan Company offers you car loan at basic interest rates and flexible EMI for repayment.
Munafawala-Loan Company 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.
| Bank Name | Car Loan Interest Rates | Processing Fee |
|---|---|---|
| Bank of Baroda Car Loan | 7.25% p.a. onwards | 0.50% of loan amount up to a maximum of Rs.10,000 plus GST |
| Canara Bank Car Loan | 7.30% p.a. onwards | 0.25% of the loan amount, subject to a minimum of Rs.1,000 and a maximum of Rs.5,000 |
| Axis Bank Car Loan | 8.70% p.a. onwards | Minimum of Rs.3,500 and maximum of Rs.5,500 |
| Federal Bank Car Loan | 8.50% p.a. onwards | Contact the bank |
| SBI Car Loan | 7.70% p.a. onwards | Rs.1,000 plus GST onwards |
| ICICI Bank Car Loan | 7.90% p.a. onwards | 0.5% of the loan amount |
| HDFC Bank Car Loan | 7.95% p.a. onwards (Rack interest rate) | 0.4% of the loan amount |
| Car Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 7.25% onwards |
| Processing Fees | Starts from 0.230% of the loan amount |
| Loan Tenure | 1 year to 8 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
| Key USP | Bank | Features |
|---|---|---|
| Loans for Luxury Cars | HDFC |
|
| 100% On-Road Financing | ICICI Bank |
|
| Designed for professionals and agriculturalists with no Income Proof | State Bank of India |
|
| Small Loans | Axis Bank |
|
| Free Personal Accident Insurance | Federal Bank |
|
| Low-Interest Rates for Used Cards and New Cars | Canara Bank |
|
Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.
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 maximum amount of loan that you can avail to buy a car will vary from lender to lender. Most banks offer financing up to 90% of the on-road price of the car but there are some banks such as HDFC Bank, ICICI Bank, etc., that offers financing for up to 100% of the car’s on-road price.
Yes, you can prepay the entire car loan and save on vital interest payments in the future. However, most banks will allow the pre-payment option after you have chalked off 6 months on your loan tenure. Plus, you will be expected to pay a small fee as pre-payment penalty that will be dependent on the leftover loan amount.
Unless otherwise specified, almost all small to medium sized cars, Commercial Vehicle Loan, Sports Utility Vehicles (SUV) and Multi Utility Vehicles (MUV) come under the purview of car loans available in India. However, as mentioned, refer to the loan brochure for exceptions to this rule.
Almost all car loan products available in India are secured loans, with the procured vehicle itself acting as the customary security. Most lenders in India will not insist upon any guarantors; however, if your annual income does not match up to the expected requirement, then you may be expected to sign-up a co-applicant and/or guarantor.
Repayment tenures usually range from 12 months to 84 months (1-7 years).
Now apply for a Car Loan online, All you need to do is provide your details below application form.
