Car Loan in Delhi is easily one of the most popular loan products. Almost 90% car buyers opt for Car Loan in Delhi. In fact it is very easy to go to the showrooms, select a car to buy, negotiate on the discounts 
and test drive. However the problem begins with the start of the car finance process. 

If you are a first time buyer - you are always worried about various things - 

• car loan interest rates, 
  
• car loan processing fee, 
  
• car loan tenure and EMI. 
  

Sometimes it becomes too annoying to even discuss about the exorbitant car loan rates and the huge amount of down payment that you need to deposit in order to get your dream car home. 

Then you think if every thing would have been pre set so that you would have not faced so much of trouble. In such a scenario, the Pre Approved Car Loan becomes very beneficial. You need not worry about the car loan approval, car loan interest rate, down payment of the car after you have decided which car you wish to purchase. 

A Pre approved car loan works in a manner -

• That allows you to decide which car you would purchase before you step out of your house for a test drive. 
  
• You are aware of the auto loan interest rates.
  
• You know how much down payment you need to arrange for.
  
• Your EMIs and the car loan tenure - both are known to you.
  

The best part of the Pre Approved Car Loan is that their is seldom a chance of dissapoinment that arises when your car loan gets rejected due to low credit scores or bad CIBIL scores. In Pre Approved Car Loan 
your credit scores are checked beforehand and hence the car loan is approved. All you need to do is to sign the Car Loan approval kit and drive the car home.

Pre Approved Car loan in Delhi is provided by several banks - HDFC Bank, ICICI Bank, AXIS Bank, Kotak Mahindra, etc. 

How do you get Pre Approved Car Loan offers?

Just call up the customer care of your bank and inquire about any existing Pre Approved Loan offers. If you have more than one bank account then call all the banks and inquire about it. If your transactions with the bank has been good and you have been holding the bank a/c for a long period then chances for an existing Car Loan offer is bright.

In case you do not know how to approach the bank for such an offer contact a good car loan agent. A good car loan agent in Delhi can be found easily. They can help you get easy auto loan with cheapest car loan rates.

In order to apply for a cheap car loan click here.

To know about your Pre Approved Car Loan Offers - Click Here or call 88000 90480

Car Loan in Delhi is offered by several vehicle finance companies. Some of the leading names in auto loan sector are - HDFC Bank, SBI car loan, ICICI bank car loan, Kotak car loan, etc. Apart from these companies there are several private finance companies too that offer auto loans. However, the car loan interest rate by these companies is a bit higher.

So, with so many companies and banks offering auto loan, is it tough to get car loan in Delhi? The answer is no - if you have all the required documents and a good car loan agent in Delhi. A car loan approval to a larger extent depends on the kind of paperwork you have furnished to your bank while applying for the auto loan. Then comes the role of the car loan agent who applies the car loan on your behalf. 

The usual paperwork required for applying a car loan are -

• Your ID card - Pan Card
• Your address proof - Voter ID or Electricity bill or telephone bill or water bill
• Income proof - Salary slips and Form 16 for employed and Income tax returns for self employed
• Bank Statement - 6 months bank statement
• Co Applicant - Co-applicant if required - Should have blood relation with the applicant
• Cheque - Bank cheques that is required in case the application gets approved

You need to submit the photo copies of the above mentioned documents and not the originals. The originals however, could be asked to be furnished during the final stages of the processing of the car loan.

After the completion of the paperwork comes the role of the Car loan agent and the services offered by the agent. There are numerous car loan agents in Delhi. You need to select a good auto loan service provider who can work for you and save your valuable time.

Car Loan Delhi NCR's team helps you to get easy car loan from the leading banks. We help you to get your dream car easily and quickly. 

To apply for a car loan visit - www.carloandelhincr.com

 

Transferring an auto loan is a good option to save your hard earned money.  To transfer a car loan to some other vehicle finance company is a smart option. There are numerous car finance companies and banks that provide relief to you by providing cheaper rate of interest for existing car loans.

The reasons for transfer of existing car loan to some other auto loan company can be many -

• Cheaper car loan interest by other companies.
  
• Payment term (Number of months that you need to pay car loan for).
  
• Car Loan service and follow up by the existing vehicle loan provider.
  
• You should simply not jump over the options to refinance your car (transfer the car loan). There are certain factors that should be considered and taken into account before you select a new car loan finance company. Some of them are -
  
• Determine the present value of your car as per market standards.
  
• Check the prevailing rate of interest for the transferring of the car loan and bargain well to get the best car loan rate.
  
• Choose the best car loan agent to get your auto loan transferred. It's always a good auto loan agent that can get you the best bargain in terms of car loan interest rate.
  
• Complete the car loan application and save the money.
  

To find the best car loan agent in Delhi NCR to transfer the existing auto loan click here
To know how to get the best car loan deal in Delhi NCR click here

Car Loan becomes a necessity in a big city like Delhi with the need to buy a car. Owing to the weather, pollution, and the distance that you may need to cover in this metro city makes your desire to purchase a car even more important. This need raises other requirement - Car Loan.

So if you have made up your mind to apply for a car loan, do a litle bit of research. A good research can get you the best car loan deal in Delhi/NCR. You can consider a few options mentioned here -

> If you are salaried ask your bank if you have a pre existing offer for auto loan in your salary account.
> If you are self employed you can ask your bank for a car loan offer in any of your savings account.
  (Banks usually provide you different offers - auto loan, credit card, etc which are disbursed petty quickly. So if you wish to get quick car loan then call your bank.)

> If you do not have any offer with your bank - inquire with a car loan agent. An auto loan agent can get you
cheap car loan as they deal with multiple banks and have latest knowledge about cheapest car loan interest rates.

> Else you may walk in to a nearby car dealer and ask them to help you get vehicle loan. The dealers have tie up with several banks. howver, they may not be offering you the cheapest car loan.

If you wish to apply for Car Loan in Delhi-NCR - Click Here.

Car Loan is the Most Popular Loan Product in India - Indian Express

Car Loan market is catching up in India with more than 80% car buyers opting for auto loan. With too many people opting for car loan there are equal number of banks and finance companies offering auto loan.
Hence, it becomes confusing as to which car loan company you should approach in order to get your car financed? 

In order to choose the best offer from a car loan financer, you should take these factors into account -
1) Interest Rate 
2) Your Budget
3) Down Payment
4) Third person Gurantor in few cases
5)Procesing fee
6)Foreclosure charges
8) Good car loan agent 

Interest Rate 

In car loan, interest rate plays major role as this determines how mush money would be outflowin from your pocket every month. There is a cut-throat competition among the auto loan lenders when it comes to interest 
rates. With big players such as - SBI and HDFC Bank ruling the car loan market. They have the least car loan rate of interest in the market. However, it is advised that you look for cheapest  car loan interest rates yourself.

Your Budget

It is very necessary that you determine a budget that you would be willing to spend on your car. It is strictly advisable that you fix your budet before applying with the car loan agent or bank. Unless you determine your budget you would not be able to figure out if you would be able to pay the EMI that would be applicable once your car loan is approved. 
Your budget may vary as per your needs and profile. Need, here, means your choice of car and profile means the auto loan amount that your bank would agree to sanction you depending up on your net or gross income, your age, your work experience, etc.

Down Payment

Down payment means the margin money that you are requireed to pay in order to take your dream car home after your car loan is sanctioned. This varies as per the choice of car you go for. This also imples that you must be ready to pay that amount of ash to the car dealer.

Third Party Guarantor for auto loan

This may happen sometimes that your bank may require a 3rd party guarantor for car loan approval. This usually happens if you have a bad credit history or you are too young with a few months of work experience or your income is too less. In such cases you need to arrange a third party guarantor to get your car loan approved.

Processing fee

Processing fee for car loan varies as per the auto loan providers - the banks and the finance companies. Some of the small banks charge high processing fee. So you need to conduct a survey of the auto loan market to find if your bank provides the auto loan for the least processing fee or not?

Forclosure Charge 

Forclosure of auto loan means closing your car loan before the fixed time period - that you pay back all the amount due to the auto finance company or bank. Some of the banks charge exorbitant rates for forclosure. You should therefore be sure that you survey well before you go ahead and file for a forclosure.

Good car loan agent

Many people do not pay attention to this, however, a good car loan agent can make your work very easy. An efficient auto loan agent can get quick car loan without any difficulty. Sometimes, your bnk may require you to visit branch or car showroom more than once. In such cases a good car loan agent comes handy.


If you wish to apply for apply for a car loan - Click Here

To attract new car buyers in this quarter - Nissan has come up with an attractive Auto Loan scheme for its car buyers. Introducing its 'Lower than Lowest' EMI scheme applicable on Micra and diesel variants of Sunny, Nissan India hopes to pull some buyers.

You may acquire the new Micra or Sunny with the ‘lower than lowest’ EMI scheme by paying 34% of the on road price of these models. Nissan declars that dosin so would reduce the EMI outflow of the customers by 40%. The catch is - You can pay Rs 8999 per month as EMI for 35 months and the 36th EMI would consist of the balance amount that remains. This Auto Loan scheme from Nissan motors comes for a 3 year period.

Banks such as HDFC, ICICI, Kotak Mahindra and Tata Capital are participating in this scheme.

With the car market consisting of few buyers this season, the Lower than Lowest EMI scheme from Nissan seems to be an attractive option for the car buyers - especially the young buyers - that wish to kep their Car Loan EMI to be less than Rs 10,000 a month.

This Lower than Lowest EMI scheme from Nissan is valid till 30th April, 2013.

There are several small or big banks and Non Banking Finance Companies that offer auto loan in India. One such less known bank is - Saraswat Bank. 

In order to get the best car finance offer prevailing in the market, you need to select a vehicle that fits your budget. Then you have to provide down payment as allowed by your budget. These two factors are responsible in getting your car loan approved and deciding the EMI and the rate of interest you would be paying.


Given here are the 4 main factors that decide how a bank or NBFC(Non Banking Finance Company) decides to give you an auto loan offer

1. Vehicle selection: cost, age and the segment of car such as A, B, C or D segment
2. Applicant's information: employment, residence, and income information
3. Credit history or CIBIL:information contained in your credit file or your CIBIL Score
4. Down payment that you decide on:cash that you can pay - this may vary as per your profile and segment of the car

To get the best car loan offer, you must select a vehicle that fits your budget. Then provide the best possible information as per your banking and finance history (Never conceal any glitches such as cheque bounces and non payment of credit card balance etc.) and then think of paying as much down payment as possible. These  factors increase likelihood of approval, also they cut on the time required for auto loan sanctioning, and reduce your monthly payment.

Factors affecting your monthly payment. Your monthly payment is determined by three major factors listed below in order of impact:

1. Amount financed
2. Term or length of contract
3. Annual Rate of Interest 

Amount financed depends on your profile and the amount of Down Payment you are willing to make. Higher the down payment lower would be the EMIs. 

Term or length of Loan depends on you, again. You may go for 3, 4 or 5 years for paying the home loan. Some of the banks in India also offer Car Loan for a period of 7 years. However, the rate of Interest keeps on rising as term for payment increases. 

Annual Rate of Interest depends on your profile - Usually the rate of interest is higher for the self employed as compared to the salaried people. Again, rate of interest may be lower for a government employee than that for a person working in a private sector company. Also, in Private sector the rate of interest is higher for the employees of a company not so well known or falling under a category of the banks that comes lower in the order than those coming higher in the rank or category.

So, you can be almost half sure as to what rate of interest you will get for Car Loan even before you apply for it.

Responding to the aggressive launch of Honda Amaze - Maruti has launched a new edition of their highly successful sedan - Swift Dzire. It will be called as Swift Dzire Regal. Priced competitively at Rs 5.60 lakh, it is expected to ruin the pomp and show that had accompanied, Honda's great launch.

The Maruti Dzire Regal would be launched in a sporty blue color, with advanced music system and leather upholstery. It's gonna be a better version of the Swift Dzire and would give it a tough fight.

Retail loans assets , vehicle loans in particular, are showing some signs of stress according to ratings firm CrisilBSE -0.68 % as it has observed signs of weakness emerging in the performance of retail assets for the first time in three years.

Delinquencies in commercial vehicle or CV loans are increasing. Monthly collection ratio or MCR of the asset pools that Crisil has rated dropped below 95 per cent for the first time since 2009. This decline in collection efficiency indicates that borrowers are increasingly delaying repayments; there is, therefore, a likelihood of increase in non-performing assets over the next few quarters.

For more read this link from Economic TImes ---
http://economictimes.indiatimes.com/personal-finance/loan-centre/auto-loans/auto-loans-news/repayment-records-in-comm-vehicle-loans-hit-3yr-low-crisil/articleshow/19445344.cms