Car loan offered by banks would come with lower EMIs now. SBI car loan had declared  that EMI would be as low as Rs 1689 per lakh on a repayment period of 7 years.

Some other banks too offer Auto Loan for 7 years with interest rates varying between 10.25% to 16.5%. Many banks have waived off processing charges on car loan. While one major auto loan player - HDFC Bank has interest rate of 11.5% to  13.75%, depending on the vehicle.

Most banks that offer car loan went in for their rate reduction schemes in October. This is when the festive season starts. However, the perks offered by these banks is not going to end soon as it has been extended till
January 2014.

So if you wish to get car loan on lower EMIs and not pay the car loan processing fees then you may apply
for a car loan, ASAP.
For more car loan news click here.

You have decided to purchase a car and for any reason you want to pay partly for the cost of the car. You approach a bank that finances the car to get the rest of the payment apart from the one that you can afford to pay to the car manufacturer.

Moreover you may simply call up a good car loan agent in your area and hand them the documents required for a car loan. A reliable auto loan agent makes your work easier and gets you car financed quickly.

Minimum age of the applicant should be 18 years
The auto loan applicant should be salaried or self employed.
The car loan applicant - if salaried - should furnish the following documents -
1) Pan Card
2) Address Proof ( Voter ID, Passport, Electricity bill, Water Bill, Phone Bill, Mobile Bill, etc)
3) Office ID Card
4) Form 16 - 2 Years
5) Salary Slip - 3 Nos.
6) Bank Statement of 6 months showing transfer of salary
7) Rent Agreement - In case the Car Loan seeker resides on rent and does not have mobile or telephone bill
8) Loan track record - In case any loan is running in the name of the Car Loan applicant

In case of Proprietorship firm
1) Pan Card of the car loan applicant
2) Address Proof ( Voter ID, Passport, Electricity bill, Water Bill, Phone Bill, Mobile Bill, etc)
3) Service Tax or VAT or Sales Tax, etc for the proof of Business
4) Income Tax Return
5) Bank Statement for 6 Months - Saving a/c and Current a/c - both
6) Rent Agreement - In case the Car Loan seeker resides on rent and does not have mobile or telephone bill
7) Loan track record - In case any loan is running in the name of the Car Loan applicant

In case of Partnership firm

1) Pan Card of the car loan applicant and that of the Partnership firm
2) Address Proof ( Voter ID, Passport, Electricity bill, Water Bill, Phone Bill, Mobile Bill, etc)
3) Service Tax or VAT or Sales Tax, etc for the proof of Business
4) Income Tax Return of the car loan applicant and that of the firm
5) Bank Statement for 6 Months - Saving a/c of the car loan applicant and Current a/c of the firm - both
6) Rent Agreement - In case the Car Loan seeker resides on rent and does not have mobile or telephone bill
7) Loan track record - In case any loan is running in the name of the Car Loan applicant or the firm


In case of Private Limited Companies

1) Pan Card of the car loan applicant and that of the Private Limited Company
2) Memorandum of Association of the company
3) Audited Balance Sheet, Profit and Loss Account - 2 Years, of the company
4) Income Tax Return of the car loan applicant
5) Home address proof of the auto loan applicant( Voter ID, Passport, Electricity bill, Water Bill, Phone Bill, Mobile Bill, etc)
6) Bank Statement for 6 Months - Saving a/c of the car loan applicant and Current a/c of the company - both
7) Loan track record - In case any loan is running in the name of the Car Loan applicant or the Private Ltd company

Sometimes it becomes too tedious job to gather all the documents and then visit the bank or car loan finance companies.
In such cases a good car loan agent comes handy. A good car loan agent makes your car loan easy to avail. You can be rest assured of getting an auto loan for sure.

To apply for a car loan click here

Car Loan provides ease in getting your dream car. Apart from car finace options that you look through, you should also consider various discounts and offers that are put forward by the car dealers and manufacturers.

For example, some offers and discounts by leading car manufactures are: Accessories, loyalty exchange bonus, free insurance etc.

Your decision to take an auto loan should depend on these important factors -

So you need to -

1) Analyse EMIs - The EMIs should not affect your monthly budget to run your household.
2) Expenses     - With car comes other expenses such as - fuel, servicing, etc. You should consider these additional expenses  before hand.
3) Low Car loan Interest Rate - Lower the interest rate lower are the EMIs - Hence you should go for cheap auto loans.
4) Good Car Loan Agent - A good car loan agent understands your needs for auto loan easily and gets you quick car finance.
5) Transfer Existing Car Loan - In case you think the car loan rates are high - YOu should transfer car loan to any other bank. In such cases, you get to save a lot of money.

To get auto loan you may call - 88000 90480 or visit ....http://www.carloandelhincr.com/

Car Loan comes with charges attached to it. Almost all the banks and car finance companies charge you for one or more thing. There can be numerous charges such as processing fees, stamp fees and others which are applicable on car finance.

It is advised that as a borrower, it is your responsibility to carefully study if the loan has chargeable amount to be paid. Car loan processing fees generally range from 1%-3% depending on the terms and conditions of particular lender. You should keep in mind the other charges too so that you may compare the cheapest car loan. Keep in mind that there are several offers too going on in the market like - waiver of last EMI on the basis of good loan payment record. So you can make your car loan even cheaper if you keep a track of all the auto loan offers.

Here a good car loan agent can come handy. May be you are not aware of all the car loan offers going on in the market but an auto loan agent can certainly provide you the best deal. What more? An auto loan agent does not charge you the service fee. Hence go through directories or internet to find the best car loan agent in the city.

Contact the best car loan agent in Delhi

Car Loan is being aggressively marketed by most of the banks and car finance companies in Delhi-NCR. Delhi is the leading city with most numbers of cars on road. This adds to the ever growing Car Loan Delhi market. Add to this the fact that most of the buyers wish to avail auto loan to get their dream vehicle.

Several banks and vehicle finance companies market the Car Loan product to get the most out of the market share. Indian bank has been a late entrant but is fast emerging as a significant player in this segment. The car loan product of Indian Bank - IB Vehicle loan is getting fast acceptance among the car loan seekers in Delhi/NCR.

Provided here is the features and requirements for IB Vehicle loan -
Eligibility

* Salaried Class Individuals. 
* Businessmen, Professionals and Self-employed . 
* Pensioners with repayment capacity. 
* Minimum Gross monthly income for purchase of Four wheeler should be Rs.20,000/-.

Amount of Loan

* 20 times of Gross Monthly Income Spouse Income can be included for calculating eligible amount if he / she has steady income. 
* Take home Income should be more than 40% of gross income after deduction of EMI for the proposed loan, apart from other deductions. 
* For Businessmen, Professionals & self-employed, based on their average income earned in the last 3 years and capacity / ability to repay the loan. 
* Maximum Loan amount for purchase of Two Wheeler : Rs.75,000/-. * Four Wheeler: Rs. 15,00,000/-"

Margin

* 15% for New Vehicle.
* 40% for used vehicle (Four wheeler).

Processing fee

0.30% of loan with a minimum of Rs. 300/-

Repayment

Four Wheeler: Maximum 84 EMIs (No holiday period) for salaried class individuals; Maximum 60 EMIs (No holiday period) for others. For 2 wheeler: Maximum 60 EMIs (No holiday period)

Security

* Hypothecation of Vehicle to be purchased out of Loan. * If the loan amount exceeds Rs. 10.00 lakhs, additional security equivalent to amount exceeding Rs. 10.00 lakhs to be provided in the form of Fixed Deposit Receipts / NSCs / LIC Policy (with surrender value equivalent to the security to be provided) / Mortgage of immovable property.

Documents to be submitted for processing the application

1. Completed Application Form with passport size photograph. 
2. Proof of Identity such as PAN Card / Voter’s ID/Passport/Driving License. 
3. Proof of residence such as Recent Telephone Bill / Electricity Bill / Property Tax Receipt / Passport / Voter’s ID. 
4. Proof of business address in respect of businessmen / industrialists. 
5. Proof of Employment. 
6. Salary Certificate. 
7. Proof of other income like rent, interest on investment, if any. 
8. Balance Sheet for the past three financial years in the case of Professionals, Businessmen & Self employed. 9. Income Tax / Wealth Tax (if applicable) Returns for the past 3 years. 
10. Copy of Driving Licence. 
11. Quotation for Vehicle to be purchased from the authorized dealer

Salient Features

For purchase of New Two Wheeler or New / Used Four Wheeler(Used four wheeler should not be more than 3 years and should be certified by reputed automobile engineer / valuer)


To apply for quick car loan - Click Here


article referred from http://www.indian-bank.com/loans.php?by=5&ty=1

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