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Car Loan Vadodara

Car Loan @ 8.10%*

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car loan rates

About Car Loan Vadodara

Nowadays, buying a car has become a dream for every common man. Limited income and overbearing expenses do not allow a common man to buy his favorite car. A Car Loan is a convenient scheme that allows a person to bring home a vehicle. Get easy funding to drive your dream car home.

€œSave your precious time. No frequent visits to any bank. We will assist you in getting the Best Car Loan in Vadodara to buy your dream car. The Best Car Loan according to your needs will knock at your door. Avail the Cheapest Car Loan Vadodara without any hectic procedure and cherish your life with the thrilling and breathtaking ride of your dream car.€

What is Car Loan?

Car Loan Vadodara

A car loan is a financial help offered by banks and NBFC’s to fulfill your dream of having your own car. The banks provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. The Loan amount is offered on Interest charges which vary from bank to bank. You can pay for the vehicle in easy installments.

About Vadodara: Baroda also called as Vadodara is a city which showcases many historic buildings such as Lakshmi Vilas palace which is related to the Gaekwad Dynasty along with the largest university in Gujarat known as Maha Sayajiaraj University. Baroda is also growing as an industrial hub with existence of many firms from the field of Petrochemicals and Engineering.

Interest Rates for Car Loan Vadodara

Compare the Interest Rates across all the Leading Banks and Apply Online. Get the Cheapest Interest Rates for your Car Loan.

New Car Loan
Used Car Loan
HDFC Bank 10.25% to 13.00% 14.25% €“ 17.75%
ICICI Bank 10.50% to 12.25% 15.50% to 17.00%
Axis Bank 11% 16.50% €“ 18%
State Bank of India (SBI) 10.75% 17.25%
Bank Of Baroda 10.50% N.A.
Canara Bank 10.45% N.A.
Corporation Bank 10.50% €“ 11.00% N.A.
Kotak Mahindra 11.50% €“ 13.50% 17% €“ 20%
Bank Of India 10.55% 11.70% (Upto 3yrs)
Federal Bank 11.20% €“ 12.20% 15.45%-15.95%

Eligibility Criteria for Car Loan Vadodara

Salaried Individuals
  •  Minimum age of the applicant: 21 years
  •  Maximum age of the applicant at loan maturity: 70 years (Conditions apply)   
  •  Income: Minimum Net Yearly Salary of Rs. 2.4 Lac p.a. for all recommended car models   
  •  Income eligibility: As per latest pay slip and Form 16   
  •  Profession: Least 1 year of a continuous profession
 Self-employed Individuals
  •    Minimum age of the applicant: 18 years
  •    Maximum age of the applicant at loan maturity: 75 years
  •    Income: Lowest Net Yearly Business revenue of Rs. 1.8 Lac p.a. for chosen models and Rs. 2.0 Lac p.a. for others
  •    Income eligibility – As per latest ITR
  •    Profession: Minimum 3 years in the related line of business.

Documents Required for Car Loan Vadodara

List of Car Loan Documents required

  •   Age proof
  •    ID proof
  •    Application form
  •    Photograph
  •    Residence proof
  •    Income proof
  •    Bank statement
  •    Signature verification proof

* Interest rate can vary as per individual’s portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with.
* The Organisation do not charge money from customers.