Buying a car can be a milestone of an achievement in one’s life. But with skyrocketed car prices, it has become difficult than ever to buy a car. Hang on! How about a new car loan? Well, Car Khardo Becho has enabled many individuals in owning a brand-new vehicle via a new car loan.
Features and Benefits
Opting for a new car loan comes with umpteen benefits. These include:
Get 100% funding
We all agree that brand new cars are expensive. But what if you are getting 100% of the car value as your new car loan amount?
At Car KharidoBecho 24, we do 100% on-road funding for the vehicle of your dreams.
Get an easy and hassle-free approval
Without standing in queues, collecting a pile of documents from a plethora of places or being called to sign paperwork myriads of times, you can seek an approval to your new car loan. Apply at Car KharidoBecho 24 now and have a hassle-free loan approval experience.
New car loans come with the option of foreclosure
At Car Kharido Becho 24, we take care of the customers who wish to settle their car loans. And this is the reason why we extend the option of foreclosure to them.
No need of collateral
Unlike other types of loans, car loans do not require collateral. So, you need not take the pain of looking for gold or property.
New Car Loan Eligibility Criteria
There are qualifications for obtaining a new car loan, and not everyone will qualify.
- The minimum and maximum age
From 18 to 65 years of age
- The loan amount
Many banks provide loans up to 50 lakhs. The maximum loan amount in some banks is Rs. 1 crore.
- Net income per month
Monthly income of at least Rs. 10,000
- Employment Type
Salaried or self-employed.
- Type of car
The loan amount varies depending upon the new or old car.
- Work Experience
A minimum of one year’s experience in the field is required for the position to be salaried. The self-employed must be in business for five years and have a minimum two-year ITR.
- Value of car
Depending on the ex-showroom price or on-road price of your new car and the sale value of your old one, your loan value eligibility differs.
- Residence
A city, a town, or a rural area.
- Stability of residence
A minimum of one year of residency is required at the current address.
Documents Required for car loan
Car KharidoBecho 24 doesn’t require piles of documents that are to be attached with your new car loan application. All you need to submit is:
Proof of identity
card, PAN card or driving license
Proof of income
Bank account statement of 6 months, salary slip of 3 months and ITR of 2 years
Avail Loan in 4 Simple Steps
Availing a loan from Car KharidoBecho 24 is easy. Try the following four steps:
1.
Check your credit score
2.
Calculate the borrowing amount
3.
Approach us. We will get the paperwork ready.
4.
Get, set and approved!
Things to know while availing a new car loan
When applying for a new car loan, always consider the following:
The rate of interest.
The lower the rate of interest, the smaller the difference will be between the loan amount you have got, and the total interest paid by you.
Proof of income
Bank account statement of 6 months, salary slip of 3 months and ITR of 2 years
Repayment flexibility and method
Clarify the payment method for EMIs so that you can pay them on time and without any extra charges. In addition to that, look whether a foreclosure option is available at your disposal or not.
FAQs
How to get a new car loan?
At Car Kharido Becho 24, you can get a car loan in four easy steps. First of all, check your credit score, then calculate the borrowing amount. The last two steps involve approaching us and getting an approval.
What is the highest loan amount I can get with a new car loan?
It entirely depends on the car value. At Car Kharido Becho 24, we are able to extend new car loans that cover about 90 to 100% of the car value.
Why apply for a new car loan through Car Kharido Becho 24?
Since its very inception, Car Kharido Becho 24 has been enjoying the reputation of extending the best and the quickly approved new car loans. We extend offline, online and door-to-door assistance so that you receive the joy of driving your “newly owned car” at the earliest.
How does a fixed rate car loan differ from a floating rate car loan?
As the name suggests, a fixed interest rate on a car loan remains fixed throughout the tenure of the loan. A floating interest rate, on the other hand, keeps on changing depending on the bank or the financial institution. Car Kharido Becho 24 usually extends new car loans at a fixed interest rate.
Is the rate of interest negotiable?
Car Kharido Becho 24 values its customers. Since our customers are like kings to us, we entertain interest rate negotiations. However, one must have a good credit score in order to negotiate the interest rate on a new car loan.
