Car Loan in Mumbai

About Car Loans in Mumbai:

Buying a car for yourself can be a task in itself specially with the new range of cars coming up in the market you get a lot of variety to choose from depending on the car type, car model, fuel type as well as your budget. One thing we can help you with is to boost up your finances for your to drive home your dream car with Car Loan in Mumbai.
Car loans in Mumbai cover your purchase of following:
• Brand new car
• Used car
• Taxi
• Refinancing your car

Features and benefits of availing Car Loan

• Loan Amount: You can apply for Car loans in Mumbai to purchase car upto Rs.12 Crores.
• Rate of Interest: The rate of interest applicable on car loans in Mumbai is 10.25% to 12% p.a.
• Loan Tenure: Car loan can be availed for a loan tenure upto 7 years
• Nil fore-closure charges: You can choose to close your car loan without incurring any further charges on your car loan.
• Nil Service Fee: You can apply for car loan online without bearing any additional cost towards “Service Fee”
• Minimal documentation & Hassle-free Online process: For availing car loan in Mumbai is very little documentation is required which means you can now avail hassle free car loans with minimum documentation and procedures.

About your Eligibility for availing Car Loan

• Residency: To apply for car loans in Mumbai you should be an Indian resident
• Minimum Age: 21 years at the time of submission of the application
• Maximum Age: 65 years at the end of the loan tenure
• For Salaried: Salaried individuals with a minimum annual income of Rs 2.5 Lakhs can apply for Car loans in Mumbai
• For Self-Employed: Self-employed individuals with minimum income of Rs 2 Lakhs per annum can apply for car loans in Mumbai.
• Co-applicant: You can apply for a car loan in Mumbai along with a co-applicant

Documents that are required to avail your car loan for Salaried and Self-employed individuals

• Identity Proof
• Address Proof
• Income Proof
☞Last three months Salary Slips from the current organization
☞Income tax Return Certificate / Form 16
☞Last Three months Bank Account Statement
• Signature Verification Proof
• One Latest Photograph

How to Apply for Car Loan?

• You can apply for car loans with the easiest, quickest and smartest – i.e. online at letzbank
• You can compare various Car Loan schemes and products being offered by leading partner banks in the country on the website.
• You can plan your EMI, ROI and Loan Tenure with the help of our expert tools and services.
• You will be able to foresee your loan tenure through the loan stages which will help you take a well informed decision while submitting your application.
• Online applications not just make your application process simpler but also help you waive off additional fee of Service Charge for all the online applications.