Car Loans in Hyderabad: The City of Pearls is the capital of the newly formed state of Telangana. The city ranks as one of the major and leading IT hubs in the country. Along with the rich presence of information technology and the tech savvy population residing in the city representing the modern day world, the city also uphold mesmerizing reflection of rich and ancient history associated with the city. The historic sites of the former Pearl and Diamond trading center such as Golconda fort, Charminar, Qutub Shahi Tombs, Salar Jung Museum still bears the witness of the history and culture of Hyderabad.
Car Loans in Hyderabad
About Car Loans
- Gone are the days when cars were one of the luxury items in your home and one out several homes would be a proud owner of a Maruti 800. However, in present day world cars are not just the luxury one can own but have become a necessity. Depending on your choice, style, and city you can own your dream car. Car Loans at Hyderabad can help you drive home your dream car. You can choose from a broad range of cars and car loans being offered in Hyderabad. Car loans in Hyderabad can help you in financing your brand new car, or a used car or even a taxi. Car Loans can also be availed to refinance your car in order to revisit your existing car loan status- such as revising the loan EMI, Rate of interests, loan tenures, etc.
- You can avail car loans in Hyderabad up to Rs. 12 Crores at interest rates ranging between 10.25% to 12% along with loan tenures up to 7 years. You can also avail your car loans in Hyderabad with facilities such as Nil fore-closure charges and Nil Service Fee with added advantages of minimal documentation, hassle-free process.
- You can also choose to apply for your car loan in Hyderabad online which is much easier and promising way to compare various car loans products being offered by various banks in Hyderabad and avail a waiver on the service fee for online applications.
About your Eligibility for Availing Car Loans in Hyderabad
- Primarily, you should be an Indian resident with minimum 21 years of age.
- Salaried individuals with a minimum annual income of Rs 2.5 Lacs for all assets can apply for Car loans in Hyderabad.
- Self-employed individuals and non-individuals can avail car loans in Hyderabad with a minimum income of Rs 2 Lacs per annum.
- Car Loans in Hyderabad can be availed for a loan tenure up to 7 years.
Documents that are Required to Avail your Car Loan in Hyderabad for Salaried and Self-Employed Individuals
You need to fill in your application form and support your car loan application form with the list of documents mentioned as under (Applicable for both Salaried and Self-employed individuals):
- PAN Card.
- Address Proof – Valid residential proof duly authorized by govt. authority.
- Signature Verification Proof.
- One Photograph.
- Last three months Salary Slips from the current organization.
- Income tax Return Certificate / Form 16.
- Last Three months Bank Account Statement.