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Loan, Loan can you help you to buy your dream car without spending all your money upfront, but you have to pay the balance amount in certain time to the finance with some interest.

Hire Purchase System is the popular System where EMIs is adjusted towards repayment of hte principal amount and accured interest.

Banks and Financial Institutions offering Car Loans

  • Hyundai Finance
  • HSBC
  • Citibank
  • GE Country Wide
  • Citicorp Maruti
  • The Vysya Bank
  • ICICI
  • The Financial Services Company of Fiat
  • HDFC BANK Ltd.
  • Kotak Mahindra Primus Ltd.
  • Ford Credit Kotak Mahindra Ltd.
  • Standard Chartered Bank - India
  • Sundaram Finance

Interest rates varies from bank to bank for car loan, Following document is required while apply for loan.

For Self Employed Individual, please carry following documents

  • Proof of address
  • Verified signature
  • IT returns with computation of Income for the last 2 years
  • 6 months Bank Statement
  • Payment cheques (post dated)

For Salaried Individual, please carry following documents

  • Proof of address
  • Verified signature
  • Form 16 with latest Salary slip
  • 6 months Bank Statement
  • Payment cheques (post dated)
 
 
 
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