About Car Loan Chandigarh
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.
Save your precious time. No frequent visits to any bank. We will assist you in getting the Best Car Loan in Chandigarh to buy your dream car. The Best Car Loan according to your needs will knock at your door. Avail the Cheapest Car Loan Chandigarh without any hectic procedure and cherish your life with the thrilling and breathtaking ride of your dream car.
What is Car Loan?
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 Chandigarh: Apart from being a union territory, Chandigarh is also the capital of Punjab and Haryana. According to a survey, this city tops the list of all the states and union territories in Per capita Income. This city is very lively, and it is growing at a very rapid pace. There are many beautiful destinations in the city such as Sukhna Lake, Rock garden, Government Museum and Art Gallery, Rose Garden, Butterfly Park and the very famous city center sector -17.
Interest Rates for Car Loan Chandigarh
Compare the Interest Rates across all the Leading Banks and Apply Online. Get the Cheapest Interest Rates for your Car Loan.
Banks |
New Car Loan |
Used Car Loan |
| HDFC Bank | 9.35% to 13.00% | 14.25% 17.75% |
| ICICI Bank | 9.45% to 12.25% | 15.50% to 17.00% |
| Axis Bank | 9.65% to 12.50% | 16.50% 18% |
| State Bank of India (SBI) | 9.45% to 13.25% | 14.50% to 17.25% |
| Bank Of Baroda | 9.75% to 12.75% | N.A. |
| Canara Bank | 9.75% to 13.25% | N.A. |
| Corporation Bank | 9.85% 11.00% | N.A. |
| Kotak Mahindra | 9.65% 13.50% | 17% 20% |
| Bank Of India | 9.85% to 12.25% | 11.70% (Upto 3yrs) |
| Federal Bank | 9.85% 12.20% | 15.45%-15.95% |
Eligibility Criteria for Car Loan Chandigarh
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 Chandigarh
List of Car Loan Documents required
- ID proof
- Photograph
- Residence proof
- 3 months salary slips
- 6 months Bank statement
- 2 years Form 16