EMI Calculator - Car Loan
%
Monthly EMI
₹0
Principal Amount
₹1000000
Total Interest
₹0
Total Amount
₹0
Loan Info
Interest Rate -
However, for most of the banks, the lowest car loan interest rates can start from 7.30% per annum.
Eligibility Criteria
- This includes employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
- Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
- Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
- Those who earn a minimum of Rs. 3,00,000 per year, including the income of the spouse/co-applicant
- Individuals who have a telephone/post-paid mobile
Document required
- Any of the following documents as identity & Address Proof:
- Valid Passport
- Permanent Driving license [recent, legible, laminate]
- Voters ID Card
- Job card issued
- Letter issued by the National Population Register containing details of name & address
- Aadhar Card (only if submitted voluntarily & backed by Aadhar consent Letter.1st 8 digits of Aadhar Number on physical copy to be redacted) Aadhar Card can be Physical Aadhar or Print out of e- Aadhar (not older than 30 days from the date of application).
- Latest salary slip and Form 16 as income proof
- Bank statement of the previous 6 months