Car Loan in Amritsar

About Car Loan in Amritsar

Bank NameFloating Interest RateProcessing Fee
ICICI12.75 %5% on the outstanding principle
HDB bankN/AN/A
Bank of baroda9.15 %Nil
RBL BANK12 to 14 %1% of Loan amount.
Federal Bank9.20%Rs 1500 to Rs 2500
HDFC8.25% - 14.26% (Avg 9.40%)Rs. 10,000 or 0.4% of car loan sanctioned
IIFL12%Rs. 4,500 to Rs. 8,000 or 1% of loan amount
TATA CAPITAL12.5 %1.50% of the loan amount or 6,000 per vehicle, whichever is higher
Kotak Mahindra Bank11.50% to 13.50%N/A
IndusInd bank10.65 %1% of the loan amount
AXIS12 %Rs.3500 to Ra.5500

About Amritsar

Historically known as Ramdaspur and colloquially as Ambarsar, the city Amritsar is located in the state of Punjab. Harmandar Sahib or “the Golden Temple” located in the town is one of Sikhism’s most spiritually significant and most visited gurudwaras. Chess manufacturing industry is a prime industry of the place.

The credit of founding the holy city of Amritsar goes to Guru Ram Das, the fourth Sikh guru of the Sikh religion. The place is also famous for the tragic Jallianwala Bagh massacre which took place, having a proximity to the Wagah Border. The region lies in one of the most agriculturally productive belts of India. Today Amritsar is a thriving city with commerce and tourism centres growing at a faster rate.

About car Loan in Amritsar

We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Car Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Car Loan in Amritsar also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to Rs. 5000 on loan disbursal. Get ready to build a stronger tomorrow.

Eligibility Criteria for Car Loan in Amritsar -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Amritsar and help you with flexible eligibility criteria.

Salaried Individuals

  1. Any one aged between 21 to 60 years is eligible for a car loan.
  2. Good credit score is required for the car loan.
  3. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
  4. A salaried individual should have the employment stability of at least 1 year with the current employer

Self-employed individuals -

  1. Any one aged between 21 to 65 years is eligible for a car loan.
  2. The annual income should be around at least ₹ 2,50,000 to be eligible for a car loan
  3. A self-employed individual should have the business stability of at least 2 year with the current employer

Documents Required for Car Loan in Amritsar

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

  1. KYC documents like Voter ID Card, Electricity Bill, Aadhaar Card, PAN Card, Passport, Ration Card, and Driving License
  2. Salaried individuals need to furnish salary slips for the last 6 months
  3. Self-employed individuals need to showcase Income Tax Return (ITR) for the last 2 years
  4. Pro-forma invoice of the vehicle
  5. Your net worth proof like that of fixed deposits
  6. Signature verification proof
  7. 2 recent size passport photographs

Benefits & features of taking a Car Loan in Amritsar

If you are falling short of funds for buying a car, go for a Car Loan. At Amritsar, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC and other players are offering instant paperless approval for Car Loan. Apply at Afinoz, and we will help you avail the Car Loan at best rate.
  2. High Eligibility – Within a just few minutes, we will assess your Car Loan eligibility and suggest you the best available options in Amritsar. Our process is driven by automated technologies, and we help you get low EMI Car Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Car Loan Balance to save on money. Some lenders charge fee for a balance transfer.

PUNJAB NATIONAL BANK

About

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. Established in 89, it is state-owned bank. Headquartered in New Delhi, India, the bank operates through a network of zonal offices, 7 circle offices, 98 branches, and 98 ATMs. PNB also operates a banking subsidiary in the UK, as well as branches in Hong Kong, Kowloon, Dubai and Kabul and representative offices in in Almaty (Kazakhstan), Dubai (UAE), Shanghai (China), Oslo(Norway), and Sydney (Australia). PNB and other major commercial banks were nationalized on 9 July 99.

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CHAWINDA DEVIABADI BABA DARSHAN SINGH KALEBO VEIN POINLOHARKA ROAD LOHARKA KALANTANGRANEW GRAIN MKT,BHAGTANWAL,ASRNEW AMRITSARPANDORI WARAICHGOLDEN TEMPLE COMP, AMRITSARCHOGAWAN,DISTT. AMRITSAR (PB)AMRITSAR, GUMTALASP. AGRI. FINANCE, VERKA,AMRITGURU NANAK DEV HOSPITAL,AMRITSAMRITSAR DAV COLLEGEAMRITSAR KATRA JAIMAL SINGH,AMRITSAR QUEENS ROAD, DISTT. AAMRITSAR MAJITHA ROADAMRITSAR KOT KHALSAAMRITSAR GREEN AVENUEAMRITSAR CANTT NCCLOAD ROAD,AMRITSAR GHEE MANDIAMRITSAR IND. FOCAL POINTAMRITSAR MAJITH MANDI, DISTT.BASANT AVENUE, DISTT. AMRITSARAMRITSAR KATRA BHAI S SINGH,AMRITSAR JALLIANWALA BAGHKHEM KARAN (AMRITSAR)AMRITSAR MEWA MANDI, DISTT. AMAMRITSAR BATALA ROAD, DISTT. AALGON KOTHI. DISTT. AMRITSAR (AMRITSAR SULTANWIND ROADJANDIALA GURUAMRITSAR PUTLIGHAR, DISTT. AMRAMRITSAR KATRA AHLIWALIAAMRITSAR HALL BAZAR

ICICI BANK LIMITED

About

ICICI Bank is an Indian multinational bank and financial services company. Headquartered in Mumbai, India, the bank currently has a network of ,87 branches and , 7 ATMs across India. The bank became the first Indian bank to list on the New York Stock Exchange in 000. It is India’s largest private sector bank with total consolidated assets of Rs. ,.8 billion (US$ 7. billion) as on March 08.

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KOTAK MAHINDRA BANK LIMITED

About

Kotak Mahindra Bank Limited is a private sector Indian Bank headquartered in Mumbai, Maharashtra. The bank was founded in 98 and in February 00, Kotak Mahindra Finance Ltd. received the license from the Reserve Bank of India to carry on banking business. It had a network of ,88 full-fledged branches and ,99 ATMs in the country as of March 08.

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THAKKARPURAPANDORI GOLAMEHARBANPURAMARI GAURH SINGHJALALABADHAJNHNALAAMRITSAR HALL BAZARAMRITSAR

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