Car Loan in Shimla

Check car Loan Interest Rates of All Major Banks of shimla Instantly
Bank Name
Floating Interest rate
Processing Fee
Bank of baroda
9.15 %
Nil
TATA CAPITAL
12.5 %
1.50% of the loan amount or 6,000 per vehicle, whichever is higher
IIFL
12%
Rs. 4,500 to Rs. 8,000 or 1% of loan amount
Federal Bank
9.20%
Rs 1500 to Rs 2500
Kotak Mahindra Bank
11.50% to 13.50%
N/A
IndusInd bank
10.65 %
1% of the loan amount
ICICI
12.75 %
5% on the outstanding principle
HDB bank
N/A
N/A
HDFC
8.25% - 14.26% (Avg 9.40%)
Rs. 10,000 or 0.4% of car loan sanctioned
RBL BANK
12 to 14 %
1% of Loan amount.
AXIS
12 %
Rs.3500 to Ra.5500
ABOUT CAR LOAN IN SHIMLA

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 shimla 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 shimla -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the shimla 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 shimla

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 shimla

If you are falling short of funds for buying a car, go for a Car Loan. At shimla, 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 shimla. 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.
ABOUT SHIMLA

Named after the Hindu Goddess (Shyamala Devi), Shimla is the capital city of Himachal Pradesh. Surrounded by a border of Uttarakhand, it is an important commercial, cultural, and educational centre of the state. Known for its beautiful hills and forests, Shimla used to be the winter capital of British India. After Independence, the city served as the capital of Punjab. After the formation of Himachal Pradesh state, the city became a part of the state and since then, it has been serving as the capital of the state.

TOP LOAN PROVIDERS IN SHIMLA
ABOUT BANK OF BARODA, SHIMLA, Himachal Pradesh

Bank of Baroda (BOB) is an Indian multinational banking and financial services institution headquartered in Vadodara in Gujrat, India. The bank was established on 0 July 908 and nationalized on 9 July 99 along with other major commercial banks of India. It has been termed as a profit-making public sector undertaking (PSU). The bank has 7 global branches including 7 India branches and 0 overseas branches. It offers a wide range of banking products and services including loans, credit and debit cards etc.

Bank Details
Product

Account Savings Current Baroda E-Trade in account Deposit FD RD Loans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Insurance

Life Insurance Health Insurance General Insurance

Banking

Instant Banking Baroda Connect (Internet Banking) BHIM Baroda Pay Baroda M-connect Plus (Mobile Banking) Mobile Application Baroda mPassbook Baroda m-Invest App BHIM UPI Payment App

Popular Product

Account Savings Current Baroda E-Trade in account Deposit FD RD Loans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Loans

Loans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Cards

Debit Cards Visa Electron Card RuPay Platinum Card Baroda Master Platinum Card RuPay Classic Card Master Classic Card Visa Platinum Chip Card Prepaid Cards Gift Card TravelEasy Card Reloadable Card Credit Cards Easy Visa Platinum Select Visa Platinum Premier Visa Signature Prime Mastercard

Branches of BANK OF BARODA in SHIMLA
ABOUT INDUSIND BANK, SHIMLA, Himachal Pradesh

Indusind Bank Limited is a new generation private bank. Established in 99, the bank is headquartered in Mumbai, India. It stands tall today as one of the reputed banks in the country. Indusind Bank operates more than 000 branches and over ,800 ATMs spread across the country. It also has representative offices in London, Dubai and Abu Dhabi.

Bank Details
Product

The bank provides various banking solutions to individuals, NRIs, business owners, corporate, government and financial Institutions. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and other Banking Operations segments. The bank offers current, savings, defense, corporate salary, and RFC accounts; and fixed deposits, recurring deposits, young saver deposits, as well as Rupee multiplier products.

Banking

Reasury Corporate/Wholesale Banking, Recurring deposits, Corporate salary, Rupee multiplier products. Retail Banking Young saver deposits, Urrent, savings, defense,and RFC accounts Fixed deposits Mutual funds My Account Number Quick Redeem Services and 0 Days banking. Choice Money ATMs Direct Connect Cash-on-Mobile Check-on-Cheque

Loans

Home loan Gold loans Business loan. Kisan loans Term loans Induind Kisan loans Loan against property Two wheeler Personal Car loan Education loan

Cards

Credit cards

Branches of INDUSIND BANK in SHIMLA
Helpline Number
+91-11-23978046
Covid 19
Global
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India
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