Car Loan Jaipur
Last Updated : Jan. 23, 2017, 12:06 p.m.
About Jaipur
Jaipur is the capital of Rajasthan and is also known as the pink city. The city is one of the popular tourist destinations of India with Hawa Mahal and a large number of tourists coming from all over the world. The economy of Jaipur is fueled by tourism, gemstone cutting, the manufacture of jewelry and textile industries and Information Technology. Jaipur is a place with high scope for transportation business as the tourism accounts for 15% of the state’s domestic product. As a result, tourism has increased employment in the hospitality sector.
About Car Loan
Jaipur is hence is a place full of tourism business. So, if you want to start your own tourism business, Jaipur is a great place to start with. So, get an auto loan or buy a car with a car loan facility available at low rates and flexible tenure option. As you know Jaipur is one of the most popular tourist destinations, the scope of starting a tourism business or transport business is really high. So, why wait when you can get a car or auto loan? There are so many affordable car loans available in the market with low-interest rates and flexible tenure option.
Car Loan Jaipur in a nutshell
| Particulars | Details |
|---|---|
| Interest Rate | 7.45% - 14.01% |
| Processing Fee | ₹500-₹5500; 0.25%-0.50% of the loan amount |
| Pre-payment/Part-payment Charges | Pre-payment charges- 5% of the principal outstanding+service tax as applicable Part-payment charges- 5% of the part payment amount+service tax as applicable |
| Tenure/Repayment | 1-7 years |
| Lowest EMI | ₹1,594-₹2,015(per lakh) |
Eligibility Criteria required for Car loan in Jaipur
| Particulars | Salaried Individuals | Self-Employed Individual | Partnership Firm | Private/Public Ltd. Company(in existence for atleast 3 years) |
|---|---|---|---|---|
| Age | The applicant should be above 18 years old at time of application, and up to 70 years of age at time of maturity of the loan | Any proprietor, partner, professional or director above 18 years but below 70 years at the time of the loan maturity. | ||
| Income | Minimum gross annual income of at least ₹ 1,80,000/- | Minimum gross annual income of at least ₹1,80,000/- | Firm should have a minimum PAT (profit after tax) of ₹2.00lakhs | Minimum PAT (profit after tax) of ₹2.00 lakhs |
| Job Stability | The total employment stability should be for atleast 2 years and current employment stability of minimum 1 year | Business stability should be for atleast 2 years | ||
Documentation Required for Car Loan
- Proof of Identity : Passport copy, PAN Card, Voter ID card, driving license( Laminated, Recent, Legible)
- Proof of Address : Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
- Proof of Income : Latest salary slip with form 16/Audited balance sheet, Profit & Loss Account for latest two years/a minimum turnover of ₹4,50,000 per annum/Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company/Latest ITR
- Bank Statement : Last 6 months
Top Banks offering Car Loan in Jaipur- Interest Rate and Address
| Banks Name | Main Branch Address | Car Loan Interest Rate (p.a.) |
|---|---|---|
| State Bank Of India | Sambhar lake, Jaipur, Rajasthan- 303604 | 7.20% - 7.90% |
| HDFC Bank | D - 54, Siddhi Vinayak, , Ashok Marg, , C Scheme, , Jaipur - 302001, Rajasthan | 7.95% - 8.30% |
| ICICI Bank | C - 99, Shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, Jaipur- 302001 | 7.90% Onwards |
| Axis Bank | O - 15, Green House Ashok Marg, C-Scheme- 302001 | 7.45% - 14.50% |
| Punjab National Bank | M C B, Jaipur MI Road, Jaipur, Rajasthan | 6.50% Onwards |
| Bank of India | Chowdhari Hotel Building, Mirza Ismail Road, Jaipur, Rajasthan- 302001, | 6.85% onwards |
| Bank of Baroda | Adarsh Nagar Branch, 304/4, Raja Park Adarsh Nagar, Jaipur- Rajasthan-302004 | 7% onwards |
| Central Bank of India | Johri Bazar, Purohit Ka Katla, Jaipur City, Jaipur | 7.25% - 7.70% |
| Bank of Maharashtra | Bhagwati Bhawan, Mirza Ismail Road, Jaipur- 302001 | 6.40% onwards |
| IDBI Bank | D-24, Durlabh Niwasprithviraj Road, C-Scheme, Jaipur | 7.50% Onwards |