Looking for Car Loan Jaipur at Low-rates?-Wishfin

Car Loan Jaipur

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

Interest Rate7.45% - 14.01%
Processing Fee₹500-₹5500; 0.25%-0.50% of the loan amount
Pre-payment/Part-payment ChargesPre-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/Repayment1-7 years
Lowest EMI₹1,594-₹2,015(per lakh)

Eligibility Criteria required for Car loan in Jaipur

ParticularsSalaried Individuals Self-Employed IndividualPartnership FirmPrivate/Public Ltd. Company(in existence for atleast 3 years)
AgeThe applicant should be above 18 years old at time of application, and up to 70 years of age at time of maturity of the loanAny 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 ₹2.00lakhsMinimum PAT (profit after tax) of ₹2.00 lakhs
Job StabilityThe total employment stability should be for atleast 2 years and current employment stability of minimum 1 yearBusiness 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 NameMain Branch AddressCar Loan Interest Rate (p.a.)
State Bank Of IndiaSambhar lake, Jaipur, Rajasthan- 3036047.20% - 7.90%
HDFC BankD - 54, Siddhi Vinayak, , Ashok Marg, , C Scheme, , Jaipur - 302001, Rajasthan7.95% - 8.30%
ICICI BankC - 99, Shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, Jaipur- 302001 7.90% Onwards
Axis BankO - 15, Green House Ashok Marg, C-Scheme- 3020017.45% - 14.50%
Punjab National BankM C B, Jaipur MI Road, Jaipur, Rajasthan 6.50% Onwards
Bank of IndiaChowdhari Hotel Building, Mirza Ismail Road, Jaipur, Rajasthan- 302001, 6.85% onwards
Bank of BarodaAdarsh Nagar Branch, 304/4, Raja Park Adarsh Nagar, Jaipur- Rajasthan-3020047% onwards
Central Bank of IndiaJohri Bazar, Purohit Ka Katla, Jaipur City, Jaipur 7.25% - 7.70%
Bank of MaharashtraBhagwati Bhawan, Mirza Ismail Road, Jaipur- 3020016.40% onwards
IDBI BankD-24, Durlabh Niwasprithviraj Road, C-Scheme, Jaipur 7.50% Onwards

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%