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

ParticularsDetails
Interest Rate8.60% - 16.25%
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 AddressInterest Rate (p.a.)
State Bank Of IndiaSambhar lake, Jaipur, Rajasthan- 3036049.05% - 12.60%
HDFC BankD - 54, Siddhi Vinayak, , Ashok Marg, , C Scheme, , Jaipur - 302001, Rajasthan8.00% - 13.00%
ICICI BankC - 99, Shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, Jaipur- 302001 10.75% - 15.50%
Axis BankO - 15, Green House Ashok Marg, C-Scheme- 302001

11.00% - 12.00%

Punjab National BankM C B, Jaipur MI Road, Jaipur, Rajasthan 8.75% - 9.20%
Bank of IndiaChowdhari Hotel Building, Mirza Ismail Road, Jaipur, Rajasthan- 302001, 9.25%
Bank of BarodaAdarsh Nagar Branch, 304/4, Raja Park Adarsh Nagar, Jaipur- Rajasthan-3020048.80% - 10.55%
Central Bank of IndiaJohri Bazar, Purohit Ka Katla, Jaipur City, Jaipur 8.70%
Bank of MaharashtraBhagwati Bhawan, Mirza Ismail Road, Jaipur- 3020018.90% - 9.40%
IDBI BankD-24, Durlabh Niwasprithviraj Road, C-Scheme, Jaipur 9.95% - 12.05%

People Also Look For

Personal Loan Interest Rates December 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates December 2018
State Bank of India/SBI8.75% - 9.35%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.85% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.10% - 9.35%
Axis Bank8.85% - 9.10%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%