Car Loans in India

Having an own car is everyone’s dream. But if you are from middle class or lower class family then buying a car is always a dream. But you can turn your dream into reality using car loans. Numbers of banks in India are providing car loans on very cheap interest.

You can take up to 100% car loan from some of the selected banks of India. Like ICICI bank is providing 100% loan of ‘on-road’ cost on select models. Procedure of taking car loan is very simple but you need to read terms and conditions very carefully. Check about necessary paperwork and documents to be submitted while applying for a car loan.

List of some of most necessary documents

• Income Proof
• Bank Statement
• PAN Card
• Residence Proof
• ID Proof

Various banks in India are providing car loans with fixed and floating interest rates. So first decide which one is better and affordable for you.

Repaying a Car Loan