How to Get a Car Loan?

Question

I'm from Indian and I'm planning to buy a car by opting for a car loan. Which bank would be the best for a car loan? Please drop in your views and comments.

Answer 1

Step 1: Shortlist a car

Step 2: check eligibility

Step 3: figure out the loan amount tenure and emi

Step 4: apply and provide the documents

Step 5: book your car

Comments

Thanks for the answer as my husband and I've chosen HDFC Bank for our car loan. They've offered us a lucrative deal on it. 

Answer 2

To get a car loan, you can research and compare lenders, check your credit score, prepare necessary documents, choose a car, and apply for the loan.

Answer 3

Application form.

Passport size photograph.

Driving license.

Employment form.

Salary certificate. 

Quotation of the vehicle that you want to purchase.

Bank statement for the last six month.

Answer 4

Use your loan offer to set your budget

Review a dealer loan offer

Make payment on time

Apply for auto loan from different lenders

Answer 5

There are a few banks that would be a good fit for someone who was looking to buy a car. One potential choice would be the financial institution that is based in India and which is known for its low-interest rates on loans. Another potential choice would be a bank that is well known in the area where the buyer is located. That said, it is important to remember that a car loan is not a solicitation of interest in buying a car. Therefore, it is important to speak to a mechanic, car mechanic, or other expert in car loans to get started on the process.