A car loan is a great way to drive your dream car without making the complete payment upfront. You don't need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement.
The finance availed of to buy either a new or a used car is known as car loan. Car loan is one of the complex loan products in India as car dealers tend to include various discounts offered by car manufacturers or lenders (banks and other financial institutions) in the interest rate offered to the buyer.e.
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Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.
EFBANK Online offers new car loan at fair interest rates and adjustable repayment terms.Fast sanction, personalised service and absolute transparency in new car loans.
We have tie-ups across the widest range of authorised pre-owned car dealers. Attractive car loans for used cars. Pre-Owned car finance available at EFBANK Online.
With no income documents required, getting a loan couldn’t get any easier. EFBANK Online offers you car loan at basic interest rates and flexible EMI for repayment.
EFBANK Online also grant different loans like Home loan, Personal loan and Educate loan at fair rate of interest and flexible EMI. For more detail you can check our loan products.
Depending upon the lender, there are a host of benefits available to the customer when availing of a car loan. For example, preferred pricing for existing customers, minimal documentation, faster processing time. Some lenders even offer special rates of interest to existing customers.
Credit Calculator helps you analyse a range of car loan deals that are available in the market. Our Car Loan Eligibility Calculator helps you check your eligibility criteria, repayment options, types of interest rates, and type of car loans that you can afford to avail of.
Maximum age of applicant at loan maturity: 60 years
Minimum Net Monthly Income: Euro 15,000
Applicant should have the bank specified credit score.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
There are four different ways you can get a car loan. You can go straight to a lender. You can get a finance broker to organise a car loan for you. You can get ‘dealer finance’ – which is when the car dealer organises a car loan for you. Or you can organise your own car loan through a comparison website, like RateCity. Whichever method you choose, you will need to provide proof of identification, proof of income and proof of savings. So you may be asked for any combination of passport, driver’s licence, bank statements, payslips, tax returns and utility bills. You might also be asked to provide proof of insurance..
Yes, there are some lenders who will consider your application if you are on a disability pension. As long as you have an income, usually of over 400 Euro a week, there are lenders that are willing to supply you with a loan.
There are also microfinancing charitable organisations that provide low interest loans for people on low incomes for certain necessary amenities, such as cars, if they match the specified criteria.
A secured car loan is a loan that is connected to a form of security, or collateral. Generally, the security for a car loan is the car itself. If you fail to repay the loan, the lender might seize your car, sell it and then use the proceeds to recover their debt.
Yes, there are certain lenders that provide loans for people on aged pensions. Your viability for a loan will be assessed by a lender by your credit report and your income. They will also take into account any assets you have that you may want to secure the loan with. The better your credit score, the more likely you are to be accepted for a loan, and the lower the interest you will have to pay on that loan. If you have a bad credit rating and are on an aged pension however, don’t despair, because there are specialised lenders who still may be willing to provide you with a loan.
Now apply for a Car Loan online, All you need to do is provide your details below application form.