Car Loan Refinance
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Get loan up to ₹ 3 crore on a wide range of cars and multi-utility vehicles - Enjoy 100% on-road finance** on your New Car Loan*
Most of the banks offer car loan for a maximum period of 7 years. If you apply for longer repayment tenure, your EMI for car loan will be less..
Identity and address proof documents as accepted by Bank, Income Proof: Latest salary slip with form 16, Last 6 months Bank Statement
Zero Foreclosure after 24 months of repayment
A variety of schemes to choose from : Flexible Repayment Schemes , Step Up , Balloon EMI Options
Interest Rate & Loan Tenure: Annual Percentage Rate Minimum 9.48% to Maximum 28% | Repayment over 6 to 36 months
For example, if you take a loan of Rs. 4.5 lakhs at the rate of ... 15.5% with repayment tenure of 3 years, your EMI will be Rs. 15,710. The total payable amount at the end of 3 years would be Rs. 5,65,553. Therefore, you are paying total interest amount to the tune of Rs 115,553. This, however, excludes other applicable charges which can be quantified as under: Loan Processing Charge@2% = Rs.9000 Gold Valuation Charges = Rs. 260 per lac Documentation charges = Rs. 500 Amortization Schedule charges = Rs. 200 BookMyLoans Services are free of Cost. We do not charge any fee from any of our customers. Loans originated, booked and serviced by our partner Banks/NBFCs. Subject to credit appraisal in sole discretion of our partner Banks/NBFCs and terms & conditions as agreed under individual loan agreement. Our Partner Banks and NBFCs don't offer personal loans which require repayment in full in 60 days or less from the date the loan is issued. Subject to the necessary KYC and verification. In case of change of payment mode or swapping your Post Dated Cheques, additional charges are applicable. Also, depending upon the lender bank, prepayment options may or may not be available and the applicable charges may vary accordingly.