If you are here then you might be searching for the lowest car loan interest rate. No need to worry about that we are here to help you out. Firstly, all you need to know about car loan- when speaking about car loan then its one of the biggest purchases you will ever make, and you will likely need a loan. If you don’t know then we are suggesting you to a car loan is also known for an automobile loan. If you want to get a car loan then there are some simple steps to get a pre-owned car loan such as ;
Firstly, You need to choose your car. And you must visit a dealer with a good track record of selling pre-owned cars.
You must apply for the loan and you need to go online or contact the bank offline to apply for the loan.
You should submit your documents after that finalize the loan. After completing all of these you will get a loan for a car.
Now you can look at some of the best lowest car loan interest rate is discussed below:
When speaking about the axis bank then its one of the best banks to get a loan for a car. It has a unique benefit that you can earn edge rewards points for taking a car loan. You will get 350 reward points after disbursal documents are submitted within 60 days of first loan installment living disbursed. This bank offers a maximum loan of up to 100% of the road price and tenures up to 8 years. Axis bank car loan interest rate starting at 9.25% to 11.50%.
If you are planning to get a loan for a car through axis bank then there are some criteria like your age should be between 21 to 70 years for salaried person and 18 to 75 years for professional, self-employed. For a salaried person annual income should be 2.4lacs p.a and for professional or self-employed Min 1.8 lacs p.a.
You should take care of all of these.
Identity and address proof
Income proof & bank statement
Signature verification proof
Invoice or rate list.
These all are the mandatory documents required.
I hope we have included all the information about the lowest car loan interest rate. Stay tuned for more updates.
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