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Saturday, 20 July 2019

Sarkari Karmchari ne Pass Karvani Hindi Parixa temaj Mukti Babat pariptra || Hindi parixa mathi mukti Baabat No Paripatra

All off us dream to buy a luxurious car after a beautiful home. It makes our life more comfortable, and reduce our problems about traveling and much more. Life instead of using public transport and getting tired we can use our own personal cars and we can easily go for weekends also it's much easier and enjoyable.

Before it was hard and a big deal to buy a car, because we have to spend lots of money together at a time, but now a days due to availability of car loan we are able to buy easily.
Bank and non Finance Companies are providing car loans in a very few and easy steps. Due to which buying a car is not a big task and we can easily get our own comfortable car as well as in our budget.
Car loan.
The companies which provide loans they provide loans for both new as well as old cars there is different interest on it.
For new card interest is up to 9.25 to 13.75 in between it.
And for all old car the interest is 12.5 0 to 17.50 in between it.

WHO CAN TAKE CAR LOAN? 


Before applying for card loan There are several rules and regulation like age, job, residence through these and included. 

The important documents for applying car loan are-

1) Identification Card
2) Pan card, Passport, Driving license, Voter ID
3) Address proof
4) Age proof
5) Photograph
6) Car papers
7) Three months salary slip

 Six months bank statement.

And few companies do not issue card loan till the insurance paper and driving licence are there.

Important note- While buying second hand car just remember these things.

When you are going to take loan the company keeps your papers .Then they will be able to take your property if you are not able to return the loan and even they can take your car.
Hypodecation letter is also a part of the loan sanction.
Once you pay all the money loan written you can take off your hypodecation letter from company.
After taking off your related registration certificate transport officer must provide no objection certificate, you must go with car insurance paper and address proof and it's very important to take and NCO from the car loan providing. 

It depends on the company that how much loan will they provide. 

In general you will get the loan 4 times more than your income. The 80 to 90% price of the car it becomes finance and it some companies 100% it must be Ex showroom on road price.
When we take loan for second hand car the second time registration expenditure does not cover it the interest on car loan excluding the car loan of the car the company which have marginal card fund MCLR they charge extra. Mostly rate is fixed and it's easier to pay back.
If you think that in future the interest rate may vary then you can take loan under the floating rate.
At present time the interest rate is 10.30 to 15.25 in companies and sometimes for womens alone is forgived.
If you take loan to buy second hand cars then it's more extra than to take loan for new cars.

WHAT ARE THE EXPENDITURES FOR CAR LOANS? 

While taking loan for refunding it Bank applies many charges.
• when you apply process fees is taken.
• it must be of loan amount 0.4 to 1%.
• returning loan before time period they apply some fees.
• few banks take more charge for it and few do not take any.

Few Bank provide facilities like part payment for loans it means whenever you have enough money you can return 1 part of it. In few Bank day even charge for payment. When you take car you cannot do repayment till 6 months.

1) normally Bank provide medium car, SUV and MUV Finance. Before sanction of loan you must check the loan offers provided by company for particular car.

2) In car loan there is no tax benefit.

3) before taking loan you must check and see the interest and check everything once. For applying car loan it's easy there is no need of much papers and not to keep much property papers. It's safe with ka and before alone we must check our budget.

The above article may help you to take the card loan and what are the interest and what are the procedures and documents needed.

Sarkari Karmchari ne Pass Karvani Hindi Parixa temaj Mukti Babat pariptra || Hindi parixa mathi mukti Baabat No Paripatra


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