With easy access to auto finance, it is not surprising to see an increase in the number of Indian consumers who purchase luxury cars from world famous automakers like Audi, Mercedes-Benz, Land Rover, BMW, Rolls Royce, and Jaguar. Just comfort alone does not define a luxury car. Dynamic performance, top speed, advanced features, and phenomenal designs are what makes a luxury car attractive to consumers, especially the car enthusiasts. The price of a luxury car depends on the customisation demands of a consumer.
Here is a list of the best luxury cars available on the Indian car market:
If you have a good credit score and a steady income, you can apply for a new or used car loan offered by banks, Non-Banking Financial Companies, and other lending institutions. Choose your dream car from a dealership, then go online to check your car loan eligibility. Car loan applicants must be 21 to 65 years of age and meet the minimum income requirements set by a bank. Then, compare various car loan offers on a reliable third-party website and choose one with the lowest interest rate, flexible tenure, and zero processing fee.
Applying for a car loan has been made easy through the bank website. All you have to do is download the application form from the bank website. Then, submit the duly-filled and signed form along with the necessary documents such as identity, age, income, and address proofs at the nearest bank branch. The bank will verify your documents and process your application. Upon approval, the loan amount will be disbursed to your bank account within 24-48 hours.
Car loan can be repaid in Equated Monthly Installments (EMIs). You can use the free, online car loan EMI calculator available on the bank website or a third-party website to find out how much your car loan will cost you each month. A short loan tenure means higher EMI payments and a long tenure means smaller EMI payments. However, depending on your repayment capacity, choose a suitable car loan tenure that doesn’t increase your overall interest payment.