Get car loans for both old and new cards at attractive rates starting from 9.50% p.a. with Jammu and Kashmir Bank. You can take a loan of up to Rs.50 lakh for a tenure ranging from 1 year to 7 years. The processing fee charged is up to 0.5% of the loan amount.
|Processing Fee||Up to 0.50% of the loan amount + GST|
It’s always recommended to calculate your EMI (Equated Monthly Instalment) beforehand so that you can manage your finances in a better way.
Your car loan EMI (Equated Monthly Instalment) depends on multiple factors, including the loan amount, interest rate, loan tenure, and processing fee. To calculate your monthly instalment amount, you can use BankBazaar Union Bank of India Car Loan EMI Calculator.
The entire computation process is simple and hassle-free with a quick turnaround time.
|Name of the Bank||Interest rate||EMI*|
|State Bank of India||Starting from 9% p.a.||Rs.1,609|
|Jammu and Kashmir Bank||Starting from 9.50% p.a.||Rs.1,634|
|Union Bank of India||Starting from 9.05% p.a.||Rs.1,611|
|ICICI Bank||Starting from 9.30% p.a.||Rs.1,624|
|Axis Bank||Starting from 9.05% p.a.||Rs.1,611|
|HDFC Bank||Starting from 9.65% p.a. (rack interest rate)||Rs.1,642|
|Central Bank of India||Starting from 8.70% p.a.||Rs.1,594|
*For calculation purpose, we have taken 7 years as the tenure and Rs.1 lakh as the amount
Step 1: Visit the official website of Jammu and Kashmir Bank.
Step 2: Under the “Personal” section, click on “Car Loan Scheme”.
Step 3: Click on “Apply Online” located on the middle right-hand corner of the page.
Step 4: You will be redirected to another page where you have to fill in the required fields and click on the “submit” button to complete your application.
|Type of Employment||Salaried or self-employed|
|Minimum Income Requirement||
Get car loans at attractive rates and flexible tenures with Jammu and Kashmir Bank. Read the fine print thoroughly before applying to avoid any confusion in the future.
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