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  • Rajkot Car Loan

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  • Understanding which car loan is best for you is now super easy with BankBazaar. Get the latest interest rates, eligibility criteria, and processing fees from more than 25 leading banks right here. Get instant quotes and approvals within 30 minutes when you explore car loans from BankBazaar. The right car loan is just a click away from you now.

    Rajkot has traditionally been an important city in the state of Gujarat and its significance is set to grow further in the near future.Rajkot is the fourth largest city in the state and 35th largest agglomeration in the country. However you will be surprised to note that it is considered to be the 22nd fastest growing urban area in the world. Rajkot definitely lets you enjoy the comforts of life that you can afford with the scope for professional growth you are presented with here.There are many big name corporate companies and industrial houses that are making their way in Rajkot

    About Car Finance: Personal Car Finance is a complete subsector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase. Therefore car finance includes but is not limited to vehicle leasing. These different types of car finance are possible because of the high residual value of cars and the second hand car market, which enables other forms of financing beyond pure unsecured loans.

    Documentation needed to apply for an Rajkot Car Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Rajkot Car Loan Interest RatesUpdated on 18 Oct 2019

    Rajkot Car Loan Details
    Interest Rate (Monthly reducing balance) 10.5% - 12.75%
    Processing Fees Rs. 500 to Rs, 5,000
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% to 4% on outstanding loan amount
    Guarantor Requirement No guarantor required

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