Saraswat Bank Super Fast Car Loan

1. Salaried employees and self-employed individuals can avail the loan.

1. The maximum repayment tenure is 7 years.

1. Loans are offered at attractive interest rates.

1. Up to 100% of the ex-showroom price of the car may be provided as a loan.

1. No security needs to be provided to avail the car loan. The car will act as the security.

1. You can shift the car loan to Saraswat Bank from another bank.

Saraswat Bank Super Fast Car Loan – Interest Rates

The interest rates range between 8.55% p.a. and 9.60% p.a. The interest rate will depend on the CIBIL score.

Saraswat Bank Car Loan Processing Fee

The processing fee that will be levied will depend on the loan amount and is mentioned in the table below:

Eligibility Criteria for Saraswat Bank Car Loan

The eligibility criteria that must be met to avail the Super Fast Car Loan offered by Saraswat Bank are mentioned below:

1. Salaried employees who have worked for at least one year.

1. Self-employed individuals with a regular source of income.

Documents Required for Saraswat Bank Car Loan

The list of documents that must be submitted to avail the Super Fast Car Loan are mentioned below:

1. Application form.

1. Proof of address.

1. Proof of identity.

1. Proof of income

o   Salaried Employees: Bank statement (last 3 months) and salary slips (last 3 months).

o   Self-Employed Individuals: Bank statement for last 3 months, balance sheet, profit and loss account (last 3 years), and  Income Tax Returns.

1. The authorised dealer must provide the Proforma Invoice.

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score