Drive With These Instant Car Loans

Drive With These Instant Car Loans: Looking to buy a car? Check out these hassle-free Car Loan offers with no paperwork that is sure to get your engine purring.
A Car Loan will help you turn that dream into a reality. Although most loans require you to submit a bunch of paperwork that makes these loans seem unattractive, there are a few Car Loans that require no paperwork – they’re instant! So, you no longer have to print documents or even stand in long queues at bank counters to submit these documents.

Here are a few paperless-approval Car Loan and Used Car Loan offers available:

HDFC Bank Car Loan

Getting a Car Loan from HDFC bank has many benefits.

• Interest rates starting from 8.40% and can go up to 10.35%, fixed rate of interest
• No guarantor required for this loan
• Avail a top-up loan facility on it
• Part-payment is available
• Loan-to-value ratio (LTV) – 100% of the ex-showroom price of the vehicle

The processing fee can go up to Rs. 4,720 (one-time fee). The minimum loan amount you can avail is Rs. 1 lakh for a tenure of up to 7 years.

TVS Credit Used Car Loan

If a used car is on your mind and your monthly income is Rs. 15,000 or above, then you can apply for the TVS Credit Used Car Loan.

• You need to be between the age of 21 and 65 to apply for this loan
• You won’t need a guarantor for this loan
• Top-up loan facility is available
• Interest rate range – 13.1% to 15%, floating rate of interest
• The pre-closure fee is applicable

The processing fee applied to this loan is Rs. 999 (plus applicable taxes). The minimum loan amount you can avail is Rs. 20,000 and the maximum loan amount is Rs. 10 lakhs. The repayment tenure is up to 5 years.

Read Also Types of Motor Insurance in India

HDFC Bank Used Car Loan

Another stunner from HDFC bank is its Used Car Loan that offers e-approval and part-payment facilities and requires no guarantor.

• Interest rate range – 12% to 15.5%, fixed rate of interest
• LTV – Up to 80% of the cost of the vehicle
• Salaried individuals within the age group of 21 to 60 years are eligible
• Self-employed individuals within the age group of 25 to 65 years can apply for this loan
• Salaried folks must have at least 2 years of work experience with a minimum of 1 year at the current organisation
• Self-employed folks must have completed at least 3 years in their current business establishment

That’s all for the instant approval Car Loan and Used Car Loan offers folks!

With so many offers on Car Loans available, it would certainly be a pity if you still take the bus or ride in an auto every day. Don’t hesitate. Hit the road in a new set of wheels.