APPLY FOR LOAN AT YOUR FINGER TIPS 

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How to Apply for Car Loans

You can also apply for car loan or any kind of loan at your finger tips. There are various websites like paisabazaar.com , policybazaar.com  which are certified and helps you to get loan at cheap interest rates and provides you instant loans.

Follow these easy steps to apply for a car loan online :

* Go to specific website like Paisabazaar.com
* Click on Car loan under the loans section.
* A page will be displayed on which you need to fill your personal details like your name , address , contact detail , model of the car you want to buy , monthly income , the amount of loan etc.
* After you input these details mentioned above you will be able to see the different offers from different lenders .
* In the next step you will be able to check your eligibility . In this page you will get complete detail about the offers , rating of the product , the maximum amount of loan you can avail , monthly installments , processing fees etc.
* By choosing the bank whose offer you want to take , you need to fill another form . This form is negotiated with bank . These informations will be handover to bank which includes your complete address , PAN card number , Adhar card number , phone number etc.
* Click on submit button .
* Before approving the loan bank will check your Credit Information and then will approve your loan .

HOW TO CHOOSE THE RIGHT CAR LOAN

Before opting for a Car loan one must remember these points –
1. The Interest Rate – One should compare the interest rates charged by different banks and companies providing you the loan amount .
2. The Car loan must be limited within your asset , Car.  It should not charge any other property or asset of the borrower.
3. Short Term policy – Lower the term policy , lower the rates and lower the period  of repayment .
4. Start chasing out on the equity in your home or putting down a larger down payment .

CONDITIONS TO APPLY FOR CAR LOAN

☆ The borrower should be employed , salaried or owner of business
☆ He / She must be an Indian resident
☆ Minimum age should be 21 years old and not more than 65 years
☆ Should meet the minimum repayment capacity or minimum salary requirements
☆ They must be in a current job or business for more than two years to know his / her constant earnings

BENEFITS OF APPLYING ONLINE

It is Hassle Free :-  Applying online saves both your time and effort . You can apply for car loan by sitting anywhere.
Easy Comparison :- There is no need to rush here and there . You can easily compare within few minutes by knowing on your finger tips .
Round The Clock Service :- There is no time boundation for applying loan online . You can apply anytime . While Banks and Companies work only during office hours.
By -Yash Garg

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