Saturday, April 30, 2016
Friday, April 29, 2016
Car Loan - One Solution for You
If you are planning to buy a car, then it’s obvious that car loan will be required. Car loan is normally used to purchase New/used car, commercial vehicle etc.
The first thing will be which car to purchase. The goal is to find the Invoice price of the car. The “Invoice” price is what the dealer paid the manufacturer for the car. And here the negotiations of the price begin. Many people get finance from the car dealership, but this isn’t financially responsible. Dealership interest rates are usually much higher than the loan rates obtained from the banks and credit unions. The bank or credit union is one of the best places to start researching car loan rates and you can get “relationship discounts” that you won’t find anywhere else.
Buying a car is moreover a chess match, or it’s a war. Purchasing a new car is one of the most vital investments you will create in life. In fact, you may be paying off this car for the next four, five, or six years.
Car loan EMI calculation was never this easy. Just enter the amount of loan you want to get financed and interest rate. EMI Calculator calculates installment on reducing balance. EMI Calculator does not include any other processing fee or possible charges which may be applicable as per the rules of financing institutions.
DOCUMENTS REQUIRED
- ID proof (PAN Card, Driver's license, Voter ID, Passport, Aadhar)
- Address proof (Electricity bill, Telephone bill, Ration card, Bank statement, Credit card statement)
- Passport Size Photo
- 3 month's Salary slips
- 6 month's Bank statement
- Last 2 years form 16
- Form 16/ITR for last 2 years
- Quotation of car
- Receipt of Booking/Advance payment (If any)
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