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.