To dream is easy, but to turn dreams into reality is difficult. Car khareedne ke dream ko reality banaye, with these 5 pointers:
Kisi bhi loan ke liye bank ko aapke documents chaiye hote hai. A bank considers proofs of identity, age/DOB & address proof as KYC documents, in addition to income proof. Documents complete aur updated hone se loan milna aasaan ho jata hai. AU Bank
prides itself on its hassle-free documentation process. Moreover, if a bank approves your loan before buying a car, then this pre-approved car loan will help you buy the car under favourable conditions
2. Look for the best interest rate:
Before applying/taking a loan, make sure that you prepare a list of car loan interest rates offered by different banks and institutions. At the same time, aap apne car dealers se bhi baat kare kyonki, dealers have connections with different lenders, through whom you may get favorable interest rates.
3. Tenure/Time limit of loan repayment:
You have to repay the car loan after a decided and fixed time period. For this, you need to ensure that you choose your time period/tenure wisely, kyonki kaafi baar lenders aisa offer dete hai jo apko dekhne me pasand aaye, but in the end you will realise that the amount you have paid in total is way more than you expected it to be. Isliye, minimum time period ka loan select karna chaiye, taki usme zada byaj (interest) na bharna pade.
4. Calculate all the fees and charges:
To avail a car loan you are required to pay various fees, charges and interests like EMI, interests, service charge, processing fees, foreclosure penalties, etc. Therefore, apko ye dhyan rakhna chaiye ki kaunsa bank or institution kitni fees/penalties charge karta hai. Depending on that amount, you should compare different lenders. Finally, choose the lender that charges you the least.
5. Ask for better schemes and offers:
Various institutions or banks offer attractive schemes for car loans
. You should try to get your hands on the best deal possible and pay a reasonable amount for a car loan.
So, the above points will increase your chances of getting a car loan. Toh ab, aapke car khareedne ka sapna badi aasani se saakar hoga.
Know more about how does a car loan work