Once known as the base of the mighty Maratha Empire, Pune is a culturally rich city. One of the fastest growing cities in the Asian region, it is renowned for industrial and auto industries. The Automotive Research Of India has its base in Pune and the company is responsible for approving the running of automobiles in India. Leading car manufacturers such as the Tata Motors, Mahindra, GM, Volkswagen, Jaguar, Mercedes Benz, etc. have set up their facilities in Pune and the city is well known as the Motor City of India.

Car Loan Popularity In India

With so many new banks launched in the Indian market and car loans being offered by almost all of them, the competition between banks has become tougher. And that has benefited the customer because more and more Car Loans are now being offered at the most competitive rates and each bank attracts car loan seekers with exciting offers and discounts from time to time. Therefore, owning a car in this age is not as tough as it was a decade ago.

There are a lot of options for an average car loan seeker as the car loan segment caters to the needs of all sorts of borrowers. So whether you are looking for a budget car or a premium segment car, car loans have got it covered for you.

Car Loans In Pune

With such a noticeable automotive sector in Pune, car loans are a huge attraction as you have a lot of choices. Apart from popular banks, there are many independent financial institutions that offer car loans in Pune residents. Let us examine the eligibility and documents required to avail a car loan in Pune.

Car Loan Eligibility in Pune

The average eligible age is between 21-65 years. While the minimum income varies for each bank, a minimum monthly income on an average falls at Rs. 3,00,000 per annum. You must also be employed for a minimum of two years at your current organization.

Car Loan Paperwork In Pune

☞Photo Id Proof – Any valid government ID proof.

☞Age Proof – Any valid government ID proof.

☞Address Proof – Any valid government ID proof with the current address or a valid rent agreement.

☞Car Loan application completed and signed by the applicant.

☞Income Proof (whichever is applicable) – Last 6 months of bank statements/last 3 months’ salary slips/Form16 for the latest financial year/latest IT Return that shows income computation/Audited balance sheer and P&L account.

List of Banks offering Car Loans

There are a number of banks that offer car loans in Pune. Many even offer instant approvals with minimum documentation.

State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Dena Bank, Capital First Bank, Federal Bank, Reliance, Sundaram Finance, Yes Bank, Allahabad Bank, Bank of India, Canara Bank, Central Bank, IDBI Bank, Indian Bank, Larsen &Toubro Finance.

Find Car Loans offers at Letzbank for purchase of a new or used car. Purchase a taxi or avail re-finance all through a single platform. Options for availing loans as well car re-finance are available online . Choose car as per the type, make, brand, model and city. Make use of featured car loan offers to drive home your Car -Letzbank!

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