Bandhan Bank Car Loan Interest Rate

Bandhan Bank Limited is an Indian private sector bank. Its headquarters are in Kolkata. Bandhan Bank Limited was established in 2015. It has 1197 locations.

It offers its customers all financial services such as saving deposits, fixed deposits, recurring deposits, home loans, personal loans, car loans, education loans, gold loans, P.P.F. accounts, lockers, net banking, NEFT, mobile banking, RTGS, E-Wallet, Atal Pension Yojana, IMPS, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Man Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and numerous other schemes.

Apart from this, the bank also specializes in providing customers with car loans that they can easily avail of. It is to offer a term loan for the purchase of an automobile or four-wheeler for personal usage. This could be either new or used.

Characteristics of the Bandhan Bank Car loan

  • In the case of new cars - banks will lend you up to 80-100% of the on-road price. A car's on-road pricing comprises the ex-showroom price, state government tax, and insurance costs.
  • Tax Advantages: If you are self-employed or a business owner and use your automobile for genuine business purposes, a car loan can help you save money on taxes. If you are self-employed or a business owner, you can deduct the interest paid on your car loan as a business expense. Your taxable income or salary would be reduced by the amount of interest paid on a car loan during the fiscal year.
  • Flexible payback terms: You can choose any loan repayment term between one and seven years.
  • There will be No Need to Liquidate Your Investments: If you obtain a car loan, you will not be required to liquidate any investments you have made for other purposes.
  • No hidden fees: Bandhan Bank vehicle loans have no hidden fees, so you know what you're paying for.
  • Car selection: There is a large selection of new and used automobiles, including luxury models.
  • Flexible terms: To get the best rate, you can choose from a number of durations, including months and years.

Bandhan Bank Car Loan Interest Rate 2022

Here is a table to show the Bandhan Bank car loan interest rate for 2022-

New Car Loan Bandhan Bank Car Loan Rate

Minimum Bandhan Bank Car Loan Interest Rates

Mean Car Loan Interest Rate Bandhan Bank

Maximum Bandhan Bank Car Loan Rate

6.66%

8.09%

9.50%

Who is Eligible for a Car Loan from the Bandhan Bank?

  • Professionals, self-employed individuals, and those who are income tax assessees, as well as individuals engaged in agriculture and related activities
  • Age range: 21 to 60 years.
  • Permanent personnel of the state/central government, public sector undertakings, corporations, private sector firms, and reputable establishments.

Required Documents to Get this Loan

  • Voter ID, P.A.N. card, driving license, passport, utility bill, telephone bill, or ration card are all acceptable forms of address proof.
  • Bank Pass or Bank Statement Book with entries from the previous six months.
  • Income proof (anyone): most recent pay stub, prior year's Form 16, bank statement for the last six months.
  • KYC (Know Your Customer) Documents.
  • Voter's I.D., P.A.N. card, driver's license, passport.
  • The applicant's most recent photograph.
  • Age verification- S.S.C., H.S.C., and degree course mark sheets/pass certificates (Optional)

How to Apply for a Car Loan from Bandhan Bank?

Bandhan Bank may be a fantastic alternative for you if you need a car loan. Here are some hints when applying for a Bandhan Bank vehicle loan-

  • First, determine your borrowing requirements. A valid and no-expired driver's license and proof of insurance are required. You must also supply the bank with your current monthly income as well as your projected monthly payments.
  • Fill out the application form next. Include all necessary information and submit it with your driver's license and proof of insurance.
  • Once your application is complete, you must wait for the bank's decision.

Customer Care of Bandhan Bank

You can contact Bandhan Bank if you have any questions about Bandhan Bank Car Loan. The phone number for customer assistance is 1800-258-8181. They will be able to assist you in locating the finest vehicle loan solution for your circumstances.

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