Bandhan Bank Car Loan Interest Rate

• 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.

Here is a table to show the Bandhan Bank car loan interest rate for 2024-

• 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.

• 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)

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.

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.