HDFC Car Loan: The Most Affordable and Feasible Option to Finance Your Car

There comes a point in our life when we should buy a car and say a goodbye to the public transport. I believe you must have saved some amount of money and the same amount of money can be used to pay your down payment. After working so hard, you too deserve to have a stylish car of your own, which you can use to go to any place you want to. A car loan is the perfect option for you to finance your car dreams. With a HDFC Car loan you can now buy a car of your dreams. The product can be availed by any applicant irrespective of a salaried individual or a self-employed person.

Salaried employees and self-employed individuals can secure a loan amount up to 3 and 6 times of their annual income respectively.  HDFC bank finances passenger as well as multi-utility vehicles (MUVs) for a tenure up to seven years. This article will provide you with every important information about the product.

HDFC Car Loan Eligibility:

A car loan seeker has to first meet the eligibility criteria set by HDFC bank in order to secure finance for buying a car. The norms of eligibility for different applicants have been given below.

Salaried Employee-

• Salaried employees employed in reputed private limited companies or any public sector undertakings are eligible to apply for this product.
• The applicant must be at least 21 years old when the loan is applied and must not be more than 60 years of age when the loan term expires.
• It is important to have a work experience of a minimum of two years. He/she should be employed with the current employer for a period of at least one year
• The applicant should earn a minimum annual income of ₹ 2,50,000. This can include the income of the co-applicant or spouse
• Having a post-paid mobile or a telephone is important

Self employed individual (Sole Proprietorship)-

• Self proprietors who are engaged in the business of trading, manufacturing and services are eligible to apply.
• The applicant must be at least 21 years old when the loan is applied and must not be more than 65 years of age when the loan term expires.
• The business must be stable for a minimum of two years
• The annual income requirement is at least ₹ 2,50,000.

Self employed (Partnership Firms)-

• This will include self-employed partners who are engaged in the business of trading, manufacturing and services
• A annual turnover of at least ₹ 2,50,000 is required

Self employed (Private Limited Companies) and Self employed (Public Limited Companies)-

• This will include any applicant who owns a private sector company which is dealing in the business of trading, manufacturing and services.
• A turnover of at least ₹ 2,50,000 per annum

Documents needed for a car loan:

Identity Proof- PAN Card, Voter ID Card, Passport, Driving License

Proof of Income-  The applicants are required to submit the below documents as a proof of their income.

• Salaried employee: A salary slip along with Form 16
• Self employed individual (Sole Proprietorship): Latest Income Tax Returns
• Self employed (Partnership Firms): Audited Balance Sheet, latest two years Income Tax returns and Profit and loss account of the last two years
• Self employed (Private Limited Companies): Audited Balance Sheet, P&L account of the last two years and Income Tax returns of the latest two years
• Self employed (Public Limited Companies): Audited Balance Sheet and P&L account of the last two years

Proof of Address-

• Salaried employee and Self employed individual (Sole Proprietorship):  Driving license/Telephone Bill/Ration card/Life insurance policy/passport copy/Voter card/ electricity bill/PAN Card
• Self employed (Partnership Firms), Self employed (Public Limited Companies) and Self employed (Private Limited Companies): Sales Tax certificate/Electricity Bill/Telephone Bill/SSI registered certificate/Shop & Establishment Act certificate

Bank Statement: You also require a bank statement of the previous six months

HDFC Car Loan Interest Rate and Processing fee

It is very important to secure the best Car loan interest rate from the bank in order to have a smooth and hassle free loan journey. The interest rate you get from the bank will depend on the segment of the vehicle you intend to purchase. The current interest rate charged for a new car loan is 11.50-13.75%. HDFC also charges a processing fee of 0.40% of the sanctioned loan amount along with the applicable services taxes.

HDFC Car Loan EMI Calculator

It is very important for you to have a clear knowledge about the EMI amount you will be paying to HDFC so as to repay your loan. In case you don’t pay heed to the EMI amount you can end up shaking up your monthly budget. By using this calculator you can easily know about the amount your require, the EMI amount you have to pay every month along with the processing fee you will have to give to the bank. You have to simply feed in certain details regarding the car model, your profession, monthly income and date of birth along with other information.

Now you received the essential information about HDFC car loan, you can decide whether you want to avail the product or not. If yes, approach the nearest HDFC bank branch as soon as possible.

Turn your dreams into reality with an Axis Bank Personal Loan

Dreams form the basis of our life. We, human beings have so many wishes which we crave to get fulfilled. All we want is to turn them into reality. Some desire to go to a long & extended trip to Europe while others wish to give a complete new look to their house. Some parents simply wish to send their children to the best foreign university in order to provide them the best education. While other parents want to ensure that their daughter has a picture perfect wedding function. Each one of these dreams is connected to the thread of finance. Finance plays a very important role in our life and helps us to realise our dreams.

So in case, you want to fulfil any of these wishes, you can secure an Axis Bank Personal loan. Axis Bank is one of the leading banks in the market and offers the product at competitive rates of interest for a period of five years. The minimum and maximum amount that can be secured by an applicant is Rs. 50,000 and Rs. 15 Lakhs respectively. The applicant can carry his/her existing loan from a different bank to Axis Bank. This article will provide you with relevant information about the product offered by the bank.

Axis Bank Personal Loan Eligibility

A loan seeker has to first meet the Personal loan eligibility norms set by Axis Bank in order to avail a personal loan. Applicants who are eligible to apply for a home loan include the likes of salaried doctors, employees of reputed private and public limited companies, salaried individuals, government sector employees in the central or states bodies or public sector undertakings and private & public limited companies.

It is important for the applicant to be at least 21 years of age while applying for the loan. Those who are below the age of 21 are not eligible for the product and hence can’t apply. Another thing which has to be considered is that the applicant should not exceed the age of 60 years whenever the loan term expires. This clearly means the loan has to be completely repaid along with interest by the age of 60 years. The bank has also prescribed a minimum net monthly income of Rs. 15,000. The applicant needs to earn at least this amount every month so as to secure finance from the bank.

Documents required

The following documents have to be submitted to the bank for obtaining the product successfully. Have a look at them-

• Fully filled application form
• Proof of Identity-Passport/Aadhar card/Voter ID card/Driving license/PAN card
• Proof of Age- Birth certificate/High school mark sheet/Passport
• Proof of Residence-Water bill/Passport/Telephone bill/Allotment letter/Electricity bill
• Photographs of passport size
• Income Proof- Salaried individuals: Income Tax returns of the previous two financial years, Form 16, and a latest salary slip
• Bank statement of the past six months
• Proof of signature verification- Passport/PAN card/Driving License

Axis Bank Personal Loan rate of interest

Applicants can secure a personal loan at an interest rate of 15.50% to 24%. The applicant must try to secure the best interest rate possible as the monthly EMI will depend the rate of interest. In case, the interest rate is high, the EMI amount too will be on the higher side.

Processing Fee

A processing fee between 1.50% to 2% plus the applicable service taxes is charged by Axis Bank. You must keep in mind that the processing fee is non-refundable and won’t be refunded back to you. You are not required to pay any prepayment or foreclosure fees.

Axis Bank Personal Loan EMI Calculator

This tool has been designed so that you can calculate the amount of your EMI and also check the total interest payable. One has to simply enter the desired loan amount, rate of interest and tenure period. After that, the results are displayed on the screen. You can use the calculator to compare the EMI amount on different loan rates of interest and tenure periods.

Axis Bank Personal Loan customer care

The interested applicant can contact on any of the toll free numbers of the bank for more information. The toll free numbers are -  18002335577 or 18002095577 or 18001035577.

Axis Bank Personal Loan Status

The applicant has the option to track the application status of his/her Personal loan by visiting the official website of the bank. There one has to enter his/her application id. As soon as the id is entered, the application status will be displayed on the screen.

Rejoice your Shopping Experience through American Express Credit Card

Are you looking to shop for your favourite dining or want to opt for travel privileges? Just go for the American Express Credit Card and enjoy the flexibility it gives on your every shopping experience. Select from a range of varied American Express Credit Card which matches your spending needs with the benefits to complement your lifestyle. Choose your own American Express Credit Card that accommodates your different taste, habits, and lifestyle so you can shop for more on a frequent basis. Get the benefits on your credit card which ranges from earning reward points, waiver in fuel surcharge, rebates in airlines and hotels, gift vouchers or cash back facility. Moreover, the dedicated customer care team is on call for you 24 hours a day, ready to take care of all your lifestyle needs.

Look for saving on your maximum purchases by choosing your favourite  merchants who are tied-up with American Express Bank for instantly servicing your needs. Just pick up a phone and book your exclusive restaurant, movie tickets, arrange a round of golf, place an order for delivering the flowers or book the finest spa session at the participating partners. Experience a quick service on your chosen American Express Credit Card so you may avail every shopping facility provided to you by the participating partners.  

American Express Credit Card Eligibility Criteria

To avail American Express Credit Card, you are required to fulfill the following eligibility criteria:

1. Your age should be over 18 years of age

2. You should possess a track record of a good credit history with no default payments.

3. If you are a self-employed applicant, in such a case you need to furnish an evidence stating that your company has been functioning actively for atleast 18 months(or 12 months in case if you are an existing American Express Credit Card holder).

American Express Credit Card Eligibility Check

Check your eligibility criteria within 30 seconds by going online on the portal of American Express. Just fill out the details as required herewith:

• Your Name
• Your Email & phone number
• Your date of birth
• Specify your gender: Male or Female
• Give your PAN Card details
• Specify your monthly income
• Provide your residence address

After submitting all the details, your eligibility criteria will get displayed in front of you. It will give you an idea whether you are entitled to avail American Express Credit Card or not.

Types of American Express Credit Card

Fulfill your diversified needs on an instant basis by securing your own American Express Credit Card from among the variety of cards available:

• The American Express Platinum Card
• The American Express Gold Card
• The American Express Platinum Reserve Credit Card
• The American Express Platinum Credit Card
• The American Express Platinum Travel Credit Card
• The American Express Make My Trip Credit Card
• The American Express Membership Rewards Credit Card

American Express Credit Card Payment Online

Wish to pay your household bills whether electricity, house tax or water bills or whatsoever? Just log-in to the American Express Credit Card portal and provide your card details such as your 15-digit American Express Card number and payment amount. Select your bank and proceed to pay. Once you confirm your payment, a status generated message will get displayed in front of you stating that your online payment has been successfully received.

American Express Credit Card Payment NEFT

Clear all your American Express Credit Card bill payments online the very next day from any bank by availing the provision of National Electronic Funds Transfer(NEFT). You are required to follow the 3-step procedure for settling your payments at ease:

1. Log-in to your online bank account

2. Get your American Express Credit Card Registration done as Payee

3. Select to pay via. NEFT and settle your payments immediately the very next day.

Moreover, you need to fill in the following details while registering yourself from American Express Credit Card as a Payee

• Payee Name
• Payee Account Number(comprising of the last 13 digits of your Card number)
• Bank Name
• Payee Account Type
• IFSC Code
• Branch Address

You are required to initiate your funds transfer before 4 p.m for getting credited on the very next day to your American Express Credit Card excluding Sunday and banking holidays. Also, ensure to feed your correct Card number for avoiding any transaction failure.

American Express Credit Card Payment Drop Box

Don't have an American Express Credit Card but want to settle your payments locally. Access to the drop box facility by dropping your bills along with signed cheques near your locality. Just log-in to the American Express-India-Customer Service-Drop Box Locator portal and choose your city and area, to find the nearest drop box. Walk- in  to that address and just drop your bills along with signed cheques in the drop box.

Everything You Need to Know About All Banks Personal Loan Interest Rates

If you have already availed a personal loan, you must be aware with all the important parameters one should always keep in mind. But, if you are someone who is going to avail the loan for the first time, article is worth reading for you. When it comes to availing this credit facility, it would not be wrong to say that there are many leading lenders, banks as well as NBFCs are available in the marketplace, best known for offering you the same. Now, here comes the big question, how to select the best lender? How do you know which lender is offering you the best deal? What are the points you need to keep in mind while selecting the lender which is best for you? Well, all this and much more is answered in the article below…

Before we move ahead, it's important to talk about All banks Personal loan interest rates because without mentioning the same, it would be difficult for you to understand the same. As we have already mentioned that there are many lenders, offering you the same credit facility but you only need to go with the one which is trustworthy and have a respectable imagine. However, to solve this problem of yours, in this article we are going to discuss about the top banks offering personal loan to you and at what interest rate so that you can easily choose the best lender. So without wasting any time further, let’s get started and discuss about these lenders in the article below….

SBI: If we talk about this bank, being of the prime lenders in the country, it would not be wrong to say that it offers a personal loan to meet your needs in the best possible way. This lender offers this credit facility at a rate of 11.90%-15% per annum. So, before you avail the same, it is important that you should also be aware of that so that you can get the best deal in the future.

ICICI: Another prominent name in the banking arena is ICICI which also offers this credit facility to the individuals at the rate of 11.29% -22% per annum. No matter what all personal needs you have, this lender ensures to meet all your needs by offering you this credit at the above mentioned rate.

HDFC: Now what should we say about HDFC. This reputed bank by offering this credit facility at an interest rate of 15.75%-20% per annum makes sure that all its esteemed customers can easily fulfill their personal needs. This bank got you covered for all the reason and with its quick and easy process it makes your journey smooth.

Bajaj Finance: Being a Non Banking Financial Company(NBFC), there is no denying the fact that, Bajaj Finance is also ruling the game by offering the personal loan at 12.75% onwards. With minimal documentation and quick and easy process, there is no denying the fact that this financial firm is also the favorite of many.

Kotak Mahindra Bank: With rich experience and years of expertise in the financial world, many of you will surely agree on the fact that this bank does not need an introduction. It is best known for offering the credit at an interest rate of 11.50%-24% per annum to cater the multiple needs of one and all.

Axis Bank: A bank which always comes handy to meet all your personal needs in the best way is none other than Axis. If we talk about the interest rate being offered by the bank, it offers the credit facility to the borrowers at 15.50%-24% per annum so as to meet the diverse needs of the people.

Well, now that you know about all banks Personal loan interest rates, I guess it would be an easy and smooth journey for you as far as choosing the best lender is concerned. You just need to go through the rates offered by these leading banks before saying yes to anyone. You can compare the lenders in terms of their rates and hence can easily decide the best lender, offering you the best deal for a personal loan.  

Make Buying Home an Easy Task with HDFC Home Loan

Throughout our life, we strive hard to accumulate wealth but don’t get the wishes fulfilled. Each one of us has the desire to decorate our house, to select the interiors and design the walls according to our taste. But all this is not possible in the rented house. We need to abide by the rental agreement and follow what landlord says. Rented house is just a shelter over the head where we live and move away after a certain period of time.

It cannot make you feel like home where you live a stress free life without worrying about paying the rent. You cannot connect with it and proudly say to others “It is my house”. While I know nothing can give more joy than the comfort of living in one’s own house but it is also true that not everyone has the opportunity to get the one. The reason behind it is the shortage of funds. Money hinder the access to our dream home.

If you too are sailing in the same boat and identify yourself stuck in the same situation then here is the perfect solution for you. You can take the HDFC Home loan from and get your dream home.

HDFC helps the people to accomplish their dream of owning a house. The bank provides loan for various purpose description of which is stated below:

Purpose for which loan is provided:

Home Loan: This can be availed by applicants who wish to purchase or construct a home. A person can make an application individually or jointly with another co-applicant.

Home Improvement Loan (HIL): The interior of the house actually reflects the owner’s preference or taste. It therefore, becomes important to upgrade or beautify it as per the changing times. After all, nobody wants to live in a house that is not repaired since ages, isn’t it? The bank offers HIL which facilitates external and internal repairs like painting, roofing, flooring, waterproofing or tiling.

Home Extension Loan (HEL): In case you wish to extend your house by adding a new bedroom for your child or study room for yourself, then this product perfectly fits the bill for you. This product offers you much needed financial support when you wish to extend your house to meet the growing needs of your family.

Plot Loans: You can get your home uniquely constructed at a place of your choice by availing the plot loan. The repayment option is customized to suit the needs of the customer.

How To Apply

The candidates interested in availing the loan from HDFC can apply for it either by visiting the bank branch or can apply online at official bank website. HDFC Bank disburses Home loan through HDFC Ltd. So, the applicant can directly apply for the loan there as well. You can apply directly, visit the nearest office, place a call or send an SMS.

Documentation Required

The customer needs to provide various documents in order to avail the loan. Various documents that need to be submitted by the bank are stated below:

• Completely filled application form
• Two photos of passport size
• Proof of Identity- Aadhar card/PAN card/Passport/Driving License/Voter ID card
• Proof of Residence- Passport/Electricity bill/Telephone bill/Voter ID card
• Proof of Income-  For Salaried individuals: Bank Statement of the last six months, Latest salary slip and Form 16. For Self-employed- Profit & Loss account and audited balance sheet of the last three financial years along with income tax returns of the last three years
• Proof of Business for self-employed individuals
• Documents relating to property- Allotment letter copy/Buyer agreement and a receipt of payment which is made to the developer
• Other important documents- A cheque for processing fee favouring ‘HDFC Ltd.’, Memorandum and Articles of Association, Partnership deed in case of a partnership firm

SBI Home Loan Interest Rate will help you Lower your EMI

Home is the best place on earth. There you can rejoice, stay with comfort and do whatever you feel like. You can create and modify things according to your wish and wants. But in the rented house you have to refrain from exercising authority and constrain your desire of modifying the house as per your requirements. With home loans getting cheaper why stay in the rented house. By availing loan at reasonable rates, go for your own house, the house of your wish, the home which is constructed as per your requirements. SBI, country’s largest bank provides a loan to the customer to help them fulfill their housing dreams. Also, SBI home loan interest rate are the best in the market. Recently, the bank has slashed the interest rates on the home loan and one can get the product at the rate as low as 8.35%.

The bank considers the need of all sections of society. It has proposed various Home loan variants to cater the requirement of all.

Home loan products offered under SBI Home Loan category:

State Bank of India provides a wide range of products under the home loan category which can meet the requirements of the people. Check them out right now-

• Flexipay Home Loan
• SBI Realty
• Maxgain
• SBI Pal
• Gram Niwas
• NRI Home Loan
• Shaurya Home Loan
• Privilege Home Loan
• Tribal Plus
• Shaurya Home Loan

Eligibility Criteria:

The loan can be availed by the candidates whose profile match the eligibility standards set by the bank. The eligibility criteria prescribed by the bank is mentioned below:

• The applicant’s age should be between 18 to 70 years. The maximum age of the applicant at the time of loan expiration should not be more than 70 years.
• If the applicant desires to secure funds from the bank, then he/she is required to earn a regular income. It is mandatory for all the applicants.

The applicants also have the provision to enhance their loan eligibility. All they have to do is add-

• The income of spouse/daughter/son if any one of them are living with the applicant, and have a steady and stable income. Having a salary account which is managed and operated by the State Bank is important
• The rent which is expected from the new property, just in case it is going to be rented out
• Regular source of income from all the available sources

Documents needed for a home loan:

The applicant has to ensure that he submits the documents on time if he wishes to successfully complete the process of loan disbursal. Don’t miss to check out the list of documents-

• Completely filled application form
• Proof of Identity- PAN card/Aadhar card/Driving license/Passport/Voter ID card
• Bank statement of the previous six months
• Proof of Residence- Electricity bill/Voter ID Card/Telephone bill/Passport/Property tax receipt
• Proof of Income- For salaried individual: IT returns of the past two years/Form 16 along with original salary certificate   For Self-employed individual: IT returns of the previous three financial years and  Assessment orders
• Three photographs of passport size
• Non- salaried class are required to show a business address proof

Interest rate and processing fees

 

The rate of interest charged by the bank for a home loan lies in the range of 8.50% to 9.10%. It is very important to check the interest rates thoroughly ass they determine the EMI amount you pay for your loan amount. The processing fee charged by the bank for the same is 035% of the loan amount sanctioned along with applicable service taxes.

The maximum and minimum amount will turn out to be Rs. 10,000 and Rs. 2,000 respectively.

SBI Home Loan Interest Rate

The Bank charges Home loan interest rate at both fixed and floating rates. The fixed rate of loan is applicable on the loan tenure of 2 years. The fixed rate ranges from 8.35% to 8.55%. The floating rate of interest also ranges from 8.35% to 9.05%. However, the rates variate according to the amount and the category of borrower. The lowest rate of 8.35% is offered by the bank to the woman borrower. Whereas, for other applicants, minimum rate is 8.40%.