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Car Loans in Bangalore Details

Bangalore is the third biggest city in the country, population-wise. With high-quality living, it is the fastest-growing city in India. It is the home of many IT companies, famous educational institutions and industries. If you hail from the Silicon Valley of India and want to roam in your car in and around the city, you can quickly get Car Loans in Bangalore from us. If you are short of your savings to buy your desired car, you can happily rely on a car loan to bring your new car home. You can apply for a car loan in Bangalore hassle-free with LMV Financial Services.

LMV is a named finance corporation with first-hand experience in assisting customers in getting the loan sanctioned effortlessly from the desired banks. If you are considering buying a car and looking for financial assistance in the form of a loan, look no further. We at LMV can help you get a car loan quickly. Moreover, there are many benefits that you can avail of by taking a car loan through us. For instance, you can enjoy long repayment tenures, low-interest rates and the best EMI options.

Documents Required to Apply for a Car Loan in Bangalore

The car loan applicant must submit certain documents while applying for Car Loans in Bangalore.

  • The salaried individual must submit identity proof such as a Voters ID card, PAN Card, Passport copy, Driving License, etc.
  • Salaried employees must submit the last three months' salary slips with form 16, while self-employed individuals should submit the latest ITR as income proof.
  • Address Proof like Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
  • Last six months' bank statement
  • Check out your emi options now from our Car loan emi calculator

The eligibility requirements for Car Loans in Bangalore are as follows:

  • The minimum age of the car loan applicant must be 21 years, and the maximum age must be 65 years.
  • The applicant must have a minimum of two years of work experience and must be working with the current employer for at least a year. Coming to self-employed individuals, they must have three years of experience in the business.
  • The minimum annual income of the loan borrower must be three lakhs per annum.

Why Choose LMV Financial Services for a Car Loan

If you are eyeing getting a luxury car or sports car and you are short of money, or you have to use up all your savings to buy the car, you better opt for a car loan instead of using all your savings on the car. You can get a loan and reduce the financial burden that may come in the form of emergencies. You can enjoy many benefits if you get a car loan through LMV Financial Services.

Best EMI Option

If you are worried about the EMI amount you must pay after getting the car loan, fret not! With LMV, you can pay as low EMI as possible at your convenience. You can choose the amount you want to, and you can pay every month until the end of the tenure.

High Repayment Tenure

You must choose us if you want to opt for a high repayment tenure. LMV offers a high repayment period of up to 7 years. This means you can clear your car loan within seven years.

Low-Interest Rate

Getting the loan may be easy, but getting it at a low-interest rate is what matters the most, and we will make sure to help with it. You can avail of the loan at a low-interest rate with the best bank in Bangalore. The best way to get a low-interest car loan is to have a good credit score. The bank will consider you a good borrower, which will likely issue you a car loan at an attractive interest rate.

EMI Calculator

Car Loan Amount

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0
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2cr
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4cr
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6cr
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8cr
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10cr

Interest Rate

%
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5
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7.5
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10
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12.5
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15
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17.5
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20

Car Loan Tenure

Yr
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1
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5
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10
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15
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20
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25
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30

Calculated Results

Monthly Payments

Total Interest

Total Amount