Car Loans In Chennai Details

It is impossible to imagine a life without vehicles like bikes and cars. Everyone dreams of owning a vehicle, especially a car, as it can accommodate an entire family. Also, it is safer to ride a car than a bike. Having a car is essential while living in metropolitan cities like Chennai. If you belong to Chennai and have plans to buy a car, you can do that with the help of car loans. Car Loans in Chennai are very easy to avail with LMV Financial Services. If you are alien to car loans, worry not! We will help you with your car loan and travel throughout the process.

We have a track record of offering top-notch services to our customers. We assisted many of our customers in owning their cars at the lowest interest rate in the market. You can get easy and instant car loans with us. You can choose from a wide range of car loan options if you go through us. If you are short of funds or want to keep some of your savings for unexpected emergencies, you can go for a car loan and repay the loan every month. You can also choose to repay the loan on your terms with us without burdening yourself financially.

Eligibility Criteria to Apply for Car Loan in Chennai

The eligibility criteria differ from bank to bank; however, most critical criteria remain the same.

• The loan seeker must be aged between 21 to 65 years.
• The applicant's annual income must be more than three lakhs per annum.
• The applicant should be in the job for at least two years and must be working in the current organization for at least one year. The self-employed individuals should be in the business for at least two years.
• Check out your emi options now from our Car loan emi calculator

Documents Required to Apply for Car Loans in Chennai

The records required to apply for Car Loans in Chennai are:

• Proof of Identity like Aadhaar, Voter's ID, Passport, Driving License, etc.
• Age proof like PAN Card, Passport, Aadhaar, etc.
• Address Proof like Passport, Aadhaar, Driving License, etc.
• Past six months' bank statement
• Income proof (Form 16, IT returns)

How to Avail Car Loans in Chennai at Lowest Interest Rates?

By abiding by these points, you can avail of car loans in Chennai at the lowest interest rates.

Maintain Your Credit Score

Your credit score matters enormously, and it should be more than 750. If your credit score is up to the mark, you will get a car loan at a lower interest rate in the market. You must pay the EMIs on time to keep the credit score high. Lenders can develop trust in you over your repayment capability if your credit score is high. If your credit score is low, you may not be able to get the loan sanctioned.