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Car Loans In Hyderabad

Are you looking for Car Loans in Hyderabad? Want us to help you choose the right loan to bring your dream car home? LMV Financial Services can aid you with it. You can borrow car loans from more than 25 banks in Hyderabad through us. If you satisfy the eligibility criteria set by the banks or NBFCs and have the necessary documents, you are all set to get a loan. Moreover, you can get a car loan at the lowest interest rate in the market with us. Whether it is your first car or 5th car, we will help you get the loan sanctioned from the bank you want. We are sure that you will get the best financing for your vehicle.

You can avail a new car easily with a car loan. If you are unsure whom to reach out to know the best car loan in the market, you can trust us. With us, the loan processing charges are very transparent, and there are no hidden charges whatsoever. Get a comprehensive car loan from the bank at the lowest interest and flexible repayment tenure with our assistance. With our car loans, you can now drive your dream car on the roads of Hyderabad. Also, you can get 100% on-road finance for your new vehicle with us.

Eligibility Criteria for Car Loans

You can check the eligibility criteria to avail of Car Loans in Hyderabad here:

  • The age of the applicant must be between 21 and 65 years.
  • The minimum monthly salary of the individual should be Rs. 25,000. The self-employed individual's annual income must be at least Rs.3 lakhs.
  • The salaried employee must work with the current employer for at least one year. The self-employed individual must have experience 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 a Car Loan in Hyderabad

If you are looking to apply for Car Loans in Hyderabad, you must possess these documents.

  • Identity proof like Aadhaar, Passport, Driving license, Voters ID card, PAN card
  • Address proof like Aadhaar, Passport, Driving license, Ration card, Utility bills
  • Income proof
  • Form 16
  • Last six months' salary slips
  • Bank statements for the previous six months
  • Latest Income Tax Returns

Benefits of Taking Car Loan Through LMV Financial Services

A car is considered a status symbol by most people, while few consider it a style statement. If you would like to apply for Car Loans in Hyderabad, you must know the benefits of taking the loan through LMV.

No Need to Drain the Wallets

Buying a car can be burdensome as it may cost quite huge. If you are short of the funds to buy a car, you can rely on a car loan and get the required funds from the banks/NBFCs. You need not use all your savings to buy a car. You can take a loan and repay it as per your flexibility in EMIs.

No Collateral Required

The banks/NBFCs don't ask for collateral in the case of car loans. This is because the car itself becomes collateral. So the borrower is not asked to offer collateral while taking a car loan.

Loans for Used Cars

Loan borrowers can also acquire loans to buy used cars or second-hand cars. However, the loan amount is decided based on the make and model of the car. You can still benefit from the loan amount to buy a used car.

Flexible Repayment Tenure

Though long tenure means high-interest rates, the loan borrowers can still benefit from the flexible repayment tenures offered by the banks/NBFCs.

Go for the High Down Payment Option

It is a good idea to go for a high down payment option as it will reduce the amount of loan taken from the bank. It will further reduce the number of EMIs, the repayment tenure, and the interest rate of Car Loan Finance.

Go with the Budget

Always go for a car loan within your budget as it may affect your repayment capability. Don't go overboard with the loan, as it may be difficult for you to repay it if it is out of your budget. Especially when you have other EMIs to pay, please don't take a loan out of your budget as it may push you to financial troubles.

Choose Loan Option Wisely

Always choose a loan option with low monthly EMIs and short repayment tenures. Don't fall prey to the tricks of the lenders and get into a loan that is too expensive for you to pay.

Pre-approved Home Loan

Pre-approved loans are offered to those with enough credits and financial status to repay the loan in time.

Home Purchase Loans

Home purchase loans are given to borrowers planning to purchase a home or flat.

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

%
|
5
|
7.5
|
10
|
12.5
|
15
|
17.5
|
20

Car Loan Tenure

Yr
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1
|
5
|
10
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15
|
20
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25
|
30

Calculated Results

Monthly Payments

Total Interest

Total Amount