Karnataka Bank Car Loan

Car Loan @ 7.25%*

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car loan rates

Why Karnataka Bank Car Loan

Features

  • Know your Car loan eligibility in 1 minute, available online and across all branches.
  • Highly competitive interest rates for Car loans.
  • Special offers, interest rates and nominal charges for Karnataka Bank account holders.
  • Special Car loan offers* for women employees.

Benefits

  • Simple documentation
  • Competitive pricing
  • Car loan disbursal in just 2 days*
  • Transparent procedure
  • Carloans available for various needs

Karnataka Bank Car Loan Documents

Karnataka Bank Car Loan Documents

Simple and easy documentation for Karnataka Bank Car loans (though documentation varies from individual to individual). The document requirement is based on your profession, income and loan requirement.

  • Proof of identity: Copy of passport/voter ID card/driving license
  • Last 3 months bank statement/6 months bank passbook
  • Latest salary slip/ current dated salary certificate with the latest Form 16
  • Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport

 

Karnataka Bank Car Loan Eligibility

Karnataka Bank Car Loan Eligibility Criteria

Regular Income Group: This category includes salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings including central, state and local bodies.

Eligibility Criteria:

  • Age: 21-60 years.
  • Employment: Have had a job for at least 2 years, and a minimum of 1 year with your current employer
  • Earning: Minimum income: Rs. 12,000/- per month net income

Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, cochin)

* Interest rate can vary as per individual’s portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with.
* The Organisation do not charge money from customers.