Best car finance company in Karnataka


What is Car Financing ?

When you do not have sufficient funds in your bank , you usually look for borrowing the fund either from a bank or non-banking finance company. Financing a car means taking out a loan from a third party ( Bank or NBFC) to pay for a car — is common. But car loan icomes with a cost, which you pay to the lenders through any interest and fees as negotiated with the bank.

Buying a car for an average individual customer is a Catch-22 situation: You need funds for buying a car but you would need a car to get to work to earn money. In a simple words financing your car means borrowing a car loan from a third party that you repay over time. When you take a car loan from bank, you agree to pay back the amount you borrowed, plus interest and other fees ( borrowers T& C) , within a set period of time. Shopping around and comparing loan offers could save you significant money in interest and fees.

Dynamics of Car Financing Market in Karnataka

The age group for availing loan facility is in between 18-65 years. T maximum age of 65 should be at the time of maturity of the loan.

  • Salaried individuals

  • Self-employed individuals have their own business set up and running trusts or registered societies.

The new car loans are offered anywhere between 24 and 60 months, although few finance companies offer 84- or 96-months tenure. Car loans with a repayment period of more than five years are provided with a higher interest rate. Used Car Loans are offered to a maximum of 5 years or the car's remaining useful life, which is earlier. The maximum age considered is ten years, inclusive of the loan tenure.

Karnataka – The Red Hot Car Market

“Karnataka continues to be the most preferred destination for investors and has attracted the highest FDI inflow in the country in Apr-Jun 2020 quarter. The state received investments worth Rs.10,255 crore ($1,350m) in these three months amidst pandemic,” he tweeted. In a series of tweets, the Chief Minister said Indias first sector-specific investment Rs 3,540 crore Consumer Electronics and Durable Goods cluster will come up in Hubbali.” – Quote from the Financial express dated October 23 , 2020. And when it comes to Car Market Post COVID , the car market in the state is red-hot as on today.

Every famous car brand is putting its best products forward in a bid to garner the most of the buyer's financial pie. The prevailing positive spirit in the market compels lenders to ensure that they make the financing process as easy & seamless as possible, and you've got a situation where getting your dream car is easily within reach.

aagey.com - The First Digital Lending Aggregator Platform to provide the best Car Loan Solutions

Aagey.com provides borrowers with single-window loan solutions where lenders are Private Banks, PSBs, Co-operative Banks, and NBFCs. The company makes the entire financial assistance process hassle-free and straightforward through an Automated Assessment Engine with personalized CV financial advice. The company works with 75+lenders and have attractive loan offers catering for the commercial vehicle market.

If you are looking forward to a loan to buy your dream car, please log on to http://aagey.com/car-loan/ to avail the best interest rates.