Auto Loan in Delhi
What is Auto Loan?
- An auto loan is basically a loan that you take out in order to purchase a vehicle.
- As the name itself suggests that it is a loan given for buying a vehicle and even it includes refinancing.
- The major specialty of this loan is that vehicle itself is a collateral & no other collateral to be offered to avail this loan
Age Criteria for Auto Loan in Delhi
- Salaried minimum age of Applicant 21 year
- Self-Employed Minimum age of Applicant 23 years
Income Tax Benefits
Taking an auto loan is used as a tax planning tool by all the businessmen. Under the Income Tax Act two benefits are available as following:-
- Interest paid on car loan.
- Depreciation @ 15 % on written down value.
Who All Can Avail?
- Salaried- Minimum period in current job 1 year
- Income:-Minimum Annual salary INR 2.4 lakh
- Self-Employed-Experience: Minimum period in current business 2 years
- Income: Minimum Annual Business Income 2 lakh
Benefits Through MMM
We offer best services and benefits in terms of functionalities are as under:-
- Comparison between different banks.
- Calculation of saving through balance transfer calculator.
- Customized and self explanatory eligibility & quotes.
- Self evaluation of loan eligibility.
Benefits in terms of services:-
- Best ROI and fees.
- Free tax planning by tax experts.
- Hassle free & door step services.