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SK Finance Car Loan
SK Finance Car Loan
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SK Finance Car Loan
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SK Finance Car LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 650+ |
| Loan Amount & Tenure | 1
Lac to 15 Lac (12 month to 60 month) |
| Loan to Value(LTV) | Upto 80% of on Road Price |
| Type of Funded Vehicle | New Car & Commercial Car |
| Rate of Interest & Type | 18% to 22% (Fixed) |
| Processing Fees | Upto 3% of Loan amount |
| TAT | Sanction-3
Days Disbursement-3 Days |
| Foreclosure Charges | 5% after 6 month |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | 21 Year-55 Year |
| Applicant Minimum Income | No Minimum Income Criteria |
| Business Vintage for Self Employed Applicant | 2 Year |
| Minimum Job Experience for Salaried Applicant | 2 Year |
| Whether Co-Applicant Mandatory | Mandatory |
| Part Payment Allowed | Yes, after 6 month |
| Product | 1.
Cash Income-15 Lac 2. Banking Product-15 Lac 3. Income Program-15 Lac 4. No Income Proof-15 Lac |
| Negative Profile | No Negative Profile |
| USP | 1.
Cash Rental Income Can be Considered 2. Funding without Income documents |
SK Finance Car Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 18 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,168 |
| Total Interest | ₹ 10,016 |
| Loan Amount + Interest | ₹ 110,016 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,351 | ₹ 4,153 | ₹ 27,504 | ₹ 76,649 | 23.35 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,651 | ₹ 5,861 | ₹ 82,512 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for SK Finance Car Loan
Salaried Person
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KYC of applicant
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Last 3 Month Salary Slip
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Last 12 month Bank Statement of applicant
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Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant
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Quotation of Car
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Latest Utility Bill of co-borrower if Owned premises else rent agreement if rentedSanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
Self Employed
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KYC of applicant & Co-Applicant
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KYC of Co-BorrowerLast 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Copy of Last 12 month GST return if applicable
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Quotation of Car
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Sanction letter of all running loan
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
About SK Finance New Car Loan
Are you ready to spice up your life with a brand-new car? A SK Finance car loan may get you the keys to your dream car! Apply now to take advantage of exclusive incentives, such as lower financing rates for early birds. Don't put off driving in style any longer; make your automotive dreams a reality with an SK Finance car loan today!"
SK Finance provides more than just car loans; they become partners with you on your route to car ownership. That goal is just a few clicks away with a SK Finance car loan. Apply today, and you'll not only get quick approval, but you'll also get limited-time cashback rewards on your first EMI payment. Don't wait any longer; begin your car journey with SK Finance today!"
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
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