Unicorn Capitals Car Loan is easy-to-get, quick and convenient. Everything you want from a Car loan, is right here. Get upto 90% finance on your car value.
Besides speedy and transparent processing, the firm offers a host of other benefits on its car loan including flexible tenures and competitive interest rates.
These unmatched benefits make our products among the best car loan in the market.
Eligibility:
The following people are eligible to apply for a Car Loan:
- A salaried or self-employed individual
- Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
- Those who earn a minimum gross income of Rs. 75,000 per year for a salaried profile, and Rs. 70,000/- per year for a self-employed profile
Documentation:
The following documents are required along with your Car loan application:
- For Salaried Individuals:
- A copy of any of the following as proof of residence:
- Aadhaar card
- Ration Card
- Voter’s ID Card
- A copy of any of the following as proof of identity:
- Aadhaar card
- Voter’s ID Card
- PAN Card
- Driver’s License
- Employer’s Card
- Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months
- Salary slip for the previous 6 months showing all deductions
- Form 16 for the previous 2 years
- Insurance to be lien in the name of Unicorn Capitals
- A copy of any of the following as proof of residence:
- For Self Employed Professionals/Individuals:
- Certified Financial Statement for the previous 2 years
- A copy of any of the following as proof of residence:
- Ration Card
- Aadhaar card
- Voter’s ID Card
- A copy of any of the following as proof of identity:
- Aadhaar card
- PAN Card
- Voter’s ID Card
- Driver’s License
- Employer’s Card
- Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months
- Insurance to be lien marked to Unicorn Capitals.
Rates & Fees:
Enclosed below are Unicorn Capitals Car Loan Interest Rates & Charges*
| Fee | Amount to be Paid |
|---|---|
| Loan processing charges | 1% of the loan amount subject to a minimum of Rs. 1000/- |
| Pre-payment charges | < 6 Months – 5% of Principal Outstanding, 7-12 Months – 4% of Principal Outstanding > 12 Months – 3% of Principal Outstanding |
| No Due Certificate/No Objection Certificate (NOC) | NIL |
| Duplicate of No Dues Certificate/NOC | Rs. 100/- |
| Charges for late payment of EMI | Rs. 500/- or 10% of unpaid EMI whichever is higher to be paid per month |
| Stamp duty & other statutory charges | As per applicable laws of the state |
| Cheque swapping charges | Rs 500/- |
| Amortization Schedule charges | Rs 200/- |
| Loan cancellation charges | NIL (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and processing fees would be retained.) |
| Cheque bounce charges | Rs. 350/- per cheque bounce |
| Legal/incidental charges | At actual |
| Collection fees | 36% of unpaid balance or Rs. 3000/- whichever is higher for every notice |
* – above charges does not include GST and is applicable as per current government policy.
The above charges and rates are under the sole discretion of Unicorn Capitals, subject to change without prior notice.