Best Car Loan with a 750 Credit Score 2023

 Hello Readers 

                          Today's post is all about whether can you apply for a car loan with a 750 credit score or not so if you want to know the answer then read this post till the end.

best car loan with a 750 credit score

A car loan is a financial assistance that is given by a bank or any financial institution to any person to buy a car without paying the entire amount upfront.

This loan amount has to be paid by the individual in the form of monthly installments and credit score matters a lot for such loans.

That's why we talk about car loans with a 650 credit score so if your credit score is near 650  then you can read this post.

Now let's start our article:

Eligibility Criteria For Car Loan With 750 Credit Score

You can check the eligibility criteria in the table given below

Eligibility Criteria	Details
Minimum Age	At least 21 years old
Credit Score	750 or above
Income Stability	Stable and regular source of income
Employment History	Steady employment record
Documentation	Valid identity, address, income proof, and bank statements

How to Improve Your Chances of Approval

Let's check the important points for instant approval

Tips to Improve Approval Chances	Explanation
Timely Bill Payments	Pay all bills on time, including credit cards and utilities.
Reducing Debts	Try to pay off existing debts to lower your credit utilization ratio.
Limited Credit Applications	Avoid making multiple credit inquiries within a short period.
Monitor Credit Report	Regularly review your credit report for errors and discrepancies and improve your credit score.
Choose Affordable Car	Opt for a car that fits within your budget to avoid financial strain and make repayments more manageable.
Higher Down Payment	Offering a higher down payment reduces the loan amount.
Co-Applicant or Guarantor	Having a co-applicant or guarantor with a stronger credit profile like a family member.

best car loan with a 750 credit score

Let's Check some  car loan  for a 750 credit score:

Loan Details	ICICI Bank Car Loan	Axis Bank Car Loan	PNB Car Loan	IDBI Bank car loan
Interest Rate (Floating)	13.75% (approximately)	7.35% per annum	8.75% to 9.60% p.a.	8.75% p.a. onwards

1.) Axis Bank Car Loan

If you too are looking for a car loan under a 750 credit score with low interest, then Axis Bank Car Loan can be a good option for you.

This loan goes from Min Loan Amount ₹ 100,000 to 90% of On Road Price or 100% of the Ex-showroom Price which is quite attractive.

Now let's look at other features

Loan Details
Interest Rate	7.35% per annum
Min Loan Amount	₹ 100,000
Max Loan Amount (Loan to Value)	Up to 90% of On Road Price or 100% of Ex-showroom Price
Loan Tenure	1 year to 7 years
Lowest EMI / Lac	₹ 1,526
Minimum Net Monthly Income	₹ 15,000
Minimum ITR for Self Employed	₹ 300,000
Age Criteria	Salaried: 21 years to 60 years
	Self-Employed: 21 years to 65 years
Types of Cars	For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs).
Axis Bank Car Loan Processing Fee	0.40% of the principal amount
Foreclosure Charges	No foreclosure charges are levied after the first 12 EMIs
	Up to 2% before the first 12 EMIs
Documentation Requirement	ID Proof, Address Proof, Salary Slip, Bank Statement, and Car Quotation

2.) PNB Car Loan With a 750 credit score

Let us now talk about our next car loan which is PNB Car Loan. PNB also offers car loans with a 750 credit score at an interest rate of 9.80% p.a. Is.

Now if we talk about more requirements

Loan Details
Floating Interest Rate	8.75% to 9.60% p.a.
Fixed Interest Rate	8.85% p.a.
Loan Tenure	New Car: Up to 7 years
	Used Car: Up to 5 years
Processing Fee	Rs. 1,000 to Rs. 1,500
Loan Amount	Up to Rs. 1 crore or 25 times the net monthly income, whichever is lower
Lowest EMI per lakh (Fixed rate)	Rs. 802 (At 9.50% p.a. fixed interest rate for 7-year tenure)
Proposed Inspection Charges	Nil
Prepayment Charges	Floating rate: Nil
	Fixed rate: 2% of the outstanding pre-paid

3.) ICICI Car Loan For CIBIL score of 750

Let us now talk about our third choice a car loan from ICICI Bank. You should have a minimum CIBIL score of 750 for an ICICI Bank Car Loan, only then you can apply for the car loan.

Now if we talk about the requirement apart from CIBIL score, then for ICICI Bank Car Loan then 

Loan Details
Amount of Loan	100% of the on-road price
Rate of Interest	13.75% (approximately)
Tenure	7 years
Processing Fees	Starting from Rs. 3,500 to Rs. 8,500
Prepayment Charges	5% of principal outstanding

4.) IDBI Bank car loan

IDBI Bank car loan is our fourth choice, in this loan, you get to see the interest rate between 9.30% to 9.90%, which depends on credit score, income, down payment, loan period, etc.

Loan Details
Interest Rate (Floating)	8.75% p.a. onwards
Interest Rate (Fixed)	9.20% p.a. onwards
Loan Tenure	Up to 7 years
Processing Fee	Rs. 1,000 plus taxes
Lowest EMI per lakh	Rs. 1,624
Prepayment Charges	1% Documentation charges
	According to the actual cost
Penal Interest Charges	2% p.a.

Conclusion

Here in this post, we add some best car loan with 750 credit score so if you are searching for a car loan with 750 credit score then you should read our post till the end.