Factors that Affect Jammu And Kashmir Bank car loan

  • Principal- The principal is the Jammu And Kashmir Bank car loan amount that you avail from the lender or banker. It is directly proportional to your other EMIs - lower principal of loan will lower your monthly instalments and vice versa.
  • Rate of interest- The rate of interest is the rate at which the lender or banker offers you the Jammu And Kashmir Bank car loan. It is also directly proportional to the value of your Jammu And Kashmir Bank car loan EMIs.
  • Tenure- The tenure is the time within which you repay your Jammu And Kashmir Bank car loan. The tenure is inversely proportional to your other loan EMIs - longer tenure makes the monthly installments or EMI amount cheaper and vice versa.

Things to consider that affect the Jammu And Kashmir Bank car loan:

  1. Income Levels
  2. Stability of Income
  3. Vehicle or car type 
  4. Credit History( loan repayment history)
  5. Employment Status for Salaried
  6. Business Longevity for Self-employed 
  7. Relationship with Lender or banker
  8. Category of Your Employer





  • Allahabad Bank