Best Banks for Car Loan in Aurangabad
Feature
HDFC Bank
Private Bank
Interest Rate (p.a.)
7.35 % - 7.95 %
8.5 % - 9.5 %
11 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Car Loan Aurangabad Features
Today car is not merely an object of luxury but has become a necessity of life. Buying a car is very easy when you have enough capital to cater to your need of purchasing a car. However, if you are short of cash, Car Financing is the best option available at the Best Car Loan Interest Rate without much hassle. Dialabank provides you with a car loan at the lowest interest rate and minimal documentation.
Car Loans are secured types of loans where the car you purchase acts as collateral security which can be confiscated by the lenders in case of failure of repayment.
Car Loan Aurangabad Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
IIFL Car Loan
Nil
Nil
Muthoot Car Loan
Nil
Nil
Manappauram Car Loan
Nil
Nil
PNB Car Loan
0.70% to 1%
Nil
Canara Bank Car Loan
0.01
Nil
Andhra Bank Car Loan
Nil
Nil
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Aurangabad Documents Required
Documents required for car loan are as followed:
For Salaried:-
- Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed:-
- Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
- Income Proof: Latest ITR
- Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Aurangabad Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income: Rs 1,00,000 net annual income
For Self-Employed:-
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: at smallest 3 years in sales
- Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars
How to Apply for Car Loan in Aurangabad?
The best way to finance your car is by applying online car loan. Applying for a car loan is an easy and appropriate process.
- Visit our website Dialabank.
- Fill an application form by selecting Car Loans on the main page.
- Provide all the necessary personal and professional details to check for car loan eligibility.
- Provide your current contact number so that our relationship managers can assist you further in the loan approval process.
The offline method is available for applying a car loan which requires the individual to physically visit the nearest branch office of the bank and perform the formalities.
Car Loan for Major Car Manufacturers in Aurangabad
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan in Aurangabad
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Aurangabad
CIBIL score shows the lending and repayment behavior of the previous loans taken by the applicant. Thus, the lenders have a minimum CIBIL score requirement based on which the loan is approved. Generally, if the borrower has a score above 800 then they are eligible for availing a car loan at an on-road price.
It is important that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities to avail a car loan in the future.
Car Loan Aurangabad Contact Number
To get an instant car loan Aurangabad you can visit our website or call on 9878981166 to get the best assistance. Our executives are well trained and will assist you in order to provide you with a deal most suited for you.
Pre Calculated EMI Table for Car Loan Aurangabad
Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466
About Aurangabad
Named after the Mughal emperor Aurangzeb, Aurangabad is a city in the state of Maharashtra. The city attracts a number of tourists and is surrounded by a number of historical monuments, including the famous Ajanta caves and Ellora caves. The city is also called “The city of caves”. The total population of the city is 11.8 lakhs.
Special Note: Banks do not provide Car Loans to applicants with poor credit history, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator Aurangabad
Other Car Loan Cities in Maharashtra
Car Loan Alibag | Car Loan Ahmednagar |
Car Loan Akluj | Car Loan Thoubal |
Car Loan Akot | Car Loan Imphal |
Car Loan Akola | Car Loan Churachandpur |