Car Loan Saharanpur

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Car Loan Saharanpur

Best Banks for Car Loan in Saharanpur

Feature HDFC Bank Private Bank
Kotak Mahindra 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
Upto 90% on Ex- showroom

Car Loan Saharanpur Features

car loan saharanpur

Having your own car is not a status symbol anymore but it has become a necessity.

Buying these luxuries from the money from one’s own pocket isn’t always a feasible option.

This is where car loans help you. Car loans are provided by banks and NBFC’s for a specific period of time varying from 24 months to 60 months, for both brand new and second-hand ones.

Car loan Features in Saharanpur  include:

  • Easy monthly repayment options
  • Instantly available
  • Loan Tenure period varies from 1-7 years
  • Affordable interest Rates
  • No hidden charges
  • Quick approval with minimum documentation

Car Loan Saharanpur Interest Rate

Bank Processing Fee
Prepayment Charges
HDFC Bank Car Loan (1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan 1 % to 2.50% Nil
Private Bank Car Loan 0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan 500/- to 0.50% Nil
Kotak Car Loan 1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
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 Saharanpur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Address Proof: Passport Copy / Telephone Bill / Electricity Bill / Ration card / Driving license / Voters card / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest Income Tax Return
  3. Address Proof: Electricity Bill / Life Insurance Policy / Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / PAN Card
  4. Bank Statement: Last 6 months.
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Car Loan Saharanpur Eligibility Criteria

The car loan eligibility requirements are as followed in Saharanpur:

For Salaried Individuals:

  1. Minimum age: 21 years
  2. Minimum employment:  1 year in the current place of work and 2 years of total employment.
  3. Minimum Annual Income: Rs 100000 net annual income.
  4. Maximum age at loan maturity: 65 years

For Self Employed Individuals:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: A minimum of 3 years in business.
  4. Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Saharanpur?

Availing a car loan Saharanpur is an easy process with Dialabank. Just follow some steps to avail the best offers:

  • Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
  • To avail a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!

Car Loan for Major Car Manufacturers in Saharanpur

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Saharanpur

Category Details
Processing Charges
1999 - 4999 + Tax
Prepayment
No prepayment is allowed until 12 EMIs are paid
Preclosure
No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges
13-24 months: 2% of loan principal outstanding
>36 months: Nil Charges
Stamp Duty
As per state laws
Cheque Bounce Chgs
₹ 550/chq + GST
Floating Rate of Interest Not Applicable
Overdue EMI Interest
2% p.m.(on overdue amount)
Amortisation Schedule Chgs Rs 200 + GST

CIBIL Score Required for Car Loan in Saharanpur

You can check your CIBIL report to verify your credit score. The general range of score is from 300 to 900 but a score of 750 or more can get you a low-interest rate. However, the car loan rate of interest for a score of 650 to 750 which may provide a high-interest rate. If you have defaulted in your CIBIL report, or have a very low score, your application may be rejected.

The CIBIL score is based on your payment history across loans and credit cards. Maintain your CIBIL score in order to save more money.

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Car Loan Saharanpur Contact Number

Dial us up at +919878981166 to get more information about car loans at Saharanpur and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Saharanpur

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 Saharanpur

Saharanpur is a city and a municipal corporation in the Indian state of Uttar Pradesh. It is the administrative headquarters of the Saharanpur district.

Saharanpur city grew in a region named after a Sufi Saint Shah Haroon Chishti. It was founded by Sah Ranbirsingh, a Jain nobleman, who laid the foundations of the present-day city on the site of an army cantonment.

The Saharanpur Botanical Gardens, known as the Company Garden and once the preserve of the British East India Company, is one of the oldest existing gardens in India, dating to before 1750.

Then named Farahat-Bakhsh, it was originally a pleasure ground set out by a local chief, Intazam ud-Ullah. In 1817, it was acquired by the British East India Company 

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

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Car Loan EMI Calculator

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