Best Banks for Car Loan in Rourkela
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 Rourkela Features
No one can stop dreaming whether it is buying a car or any other item. When you have sufficient funds you can easily borrow the desired item at once, but it becomes impossible to borrow the desired things at low-interest rates. A car loan is the best way to arrange funds in a short time with easy and simple loan procedures.
Car Loan Rourkela provides financial assistance to the customers at the best affordable interest rates.
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. A car loan is a secured loan with easy repayment choices. The loan amount is given on Interest charges which differ from bank to bank. One can pay for the vehicle in easy payments.
Some of the features are:
- 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 Rourkela Interest Rates
Apply for a Car LoanBank | 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 Rourkela Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Proof of Identity: Copy of Passport, Driving License, PAN Card, Electoral Photo ID card can be used as ID proof.
- Income Proof: 3 months or 6 months salary slip with Income Tax Return
- Address Proof: Driving License, Electricity Bill, PAN Card, Voter ID Card, and Life Insurance Policy are valid residence proofs.
- Last six months’ bank statement
For Self-employed individuals:
- Proof of Identity: Copy of Passport, Driving License, PAN Card, Electoral Photo ID card can be used as ID proof.
- Income Proof: Income Tax Return.
- Address Proof: Driving License, Electricity Bill, PAN Card, Voter ID Card, and Life Insurance Policy are valid residence proofs.
- Last six months’ bank statement
Car Loan Rourkela Eligibility Criteria
The car loan eligibility requirements are as followed in Rourkela:
For Salaried Individuals:
- The minimum age required to avail of a loan is 21 years.
- The maximum age at the loan maturity ought to be 65 years.
- The salaried claimant should be employed for 1 year in current employment and a minimum of 2 years of total employment.
- The minimum annual income for the salaried claimant should be Rs 1,00,0000 net annual income.
For Self-employed Individuals
- The minimum age required to avail of a loan is 21 years.
- The maximum age at the loan maturity ought to be 65 years.
- The Self-employed claimant must be active in Business for at least three years.
- The Self-employed claimant should have a net profit of Rs 60,000 per annum for standard cars and Rs 1,00,000 per annum for mid-sized premium cars.
How to Apply for Car Loan in Rourkela?
Apply for a Car LoanAvail car loan online in Rourkela is an easy process with DialaBank. These are the steps you should understand:
- Visit our website at Dialabank.
- Click on the car loan option accessible on the menu.
- Fill in the details about the car type and your income.
- Wait as our relationship manager will get in touch with you on your given number.
- You may also contact our relationship managers on 9878981166 in case of any queries.
- The offline process may require physical labor.
Car Loan for major car manufacturers in Rourkela
TABLE WILL APPEARProcessing Fees/Prepayment Charges on Car Loan in Rourkela
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 Rourkela
CIBIL score which is also known as credit score is the score that defines the credit-history of an individual. The effectiveness with which a person has paid off his previous loans is depicted through this credit score. Any kind of loan including the car loan requires an excellent CIBIL score of the individual. The exact value may differ from one bank to another with time. But, a score of 750 and above is always considered a good score and makes the entire process of car loan in Rourkela easier.
Apply for a Car LoanCar Loan Rourkela Contact Number
For any assistance regarding instant car loan, you can call us on 9878981166
Pre Calculated EMI Table for Car Loan Rourkela
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 Rourkela
Apply for a Car LoanIn the coastal state of Odisha, Rourkela is an Indian city and the 3rd biggest city of the Odisha state following Cuttack and Bhubaneshwar. Besides being a big city, it is home to the largest steel plant aka SAIL (Steel Authority of India). Also, the city has its National Institute of Technology as well.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator Rourkela
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