Best Banks for Car Loan in Amravati
Car Loan Amravati Features
Nowadays buying your favorite vehicle is the dream of every individual, but due to the insufficient amount of money, it is difficult to own your vehicle.
So car loan is here to remove all your related to the car. This loan is an offer which provides finance to people for buying a car.
A car loan allows a person to pay for the vehicle in installments rather than spending it at once. It requires a minimum documentation process and fewer fees process.
Car Loan Amravati Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest Income Tax Return
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Amravati Eligibility Criteria
The car loan eligibility requirements are as followed in Amravati:
For Salaried Individuals:
- Minimum age: 21 years
- Minimum employment: 1 year in the current place of work and 2 years of total employment.
- Minimum Annual Income: Rs 100000 net annual income.
- Maximum age at loan maturity: 65 years
For Self Employed Individuals:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: A minimum of 3 years in business.
- 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 Amravati?
Availing a car loan Amravati 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.
- For availing 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 Amravati
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Amravati
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 Amravati
The CIBIL score is referred to as your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy.
Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Amravati. This score may again vary from bank to bank.
In case of a low CIBIL score than the required value, you will be required to pay a high car loan interest rates on the loan amount. Thus, a CIBIL score is an important factor in a car loan.
Apply for a Car LoanCar Loan Amravati Contact Number
Dial us up at +919878981166 to get more information about car loans at Amravati 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 Amravati
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 Amravati
Amravati is a city in Maharashtra. Amravati the second-largest and populous city of the Vidarbha region after Nagpur. It is the administrative headquarters of the Amravati district. Among the historical landmarks in the city are the temples of Shree Ambadevi, Shri Krishna and Shri Venkateshwara Swamy. The city is famous for Hanuman Vyayam Prasarak Mandal, one of the largest sports complexes in India, which is famous for its facility for different kinds of sports.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Apply for a Car LoanCar Loan EMI Calculator
Car loan EMI can be calculated by Car loan EMI Calculator provided by Dialabank. It’s totally free to use and you can use it as many times you want. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.
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