Best Banks for Car Loan in Jamnagar
Car Loan Jamnagar Features
Want to purchase a dream car? But don’t have the required funds for it?
Not to worry! DialaBank brings a car loan for you. A car loan is a means of funding or financial
help provided by banks and NBFCs to applicants having some income at an affordable rate of interest to aid them in buying a car of their choice. Since cars have now become a necessity for everyone in this fast-moving world, the cost of cars is also growing rapidly.
This is where a car loan comes into play and fulfills your desire to be the owner of a luxurious car of your preference. The main features of a car loan in Jamnagar are:
- Car loans are available at affordable car loan interest rates
- Almost all major banks and NBFCs offer car loans in Firozabad
- The documentation process is quick and hassle-free
- Car loans are easily available through DialaBank
Car Loan Jamnagar 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 Jamnagar 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: Passport Copy / Telephone Bill / Ration card / Driving license / Voters card / 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 Jamnagar Eligibility Criteria
The car loan eligibility requirements are as followed in Jamnagar:
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 Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
- Minimum employment: A minimum of 3 years in business.
How to Apply for Car Loan in Jamnagar?
Availing a car loan Jamnagar 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 Jamnagar
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Jamnagar
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 Jamnagar
The CIBIL score is what defines your ability to repay off your credits in the past. A higher Credit score means that you have a good credit history and make your application process smooth and hassle-free to be processed.
Usually, all the banks and NBFCs require a credit score of 750 and above to approve your loan application process in Firozabad. This score may also vary from bank to bank as per their own regulations. In case a CIBIL score is less than the required value by the banks you will be required to pay a high rate interest rate on the loan amount.
Apply for a Car LoanCar Loan Jamnagar Contact Number
Dial us up at +919878981166 to get more information about car loans at Jamnagar 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 Jamnagar
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 Jamnagar
Jamnagar is a city located on the western coast of India in the state of Gujarat in the Saurashtra region. It is the administrative headquarters of the Jamnagar District. Jamnagar is the largest city on the westernmost side of India and is the fifth-largest city of Gujarat state after Ahmedabad, Surat, Vadodara and Rajkot.
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