Best Banks for Car Loan in Chhindwara
Car Loan Chhindwara Features
Thinking of purchasing a new car? But don’t have the required funds for it? Do not worry! A car loan is here for you. A car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a car, for both brand-new and second-hand ones and for both ex-showroom and on-road prices. The prices of cars increase day by day but with a car loan, you can choose your own tenure and pay off at your own convenience. The main features of a car loan in Chhindwara are:
- Car loans are available at low-interest rates
- Almost all major banks and NBFCs offer car loans in Chhindwara
- The documentation process is quick and hassle-free
- Car loans are easily available through DialaBank
Car Loan Chhindwara 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 Chhindwara Documents Required
Documents required for car loan are as followed:
For salaried:
- Identity Proofs such as your Passport copy, PAN Card, Voters ID card, Driving License will be required.
- Income Proof includes the latest 3-month salary slip with form 16
- Address Proof includes anything among your ration card, driving license, voters card, passport copy, telephone bill, electricity bill, life Insurance policy, or a PAN card.
- Bank Statements from the last 6 months will be required.
For self-employed:
- Identity Proofs such as your Passport copy, PAN Card, Voters ID card, Driving License will be required.
- Income Proof includes the latest ITR proof.
- Address Proof includes anything among your ration card, driving license, voters card, passport copy, telephone bill, electricity bill, life Insurance policy, or a PAN card.
- Bank Statements from the last 6 months will be required.
Car Loan Chhindwara Eligibility Criteria
The car loan eligibility requirements are as followed in Chhindwara:
For salaried:
- The minimum age should be 21 years, while the maximum age at loan maturity should be 60 years
- The minimum employment for a Salaried employee should be 1 year in current employment and a minimum of 2 years of total employment
- The Minimum Annual Income for a salaried employee is Rs 100000 net annual income
For self-employed:
- The minimum age should be 30 years in case of a self-employed, while the maximum age at loan maturity should be 65 years
- The minimum employment should be at least 3 years in business
- The net profit should be Rs. 60000 p.a. for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Chhindwara
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Chhindwara
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 Chhindwara
The CIBIL score is referred to as what defines 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 to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Chhindwara. 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 rate interest rate on the loan amount. Thus, a CIBIL score is an important factor in a car loan.
Car Loan Chhindwara Contact Number
In case of any queries regarding the car loan in Chhindwara, you may contact the number 9878981166 for any sort of assistance, we give the best advice!
Pre Calculated EMI Table for Car Loan Chhindwara
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
Car Loan EMI Calculator
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