Car Loan Ashoknagar

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Best Banks for Car Loan in Ashoknagar

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate	8% - 8.4 %	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 Ashoknagar Features

car loan ashoknagar

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, whether new or used.

Since cars have become a necessity for everyone, a car loan comes into play and fulfills your desire to be the owner of your dream car. The main features of a car loan in Ashoknagar are:

Car loans are available at low-interest rates, which may vary from bank to bank so make sure you compare and choose wisely.
Almost all major banks and NBFCs offer car loans in Ashoknagar in your vicinity
The documentation process is quick and hassle-free
Car loans are easily available through DialaBank. we make sure our customers get the best facilities!

Car Loan Ashoknagar Interest Rates

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

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Car Loan Ashoknagar Documents Required

The essential documents required to get a car loan approved in Ashoknagar are as follows:

For Salaried Individuals:

Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest 3-month salary slip with form 16
Residence 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:

1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest ITR
3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: Last 6 months.

Car Loan Ashoknagar Eligibility Criteria

car loan ashoknagar

The car loan eligibility requirements are as followed in Ashoknagar:

Salaried Individuals:

The age should be a minimum of 21years.
The maximum age limit should not exceed 60 years span.
A minimum of 1 year in current employment and a previous minimum of 2 years of total employment is necessary
A minimum of Rs 100000 income per annum

Self-employed Individuals:

The age should be between 30-65 years.
At least 3 years of working business.
A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Ashoknagar

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Ashoknagar

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
Prepayment Charges	>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 Ashoknagar

The CIBIL score is referred to as your ability to pay off your credits and is based on your repayment history. A higher Credit score means good credit history and makes your car loan application process smooth and easy, while a lower score can charge you a higher interest rate. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Ashoknagar. This score may again vary from bank to bank. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Ashoknagar Contact Number

In case if you have queries regarding the car loan in Ashoknagar, you may contact us on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Ashoknagar

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 Ashoknagar

Ashoknagar is located in the state of Madhya Pradesh. Chanderi, located in Ashoknagar, is especially famous for its brocades and muslins, and its handwoven Chanderi saris. Its tourist attractions include the ancient Shiv Mandir, Garhi and Mata Mandir, the Chiniya cave etc. Its population is around 82000.