Car Loan Mahasamund

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Best Banks for Car Loan in Mahasamund

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 Mahasamund Features

car loan mahasamund

Looking to buy your first car? Then why wait, just visits Dialabank. Buying a car is not always for everyone. Especially for middle-class people, it can be a Hercules task. It is important to keep certain precautions in mind as making heavy decisions to buy a car these days has become a symbol of status.

You can fulfill your dream of availing your dream car once you meet the necessary requirements like an acceptable CIBIL score, required documentation, etc.

We provide car loans starting at an attractive rate of interest to both self-employed as well as salaried individuals. We offer car loans on new and used cars.

Some key features of car loan in Mahasamund are the following:

Easy monthly repayment options are available for you.
Instantly car loan available
Loan Tenure period varies from 1-7 years
There is a provision of an affordable interest Rates offers to fulfill your desires.
There are no hidden or additional charges

Car Loan Mahasamund 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 Mahasamund Documents Required

Documents required for car loan are as followed:

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.
2 passport size photos

For Self Employed Individuals:

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

Car Loan Mahasamund Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment
Minimum Annual Income: Rs.300000 net annual income

For Self-Employed Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 3 years in business
Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Mahasamund

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Mahasamund

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 Mahasamund

CIBIL score also known as credit score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan in Mahasamund. The CIBIL score required for car loans, according to their own requirements may vary from one lender to another. Most banks or NBFCs accept a CIBIL score of 750 and above to process your car loan application in the city. In case of a low CIBIL score, you might also be required to pay a heavy interest rate on the amount of the car loan.

A very low CIBIL score can lead to rejection of your loan as it is the first thing a bank tracks before processing your loan. Your record of previous loans is taken into consideration for a Car Loan Mahasamund. If there are any delay payments for previous loans, it will create a barrier for availing of a fresh loan.

Car Loan Mahasamund Agent Contact Number

In case of any query related to a car loan in Mahasamund or any kind of assistance kindly visit on the number 9878981166.

Pre Calculated EMI Table for Car Loan Mahasamund

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 Mahasamund

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About Mahasamund

Mahasamund City is a city in Mahasamund District in the Indian territory of Chhattisgarh. It is one of the significant and 12th greatest cities of the State. The city is separated into 30 wards and four zones and it is the greatest city in the Trans-Mahanadi territory.