Car Loan Bundi

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Car Loan Bundi

Best Banks for Car Loans in Bundi

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 Bundi FeaturesCar loan Bundi

Everyone wants to own a car to fulfill the needs of his/her loved ones. Purchasing a Car requires a huge amount. To buy your dream car, you can opt for Auto Financing.

It is an easy process of getting a loan on the Lowest car loan Interest Rates and Affordable EMIs. You can pay for the vehicle in easy installments. We will assist you in availing of the Best Car Loan.

“No frequent visits to the Bank. Save your precious time. The Best Car Loan will knock at your door. Avail the Doorstep and Personalized Services of Dialabank and enjoy the ride of your dream car”.

Car Loan Bundi 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

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Car Loan Bundi Documents Required

Documents required for car loan are as followed:

For salaried:

  • 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:

  • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof:  Latest ITR
  • 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 Bundi Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

  • 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 100000 net annual income

For self-employed:

  • 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 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Bundi

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees & Prepayment Charges on Car Loan Bundi

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
>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 Bundi

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Bundi Contact Number

For any loan queries in Bundi, you may call us on 9878981166 and we would be happy to assist you.

Pre Calculated EMI Table for Car Loan Bundi

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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About Bundi

Bundi is a city in the Bundi district in Hadoti region of Rajasthan state in northwest India and former princely state of rajputana agency.

car loan

FAQs about Car Loan Bundi

✅ Can I get a loan to purchase a used car in Bundi?

Yes, you have to use your credit history and previous arrangement with the prospective bank or any other lender in Bundi to negotiate the interest rate on your car loan. Regularly paying your past loans/credit cards EMI with your prospective bank or any other lender will help you get a car loan with a lower interest rate.

✅ What is the typical tenure of a car loan in Bundi?

A car loan can last anywhere between one to five years. The higher the EMI, the shorter your loan term, and the opposite is valid for longer car loan terms. Currently, only limited lenders are offering car loans on terms of up to seven years in Bundi.

✅ Do I need a loan guarantor or co-borrower in Bundi?

If you are unable to meet the lending institution’s eligibility standard, such as monthly salary, age, or credit score, a loan guarantor or co-borrower is required. You can even apply for a car loan of your own.

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