Best Banks for Car Loan in Shahjahanpur
Feature
|
HDFC Bank
|
Private Bank
|
Kotak Mahindra Bank
|
Interest Rate (p.a.)
|
7.35 - 7.95%
|
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 Shahjahanpur Features
Want to buy a new automobile? Running short on Cash? Not to worry now. A car loan is a best and convenient manner to finance your car at a low-cost and require minimum documentation. The eligibility criteria aren’t also stringent in comparison to the other loans. If a character has a strong source of earnings and essential files, then the banks and NBFCs provide automobile loans easily with none trouble. Here you go with easy steps towards your desire to own a car in Shahjahanpur.
Car Loan Shahjahanpur 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 Shahjahanpur Documents Required
Documents required for car loan are as followed:
For Salaried Employee
- Income Proof: It is necessary to provide the latest 3-month salary slip with form 16
- Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
- Bank Statement: The last six months’ statement to be submitted by the applicant.
- Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
For Self-Employed
- Income Proof: Latest ITR proof of the firm by the applicant
- Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
- Bank Statement: The last six months’ statement to be submitted by the applicant.
- Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Car Loan Shahjahanpur Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried Employee
- The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
- The minimum age requirements are 21 years.
- The applicants should not be more than 60 and 65 years at the time of completion of tenure
- Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Shahjahanpur
- Minimum Annual Income: For such applicants, Rs 100000 net annual income is important to mention.
For Self Employed
- At least 3 years in operating business is mandatory
- The minimum age requirements are 30 years for the applicant
- The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
- Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Shahjahanpur.
- Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars
Car Loans for Car Manufacturers in Shahjahanpur
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Shahjahanpur
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 Shahjahanpur
CIBIL score is an important criterion based on which the banks and NBFCs approve a car loan to any customer. The minimum requirement of a CIBIL score for a car loan is different for every lending institution. Generally, a CIBIL score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.
One must clear all the pending dues and debts to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh car loan in the future.
Car Loan Shahjahanpur Contact Number
To get the best offers for a car loan you can visit Dialabank or call on 9878981166. Our relationship managers are well trained to offer personalized assistance with a deal most suited for you.
Pre Calculated EMI Table for Car Loan Shahjahanpur
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
You can calculate your EMI here: Car Loan EMI Calculator
About Shahjahanpur
Shahjahanpur district is one of the ancient districts of Uttar Pradesh in the Republic of India. It is a part of the Bareilly district that’s situated in the south-east of the Rohilkhand division. It was mounted in 1813 using the British authorities.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator
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