Car Loan Khagaria

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Best Banks for Car Loan in Khagaria

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 Khagaria Features

car loan khagaria

Being a resident of a leading city like Khagaria, having your car must be on your wish list. But if you don’t have enough funds for it, then you have arrived at the right place! Dialabank is here to assist you to get car loans for both brand-new and second-hand cars, for both ex-showroom and on-road prices. With us, you can get access to many features of car loans in Khagaria such as: –

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 Khagaria.
The documentation process is quick and hassle-free, so we can help you fulfill your dream with great efficiency.
Car loans are easily available through DialaBank.

Car Loan Khagaria 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

Apply for a Car Loan

Car Loan Khagaria Documents Required

Documents required for car loan are as followed:

For Salaried Employee

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest 3-months 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: The Latest ITR proof of the applicant
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 Khagaria Eligibility Criteria

The car loan eligibility criteria requirements are as followed:

For Salaried Employee

Minimum age: 21 years for salaried individuals and 30 years in case of a self-employed
Maximum age at loan maturity: 60 and 65 years respectively for salaried and self-employed individuals
Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
Minimum Annual Income: For Salaried Rs 100000 net annual income.

For Self Employed

Minimum age: 21 years for salaried individuals and 30 years in case of a self-employed
Maximum age at loan maturity: 60 and 65 years respectively for salaried and self-employed individuals
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 Khagaria

Apply for a Car Loan

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Khagaria

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 Khagaria

The CIBIL score is referred to as what defines 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 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 Khagaria. This score may again vary from bank to bank. CIBIL score is important because if it is lower than the required value, you will be required to pay a high car loan interest rates on the loan amount.

Car Loan Khagaria Contact Number

In case of any queries regarding a car loan in Khagaria, you may contact us on the number 9878981166 for trustworthy assistance. Or you can also visit Dialabank.

Pre Calculated EMI Table for Car Loan Khagaria

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