Best Banks for Car Loan in Morinda
Car Loan Morinda Features
Within a few minutes, you will receive a complete list of e-mails from lenders who will avail of your online car loan in Morinda. you will know the interest rates of different car loans. if your salaried then you will get a car loan at a good interest rate. if you were self-employed then you will get the car loan at attractive interest rates.
Apply for a car loan
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 Morinda 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 Morinda Interest Rates
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 Morinda 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 photographs(coloured)
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 photographs(coloured)
Car Loan Morinda 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.100000 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 Morinda
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan in Morinda
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 Morinda
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 Car Loan Morinda. A Lower CIBIL score than 750 can attract a higher rate of interest.
A very low CIBIL score can not be accepted your car loan application as it is the first thing a bank tracks before processing pf your car loan. Your record of previous loans is taken into consideration for a Car Loan Morinda. If there are any delay payments for previous loans, it will act as a hurdle for availing of a fresh loan.
Car Loan Morinda Agent Contact Number
To get help or clear your queries regarding the car loan in Morinda, you can call 9878981166.
Pre Calculated EMI Table for Car Loan Morinda
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 Morinda
Online Car Loan EMI Calculator
About Morinda
Morinda is the city, located in the Rupnagar district in the Indian states of Punjab. It is located on Ludhiana-Chandigarh Highway NH95. It occupies 9 square kilometers.
It is known in the local region for housing one of the 23 co-operative sugar mills, It is also called Baganwaala, “The City of Orchards”.
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