Car Loan Allahabad

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Car Loan Allahabad

Best Banks for Car Loan in Allahabad

Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Allahabad Features

Car Loan Allahabad

Are you indulgent in new cars and want and to purchase a newly arrived car? Does it cost more than your budget? If yes, Car Loans is the answer to all your questions. It helps you arrange the mandatory funds to purchase your dream car. We are bringing Car Loan in Allahabad with the Lowest Car Loan Interest Rate and minimal documentation process.

Although it is a secured loan, you are not required to put any other asset as collateral as the car you purchase serves as the collateral security itself.

Car Loan Allahabad 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
ICICI 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 Allahabad Documents Required

Documents required for car loan are as followed:

  1. Any government authorized ID such as Aadhar Card/ Driving License/ Passport Copy, etc.
  2. Income proof in the form of previous 3 months bank statements and salary slips for a salaried individual and recent ITR files for a self-employed individual
  3. 2 recent passport size photographs
  4. Proof of address such as Water Bill/ Telephone bill/ Voter ID/ Passport Copy

Car Loan Allahabad Eligibility Criteria

The car loan eligibility requirements are as followed:


  • 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.
  • Least Annual Income: Rs 100000 net yearly pay.


  • Minimum age: 30 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: At least 2 years in business
  • Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

How to Apply for Car Loan in Allahabad?

Applying for a car loan is an easy and appropriate process. The best way to Apply For Car Loan is by applying online.

  1. Visit our website DialaBank.
  2. On the menu bar, go to auto loans and select Car Loans on the main page.
  3. Fill an online application and proceed to provide all the necessary details
  4. You must provide your current contact number so that our executives can get in touch with you for further assistance.

The offline method is available for applying a car loan which requires the individual to physically visit the nearest branch office of the bank and perform the formalities.

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Car Loan for Major Car Manufacturers in Allahabad 


Processing Fees & Prepayment Charges on Car Loan Allahabad 

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Allahabad

CIBIL score is the basis of checking your previous credit behavior. Thus, the lenders have a minimum CIBIL score requirement based on which the loan is approved. Generally, if an applicant has a score above 800 then they are eligible for availing a car loan at an on-road price.

Ensure that an applicant should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh loan in the future.

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Car Loan Allahabad Contact Number

To get an instant car loan you can visit our website or call on 9878981166 to get the best assistance. Our executives are well trained and will assist you in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Allahabad

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 Allahabad

Enclosed by the river Ganges and Yamuna on three sides, it is one of the sluggishly populated and the largest cities of the North Indian state of Uttar Pradesh. In ancient times, it was known as Prayag meaning the place of sacrifices, and officially known as Prayagraj. Ever since it has been found, it has granted effectively in India’s history and cultural life. The north Indian and Mughal Cuisine amalgamation here has widely endeavored.

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Car Loan EMI Calculator

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