Car Loan Ambala Cantt

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Best Banks for Car Loan in Ambala Cantt

Feature
HDFC Bank
ICICI 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 Ambala Cantt Features

car loan ambala cantt

If you are a resident of Ambala Cantt and want to own your dream car but don’t have the funds for it, you have come to the right place! Dialabank is here to help you get a car loan with great convenience for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. In Ambala Cantt, you can get access to a wide range of appealing features  when it comes to a car loan:

  • Car loans are available at low-interest rates, which may vary from bank to bank
  • Almost all major banks and NBFCs offer car loans in Ambala Cantt in your vicinity
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank

Car Loan Ambala Cantt 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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Ambala Cantt Documents Required

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The essential documents required to get a car loan approved in Ambala Cantt are as follows:

For salaried:

  • Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof:  the latest 3-month salary slip with form 16
  • Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statements: for the last 6 months.

For self-employed:

  • Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof:  the latest ITR proof
  • Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statements: for the last 6 months.

Car Loan Ambala Cantt Eligibility Criteria

The car loan eligibility requirements are as followed in Ambala Cantt:

For salaried:

  • Minimum age: 21 years
  • Maximum age at loan maturity: 60 years
  • Minimum employment: 1 year in current employment and a minimum of 2 years of total employment
  • Minimum Annual Income:  Rs 100000 net annual income, while for a self-employed

For self-employed:

  • Minimum age: 30 years
  • Maximum age at loan maturity:  65 years
  • Minimum employment: at least 3 years in business
  • Minimum Annual Income: the 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 Ambala Cantt

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Ambala Cantt

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 Ambala Cantt

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The CIBIL score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy, on the other hand, a lower score might charge you a higher interest rate. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Ambala Cantt. This score may again vary from bank to bank. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Ambala Cantt Contact Number

In case of any queries regarding the car loan in Ambala Cantt, you may dial-up the number 9878981166 for any sort of assistance!

Pre Calculated EMI Table for Car Loan Ambala Cantt

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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