Car Loan Ambala Cantt

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Car Loan Ambala Cantt

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 loan is 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 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 Ambala Cantt Documents Required

Documents required for car loan are as followed:

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

Apply for a Car Loan

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

About Ambala Cantt

Ambala Cantt is a cantonment town in Ambala district in the state of Haryana, India. It is 200 km north of Delhi and 55 km southwest of Chandigarh. This cantonment was established in the year 1843 and is an important centre for manufacturing of scientific and surgical instruments
 


car loan

FAQs about Car Loan Ambala Cantt

✅ Can I get a loan to purchase a used car in Ambala Cantt?

Yes, you have to use your credit history and previous arrangement with the prospective bank or any other lender in Ambala Cantt to negotiate the interest rate on your car loan. Regularly paying your past loans/credit cards EMI with your prospective bank or any other lender will help you get a car loan with a lower interest rate.

✅ What is the typical tenure of a car loan in Ambala Cantt?

A car loan can last anywhere between one to five years. The higher the EMI, the shorter your loan term, and the opposite is valid for longer car loan terms. Currently, only limited lenders are offering car loans on terms of up to seven years in Ambala Cantt.

✅ Do I need a loan guarantor or co-borrower in Ambala Cantt?

If you are unable to meet the lending institution’s eligibility standard, such as monthly salary, age, or credit score, a loan guarantor or co-borrower is required. You can even apply for a car loan of your own.

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