Car Loan Ambedkar Nagar

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Rates as low as 7.35%*
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Best Banks for Car Loan in Ambedkar Nagar

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 Ambedkar Nagar Features

car loan Ambedkar NagarCar is like a blessing for those people who are unhappy with the discomforts of the public transport system. They can easily reach their office by driving in their own car. Auto Finance will help you to grab your favourite car at affordable rates of interest. Also, repaying the loans in EMIs will not affect our monthly budget. as well as paying in time will increases our Cibil score.

Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

Car Loan Ambedkar Nagar Interest Rates

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

Apply for a Car Loan

Car Loan Ambedkar Nagar Documents Required

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.

For Self Employed Individuals:

  • Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: Latest ITR
  • Address Proof (any-one): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

Car Loan Ambedkar Nagar Eligibility Criteria

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 Ambedkar Nagar

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Ambedkar Nagar

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 Ambedkar Nagar

A CIBIL score is a consolidated credit score which includes the consumer’s credit summary, contact information, personal information, loan account information and employment information. It is important to note that lenders consider both the CIBIL Score to keep a check on the person’s loan eligibility.

The CIBIL Score is generated by taking into consideration a large number of data points and previous credit trends. Also, there are four vital components which impact a consumer’s CIBIL Score; they are as follows:

  • Payment history
  • Credit mix of secured or unsecured loans
  • Enquiries and credit utilisation

Moreover, the latest CIBIL Score algorithm also includes the depth of credit, which includes the duration of your existing credit history.

Car Loan Ambedkar Nagar Agent Contact Number

To get, instant help and any more queries in Ambedkar Nagar, you can reach us on our website which is Dialabank or call us at 9878981166.

Pre Calculated EMI Table for Car Loan Ambedkar Nagar

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 Ambedkar Nagar

About Ambedkar Nagar

Ambedkar Nagar is a district in the Faizabad division and is divided into two parts, namely, Akbarpur and Shahzadpur. The city is known for its textile industry, power plant, sugar plant and cement manufacturing plant. The district of Ambedkar Nagar forms a part of the central Ganga basin, whereas the soil is of the Ambedkar Nagar district is primarily alluvium. Ambedkar Nagar is well known for its power plant, cement manufacturing plant, sugar plant and textile industry. The major economic activity of the district is mostly agricultural industries, power looms farming firms, etc. 

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