Car Loan Ambikapur

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Best Banks for Car Loan in Ambikapur

Feature	HDFC Bank	Private 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 Ambikapur Features

Do you seek a dream to purchase your own car and don’t have enough money for the same? Don’t worry. We provide financial services help customers to compare, analyze and choose the loan possible. When it is time to buy a new car, the loan seekers should spend no more than 10% of their pay on a car loan payment and no more than 20% for total expenses.

You can easily get car loans in Ambikapur tailor-made for you, by choosing the tenure of the loan yourself! Some of the other features of car loan Ambikapur are:

Why should one choose Dialabank for a Car Loan? The bank offers you a car with the lowest interest rates and with minimum documentation schemes. Dialabank being an Indian first Financial Helpline where the company provides eligibility and price comparison for financial subjects. Dialabank Car Loan Ambikapur is a convenient scheme that allows a person to bring home a brand new car. We bring in offers of car loans up to the previous showroom cost and that too till 7 years. Apply now on our official website Dialabank for instant approval and faster processing of your car loan.

Car Loan Ambikapur 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
Private 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 Ambikapur Documents Required

A person should review the documents required for car loan before making a decision.

For Salaried Individuals:

Identity Proof: Passport copy, PAN Card, Driving License, Voters ID card
Income Proof: Recent 3-month salary slip and form 16 is must
Bank Statement: Past 6 months is a must
Residence Proof: Ration card / Passport Copy / Telephone or Electricity Bill / Life Insurance Policy / Driving license / Voters card/ PAN Card

For Self Employed Individuals:

Identity Proof: PAN Card, Passport copy, Voters ID card, Driving License
Bank Statement: Past six months.
Income Proof: Most recent Income Tax Return proof
Address Proof: Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card Ration card/ Driving license / Voters card / Passport Copy (Any one of these)

Car Loan Ambikapur Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.

For Salaried Applicants

Minimum age: 21 years
Maximum age: 65 years
Minimum employment: A year experience in present employment and a minimum of 2 years of employment on an overall basis
Minimum Annual Income: Income of Rs.100000 annually

For Self-Employed Applicants

Minimum age: 21 years
Maximum age: 65 years
Minimum employment: A minimum of 3 years experience in business
Minimum Annual Income: Net profit Rs. 60000 annually for standard cars whereas Rs.100000 annually for medium-sized and premium cars

Car Loan for Major Car Manufacturers in Ambikapur

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Ambikapur

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
Prepayment Charges	>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 Ambikapur

Many organisations who grant a loan have fixed a minimum score of 750 or above to process your loan application as a CIBIL Score. It is always beneficial for having a good CIBIL score, which helps to avail loans at a cheaper rate of interest and ease the process. Every such organisation has its criteria for the minimum CIBIL score required for processing the Car Loan application in Ambikapur so that they can minimize the risk of lending to you and also if your CIBIL score is high you get an interest rate at a much lower interest rate for convenience.

These organisations do not only track the overall score but even the behaviour on the previous loans taken and paid, which includes details on the type of loans availed and the sum availed by you.

Car Loan Ambikapur Agent Contact Number

If you have any queries regarding the car loan in Ambikapur, feel free to contact us on the number 9878981166 or visit our website Dialabank for assistance.

Pre Calculated EMI Table for Car Loan Ambikapur

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 Ambikapur

About Ambikapur

Ambikapur is the headquarters city of Surguja district in the Indian state of Chhattisgarh. It is one of the oldest known cities of the state, in east-central India. This place is known to be one of the 8th biggest cities in Chhattisgarh; as of Swachh Survekshan 2019, Ambikapur was signified by the prestigious title of the second Cleanest cities of India.

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