Car Loan Ambikapur

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Car Loan Ambikapur

Best Banks for Car Loan in Ambikapur

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 Ambikapur FeaturesCar Loan Ambikapur

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
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 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
>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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