Car Loan Aurangabad

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Car Loan Aurangabad

Best Banks for Car Loan in Aurangabad

Feature HDFC Bank ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.) 7.35 % - 7.95 % 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 Aurangabad Features

Car Loan AurangabadToday car is not merely an object of luxury but has become a necessity of life. Buying a car is very easy when you have enough capital to cater to your need of purchasing a car. However, if you are short of cash, Car Financing is the best option available at the Best Car Loan Interest Rate without much hassle. Dialabank provides you with a car loan at the lowest interest rate and minimal documentation.

Car Loans are secured types of loans where the car you purchase acts as collateral security which can be confiscated by the lenders in case of failure of repayment.

Car Loan Aurangabad 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

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Car Loan Aurangabad Documents Required

Documents required for car loan are as followed:

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  • Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

For Self Employed:-

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

Car Loan Aurangabad Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs 1,00,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at smallest 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

How to Apply for Car Loan in Aurangabad?

 The best way to finance your car is by applying online car loan. Applying for a car loan is an easy and appropriate process.

  1. Visit our website Dialabank.
  2. Fill an application form by selecting Car Loans on the main page.
  3. Provide all the necessary personal and professional details to check for car loan eligibility.
  4. Provide your current contact number so that our relationship managers can assist you further in the loan approval process.

The offline method is available for applying a car loan which requires the individual to physically visit the nearest branch office of the bank and perform the formalities.

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Car Loan for Major Car Manufacturers in Aurangabad

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan in Aurangabad

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 Aurangabad

CIBIL score shows the lending and repayment behavior of the previous loans taken by the applicant. Thus, the lenders have a minimum CIBIL score requirement based on which the loan is approved. Generally, if the borrower has a score above 800 then they are eligible for availing a car loan at an on-road price.

It is important that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities to avail a car loan in the future.

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Car Loan Aurangabad Contact Number

To get an instant car loan Aurangabad you can visit our website or call on 9878981166 to get the best assistance. Our executives are well trained and will assist you in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Aurangabad 

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

About Aurangabad

Named after the Mughal emperor Aurangzeb, Aurangabad is a city in the state of Maharashtra. The city attracts a number of tourists and is surrounded by a number of historical monuments, including the famous Ajanta caves and Ellora caves. The city is also called “The city of caves”. The total population of the city is 11.8 lakhs.

Special Note: Banks do not provide Car Loans to applicants with poor credit history, but one can fulfill their money requirement with Gold Loan easily.

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Car Loan EMI Calculator Aurangabad

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