Car Loan Badgam

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Best Banks for Car Loan in Badgam

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 Badgam Features

car loan badgam

Want to purchase your own car but don’t have the required funds for it? A car loan is what you can avail to fulfil your dream. Car Loan is a secured loan with easy repayment options available for the applicants in the form of monthly instalments. The loan amount is offered on Interest charges which vary from one lender to another respectively. You can apply for a car loan for purchasing a new car as well as a used car. So if you are thinking of purchasing your dream car, get an instant Car loan in Badgam with DialaBank at an affordable rate of interest.

Car Loan Badgam 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
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

Car Loan Badgam Documents Required

  1. Passport copy, PAN Card, Voters ID card, Driving License or any other identity proof
  2. Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR as income proofs
  3. Ration card / Driving license / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card or any address proof
  4. 2 passport size photographs
  5. ITR filing of the previous 2 years for self-employed people is compulsory.

Car Loan Badgam Eligibility Criteria

Car loan eligibility criteria for the salaried and self-employed vary as follows:

  1. Identity Proof which you need to have: PAN Card, Voters ID card, Passport copy, Driving License
  2. Income ProofFor Salaried which you need to have– Latest 3-month salary slip with form 16
  3.  For Self Employed which you need to have- Latest Income Tax Report
  4. Address Proof which you need to have: Ration card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/Driving license/Voters card/PAN Card
  5. Bank Statement which you need to have: Last 6 months bank statement

How to Apply for Car Loan in Badgam?

Applying for a car loan in Badgam is easy with DialaBank. Just visit our website and follow the following steps:

  • Click on the car loan options available in the menu of the loan on the website.
  • Fill in the required details as required, like name, location, and information related to the car, etc.
  • Accept the privacy policy and wait for our relationship manager to connect.
  • You will be contacted by our car loan Badgam Relationship manager soon to assist you further through the process.

You can also apply for a car loan offline in the city by visiting the nearest branch of banks offering car loans. But that would limit your options. You would also require to make multiple visits to the lender to get your loan approved. Thus, when you think of a car loan DialaBank is your best option available as an agent.

Processing Fees & Prepayment Charges on Car Loan Badgam

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 Badgam

Every banking and lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Badgam because they want to minimize the risk of lending to the risky borrower and for that they want you to have a CIBIL score of 750 or above to process your loan application faster and also they can help you get a cheaper rate of interest on your loan if you ask for it. Please keep a regular check on your CIBIL score and also maintain your CIBIL score by not defaulting in your payments.

Car Loan Badgam Contact Number

For any queries regarding the car loan in Badgam, you may contact the number 9878981166.

Pre Calculated EMI Table for Car Loan Badgam

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 Badgam

Budgam area is a region of the Indian directed association domain of Jammu and Kashmir. Made in 1979 with its central station at Budgam, it is the region with the most noteworthy measure of Shias found in the Kashmir valley.

District Budgam offers many shocking areas and has colossal the travel industry potential that has generally stayed undiscovered up until this point.

Car Loan EMI Calculator

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