Car Loan Bahraich

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Rates as low as 8.50%*
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Best Banks for Car Loan in Bahraich

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 Bahraich Features

car loan Bahraich

A car loan helps you own your personal vehicle by providing you funding or financial help with easy repayment options, and  Dialabank is here to help you get it with great convenience for both brand-new and second-hand cars, and for both ex-showroom and on-road prices.

In Bahraich, you can get access to a wide range of appealing features when it comes to a car loan, such as low-interest rates and affordable EMI options, flexible tenures, full funding, no hidden charges and most importantly, helping you get the best loan available without any hassle. Scroll further to see how.

Car Loan Bahraich 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 Bahraich Documents Required

The essential documents required to get a car loan approved in Bahraich are as follows:

  • Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: for a Salaried individual, the latest 3-month salary slip with form 16, while for a self-employed, the latest ITR proof
  • Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statements: for the last 6 months.

Car Loan Bahraich Eligibility Criteria

car loan bahraich

The car loan eligibility requirements are as followed in Bahraich:

  • Minimum age: 21 years for a salaried individual and 30 years in case of a self-employed
  • Maximum age at loan maturity: 60 and 65 years respectively for salaried and self-employed individuals
  • Minimum employment: for a salaried individual, 1 year in current employment and a minimum of 2 years of total employment, while for self-employed, at least 3 years in business
  • Minimum Annual Income: For a salaried individual, Rs 100000 net annual income, while for a self-employed, the net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Bahraich?

For availing a car loan offline, you will have to visit the different banks personally and even pay multiple visits, which might turn hectic for you. So we decided to come to you online instead! Availing a car loan Bahraich is an easy process with DialaBank as your agent. Follow these steps:

  • Visit our website and you will see various loan options.
  • For a car loan, click on the car loan option available under the auto loan section
  • All you have to do is fill in your details in the space provided, and make sure you have all your documents mentioned in the ‘Documents required’ section above.
  • After some time, our experts will get in touch with you and guide you further.
  • You may also contact us instead on the number 9878981166 in case of any queries regarding the loan.

Processing Fees & Prepayment Charges on Car Loan Bahraich

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

Get a car loan from AXIS bank

Get a car loan from SBI

CIBIL Score Required for Car Loan in Bahraich

The CIBIL score is what defines your ability to pay off your credits and majorly affects your car loan approval. A higher Credit score means good credit history and makes your car loan application process smooth and easy, while even charging you a lower interest rate and vice versa. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Bahraich.

If you have a low score, you can improve it by applying for a credit card or taking short term small amount loans and paying them on time. If you have never taken a loan before, it doesn’t mean your score is 0. In this case, you can prove that you are punctual in your payments by showing some rented utilities until your name.

Car Loan Bahraich Contact Number

In case of any queries regarding the car loan in Bahraich, you may dial-up the number 9878981166 for any sort of assistance!

Pre Calculated EMI Table for Car Loan Bahraich

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 Bahraich

Bahraich is located on the Saryu river in Uttar Pradesh. It is known for its vast forest cover and numerous varieties of trees. It is also blessed with many temples and the Hazrat Ameermah Tomb. Its population is around 2 lakh.

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