Car Loan Balachaur

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Car Loan Balachaur

Best Banks for Car Loan in Balachaur

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 Balachaur Features

Today everyone wants to own a car to make life easy. But everyone cannot just go and purchase it. As money is an important factor to buy anything. But we have a solution. Getting a car loan is not as difficult as it was a decade ago, nowadays having a car is a normal thing, and this process is made simple by DialaBank by bringing you the best car loan deals online at a single platform for you to compare, analyze and apply for a car loan online without having to worry about them more. You can get car loan Balachaur at the earliest and with a very satisfying service that you will not forget.

Car Loan Balachaur 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 Balachaur Documents Required

Documents required for car loan are as followed:

For salaried:

  • Passport copy, PAN Card, Voters ID card, Driving License is required as an identity proof.
  • The latest 3-month salary slip with form 16 of the applicant is required as income proof for salaried personals.
  • Ration card/Driving license/Voters card/Electricity Bill/Life Insurance Policy/Passport Copy/Telephone Bill/PAN Card of the applicant for address proof
  • The last 6 months bank statement of the applicant is needed by the bank.

For self-employed:

  • Passport copy, PAN Card, Voters ID card, Driving License is required as an identity proof.
  • Latest Income Tax Report of the applicant of the self-employed person.
  • Ration card/Driving license/Voters card/Electricity Bill/Life Insurance Policy/Passport Copy/Telephone Bill/PAN Card of the applicant for address proof
  • The last 6 months bank statement of the applicant is needed by the bank

Car Loan Balachaur Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

  • Minimum Annual Income:  Rs 100000 net annual income is required by the banks.
  • Minimum age: 21 years old is required by the banks.
  • Maximum age at loan maturity: 65 years old is required by the banks.
  • Minimum employment: 1 year in current employment and a minimum of 2 years of employment is required by the banks.

For self-employed:

  • Minimum Annual Income:  Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars are required by the banks.
  • Minimum age: 21 years old is required by the banks.
  • Maximum age at loan maturity: 65 years old is required by the banks.
  • Minimum employment: at least 3 years in business is required by the banks.

Car Loan for Major Car Manufacturers in Balachaur

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Balachaur

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 Balachaur

CIBIL score of 750 and above is required to get a loan faster without any hassle and also at a lower rate of interest else you have to pay a high rate of interest.

Car Loan Balachaur Contact Number

You can get a car loan Balachaur easily from DialaBank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Balachaur

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

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