Car Loan Balaghat

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Balaghat

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 Balaghat Features

car loan balaghatThinking of purchasing your dream car? But don’t have the required funds for it? Worry not! A car loan is here to fulfill your dreams. A car loan is a means of funding or financial help provided by banks and NBFCs to applicants at an affordable rate of interest to aid them in buying a car of their choice. Since cars have now become a necessity for everyone, but the cost of cars is growing rapidly daily, a car loan has also become important and fulfills your desire to be the owner of a luxurious car. The main features of a car loan Balaghat are:

  • Car loans are available at affordable low-interest rates in the market
  • All banks and lenders offer car loans in Balaghat
  • The documentation process is quick and hassle-free on applying with DialaBank
  • Car loans are easily available through DialaBank and disbursed quickly

Car Loan Balaghat Interest Rate

Apply for a Car Loan

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 Balaghat Documents Required

The documents required to get a car loan approved in Balaghat city are as follows:

For Salaried Employee

  1. Identity Proof: in the form of any one of the following Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof 3-month salary slip with form 16 submission
  3. Address Proof: Ration card / Passport Copy / Telephone Bill /PAN Card or any other valid document / Electricity Bill / Life Insurance Policy
  4. Bank Statement: for the last 6 months.

For Self Employed

  1. Identity Proof: in the form of any one of the following Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR proof of the operating firm owned by the applicant
  3. Address Proof: Ration card / Passport Copy / Telephone Bill /PAN Card or any other valid document / Electricity Bill / Life Insurance Policy
  4. Bank Statement: for the last 6 months.

Car Loan Balaghat Eligibility Criteria

The car loan eligibility requirements are as followed in Balaghat:

For Salaried Employee

  1. Minimum age: 21 years for salaried and 30 years in case of self-employed applicants is the requirement
  2. The Maximum age at loan maturity should not exceed 60 and 65 years
  3. Minimum employment: 1 year in existing, current employment and a minimum of 2 years and above of employment
  4. Minimum Annual Income: Rs 100000 net annual income of the applicant from Balaghat
  5. Usually getting a car loan in Balaghat is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for loan approval.

For Self Employed

  1. Minimum age: 21 years for salaried and 30 years in case of self-employed applicants is the requirement
  2. The Maximum age at loan maturity should not exceed 60 and 65 years
  3. Minimum employment: at least 3 years in business for self-employed in Balaghat
  4. Minimum Annual Income:  Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
  5. Usually getting a car loan in Balaghat is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for loan approval.

Car Loan for Major Car Manufacturers in Balaghat

Apply for a Car Loan

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Balaghat

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 Balaghat

The Cibil score is the score that defines your ability to pay off your credits.

  • A higher Credit score means you have a good credit history and makes your application process smooth and easy to be approved.
  • Usually, banks and NBFCs require a credit score of 750 and above to approve any loan application process in Balaghat. This score requirement may vary from bank to bank.
  • In case a CIBIL score is less than the required value you may be required to pay a high rate interest rate to avail the loan.

Car Loan Balaghat Contact Number

In case of any queries regarding the car loan in Balaghat, you may contact on the number 9878981166 for any sort of assistance. Or you simply visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Balaghat

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 Balaghat

Balaghat is a city and a municipality situated in the Balaghat district in Madhya Pradesh. Balaghat is also the administrative headquarters of the Balaghat District. The town was originally known as Burha or Boora. Balaghat had a population of 75,061 as on 2011. Hindi and English are the major languages used in Balaghat.

Car Loan EMI Calculator

Apply for a Car Loan

Other Cities For Car Loan In Madhya Pradesh

Car Loan Ashoknagar Car Loan Wardha
Car Loan Alirajpur Car Loan Wani
Car Loan Yavatmal Car Loan Umred
Car Loan Warud Car Loan Thane
Menu