Car Loan Balaghat

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Rates as low as 8.50%*
Up to 100% Funding
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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 fulfil 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 interests 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 fulfils 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

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:

  1. Identity Proof: in the form of any one of the following Passport copy, PAN Card, Voters ID card, Driving License
  2. Income ProofFor Salaried– 3-month salary slip with form 16 submission / For Self Employed- Latest ITR proof
  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 last 6 months.

Car Loan Balaghat Eligibility Criteria

The car loan eligibility requirements is as followed in Balaghat:

  1. Minimum age: 21 years for salaried and 30 years in case of self-employed applicants is the requirement
  2. Maximum age at loan maturity should not exceed 60 and 65 years respectively for salaried and self-employed individuals
  3. Minimum employment: 1 year in existing, current employment and a minimum of 2 years and above of employment and at least 3 years in business for self-employed
  4. Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed 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.

How to Apply for Car Loan in Balaghat?

Availing a car loan in Balaghat is an easy process with DialaBank. Follow the following steps to avail the best offers:

  • Visit our website dialabank.com
  • Click on the car loan option from the menu of the loans section in the website
  • Fill in the details regarding the car model, type, your income and other details essential
  • Wait as our relationship manager will provide you expert advice
  • You may also contact our relationship managers and car loan experts on the number 9878981166 for any assistance
  • For availing a car loan offline in Balaghat you will be required to visit the nearest branch personally

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 car loan in Balaghat, you may contact on the number 9878981166 for any sort of assistance.

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.

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