Best Banks for Car Loan in Balasore
|
Feature
|
HDFC Bank
|
Private Bank
|
Kotak Mahindra Bank
|
|
Interest Rate (p.a.)
|
7.35% - 7.95 %
|
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 Balasore Features 
Having a personal car is the dream of most of the people. But most people cant fulfill their dream due to insufficient financial conditions. Don’t worry. We are here to help you. Dialabank helps people to compare, analyze, and choose the best loan possible for their needs. Just apply for the car loan through Dialabank. If your CIBIL score is good then you will get a good rate of interest and also you will get high tenure for repayment of the loan
All the banks and NBFCs are ready to provide car loans. you can get the loan amount for the Ex-showroom price and also, if required you will get a loan for on-road price also.
Car Loan Balasore Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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
Car Loan Balasore Documents Required
Documents required for car loan are as followed:
For salaried employees
Identity proofs can include any of the given the applicant’s passport copy, PAN card, voters ID card, and driving license
Income proof which requires the latest 3-month salary slip with form 16
Address proof which the applicant can choose Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank statements from the last 6 months.
For Self-employed
Identity proofs can be any of the given: passport copy, PAN card, voters ID card, and driving license
Income proof which requires the latest ITR
Address proof which you can choose among Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank statements from the last 6 months are mandatory to submit.
Car Loan Balasore Eligibility Criteria
The car loan eligibility requirements are as followed in Balasore:
For Salaried Employee
The Minimum age required for sanctioning a loan is 21 years while the Maximum age at loan maturity is 65 years
The minimum employment period should be 1 year in current employment and also a minimum of 2 years of total employment
The Minimum Annual Income for a salaried-employee is Rs 100000 net annual income
For Self- Employed
- An applicant should belong to an age group between 21 to 65 years of age
- A Self-employed individual must have their business running from at least the last three years.
- Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars
Car Loan for Major Car Manufacturers in Balasore
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Balasore
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Balasore
Every financial institution has its criteria for the CIBIL score required for processing the Car Loan application in Balasore so that they can minimize the risk of lending to the customer. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.
The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.
Car Loan Balasore Contact Number
You can get a car loan Balasore easily from Dialabank by contacting the number 9878981166.
Pre Calculated EMI Table for Car Loan Balasore
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 Balasore
Balasore or Baleshwar is a city in the state of Odisha, about 194 kilometres (121 mi) north of the state capital Bhubaneswar and 152 kilometres (94 mi) from Kolkata, in eastern India. It is the largest city of northern Odisha and the administrative headquarters of Balasore district. It is best known for Chandipur beach. The Indian Ballistic Missile Defense Program’s Integrated Test Range is located 18 km south of Balasore.
According to the 2011 Indian Census, Balasore had a total population of 144,373.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator
Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed.
Other Car Loan Cities In Odisha
| Car Loan Talwara | Car Loan Sangrur |
| Car Loan Sujanpur | Car Loan Sahnewal |
| Car Loan Sirhind | Car Loan Samana |
| Car Loan Sardulgarh | Car Loan Ropar |
