Car Loan Banda

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Buy your dream Car

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

Best Car Loan Providers in Banda

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 Banda Features

car loan banda

The car has become an indispensable part of everybody’s life. Without it, no one can imagine life to run smoothly. But buying a car requires a large amount of financing and it is quite difficult to arrange finance with limited income. Getting a car loan in Banda is the best way and the most beneficial method to avail cash in a short period.

Here in Dial-a-bank, we will help you to get the most affordable car loan with lesser interest rates. With some banks offering loan amount in the lakhs, which means you are not limited in your choice of cars.

Car loan offerings in India have secured loans. That implies that the car serves as the security/collateral for the loan. Acquiring a car loan is a simple process now. Now Apply for a Car Loan at Dialabank.

Car Loan Banda Interest Rate

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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 Banda Documents Required

For Salaried Employee

  1. You will need any one of the Proofs of Identity like a Passport copy, PAN Card, Voters ID card, Driving License
  2. You must show any one of the Proofs of Income  is the Latest 3-month salary slip with form 16 a
  3. You will need any one of the Proofs of Address like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Lastly, you will need 6 months of Bank Statement.

For Self Employed

  1. You will need any one of the Proofs of Identity like a Passport copy, PAN Card, Voters ID card, Driving License
  2. You must show any one of the Proofs of Income  is the latest ITR of the firm
  3. You will need any one of the Proofs of Address like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Lastly, you will need 6 months of Bank Statement

Car Loan Banda Eligibility Criteria

SALARIED INDIVIDUALS

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

SELF-EMPLOYED INDIVIDUALS

  • Minimum age: 30 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: At least 2 years in business
  • Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Banda

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Banda

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 Banda

A CIBIL score is a numeric score that describes an applicant’s ability to repay his past loans efficiently and regularly. Maintaining a good CIBIL score is essential if you want to avail of a car loan at a lower interest rate. Also, having a good CIBIL score increases the processing speed of your application.

Most of the banks except a 750+ score to process your car loan in Banda but these may be higher or lower depending upon the individual requirements of the banks. The minimum CIBIL score requirement for car loans in Banda may vary from banks to banks.

Car Loan Banda Contact Number

Customers can contact us at +91 9878981166 to get exclusive car loan deals right from your home or can apply

on our website Dialabank

Pre Calculated EMI Table for Car Loan Banda

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 Banda

Banda is a city in the state of Uttar Pradesh, India. Banda is divided between north, east, west, and south Banda. Banda lies south of the Yamuna river in the Bundelkhand region. It is the administrative headquarters of the Banda District. Banda is well connected to major cities with good transportation infrastructure railways and state highways.

The town is near the right bank of the river Ken. The black soil of the district yields crops of which the principal are millet, other food-grains, pulse, rice, cotton, and oil-seeds. Banda produced cotton enjoys a high repute in the market.

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

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