Car Loan Banda

Car Loan Banda

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Best Car Loan Providers in Banda

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 Banda Features

The car has become an irreplaceable part of everybody’s life. Without it, no one can run their life smoothly. But buying a car needs 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 time period.

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

Car loan offerings in India have secured loans. That reflects that the car serves as the collateral for the loan. Acquiring a car loan is an easy process now. Now Apply for a Car Loan at Dialabank.

Car Loan Banda 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
Private 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 Banda Documents Required

Documents required for a car loan are given as follows:

For Salaried Employee

You will need any one of the Proofs of Identity like a Passport copy, PAN Card, Voters ID card, Driving License
You must show any one of the Proofs of Income is the Latest 3-month salary slip with form 16 a
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
Lastly, you will need six months of Bank Statement.

For Self Employed

You will need any one of the Proofs of Identity like a Passport copy, PAN Card, Voters ID card, Driving License
You must show any one of the Proofs of Income is the latest ITR of the firm
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
Lastly, you will need 6 months of Bank Statement

Car Loan Banda Eligibility Criteria

The car loan eligibility requirements are as followed:

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
Prepayment Charges	>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 numerical score that describes the ability of an applicant to repay his past debts efficiently and regularly. Maintaining a good CIBIL score is necessary if you want to avail yourself of a car loan at lower interest rates. Having a good CIBIL score also increases the processing speed of your application.

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

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 Uttar Pradesh, India. Banda is divided into 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 oilseeds. Banda produced cotton enjoys a high repute in the market.

Special Note: Banks don’t provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.