Car Loan Barabanki

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Best Banks for Car Loan in Barabanki

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 Barabanki Features

car loan barabanki Need to buy a car but don’t have the required money to purchase one? A car loan is what you can avail of. Car Loan is a secured loan with easy repayment options available for the applicants in the form of EMIs.The loan amount is provided on charges of interest which differ from one lender to the next.

You could take advantage of a car loan in Barabanki to buy a new car as well as a used car. The demands on car loans vary from lender to lender. So if you intend to purchase your dream car, get an instant car loan with DialaBank at an affordable rate of interest.

Car Loan Barabanki 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
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

Car Loan Barabanki Documents Required

Documents required for car loan are as followed:

For Salaried Employee

Identity Proof in the form of Passport copy, Voters ID card, PAN Card, Driving License, or any other proof
Income Proof– Latest 3-month salary slip with form 16
Address Proof: Ration card / Driving license / Telephone Bill /Voters card / Passport Copy / Electricity Bill
Bank Statements for the last 6 months.

For Self Employed

Identity Proof in the form of Passport copy, Voters ID card, PAN Card, Driving License, or any other proof
Income Proof: Latest ITR of the applicant
Address Proof: Ration card / Driving license / Telephone Bill /Voters card / Passport Copy / Electricity Bill
Bank Statements for the last 6 months.
ITR must be filed for the previous 2 years.

Car Loan Barabanki Eligibility Criteria

Car loan eligibility criteria for the salaried and self-employed in Barabanki vary in the following manner:

For Salaried Employee

Minimum age: 21 years for salaried and 30 years for self-employed
Maximum age at loan maturity: 60 years for salaried and 65 for self-employed
Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment
Minimum Annual Income: Rs 100000 net annual income is necessary.

For Self Employed

Minimum age: 21 years for salaried and 30 years for self-employed
Maximum age at loan maturity: 60 years for salaried and 65 for self-employed
Minimum employment: at least 3 years in business
Minimum Annual Income: Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars are essential

Car Loan for Major Car Manufacturers in Barabanki

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Barabanki

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 Barabanki

CIBIL score is what describes your past creditworthiness. So, considering a credit score when making use of a car loan is an important thing. The CIBIL score required for car loans may vary from lender to lender. Many banks accept a 750 CIBIL score and above for processing your application for a car loan in Barabanki. You might be required to pay a heavy interest rate on the loan amount in the event of a low CIBIL score.

Car Loan Barabanki Contact Number

For any queries regarding the car loan in Barabanki, you may contact the number 9878981166. We are always there to help you out in smoothing the car loan process and for further assistance, you can also visit our website Dialabank.

Pre Calculated EMI Table for Car Loan Barabanki

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 Barabanki

Barabanki is a city in the state of Uttar Pradesh in India. It is the administrative headquarters of the Barabanki District. The city is about 30 km east of Lucknow, the state capital. Officially Hindi and English language is used in Barabanki.