Car Loan Barabanki

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Car Loan Barabanki

Best Banks for Car Loan in Barabanki

Feature
HDFC Bank
ICICI 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 barabankiNeed 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
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 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

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

For Self Employed

  1. Identity Proof in the form of Passport copy, Voters ID card, PAN Card, Driving License, or any other proof
  2. Income Proof: Latest ITR of the applicant
  3. Address Proof: Ration card / Driving license / Telephone Bill /Voters card / Passport Copy /  Electricity Bill
  4. Bank Statements for the last 6 months.
  5. 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

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

For Self Employed

  1. Minimum age: 21 years for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 60 years for salaried and 65 for self-employed
  3. Minimum employment:  at least 3 years in business
  4. 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
>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.

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