Car Loan Baran

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Rates as low as 8.50%*
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Best Banks for Car Loan in Baran

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 Baran Features

car loan baranWho doesn’t want to own a car? In today’s fast-moving world, a car has become a necessity. But not everyone can afford the heavy prices that these cars are placed at. This is where car loan comes into play. A Car Loan is a secured loan with easy repayment options available through various banks in form of EMIs.

The loan amount is offered in exchange of Interest charges on the principal amount which vary from one lender to another. Whether purchasing a new car or a used one, you may avail a car loan for any car.  The car loan requirements vary depending upon certain factors like your income. So if you are thinking of purchasing your dream car in Chandrapur, get an instant Car loan Baran with DialaBank at affordable rate of interest.

Car Loan Baran 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
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 Baran Documents Required

  1. An Identity Proof: Passport, PAN Card, Voters ID card, Aadhar Card, etc.
  2. An Income Proof For Salaried Individuals– Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR filing proof
  3. An Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statements for the last 6 months.
  5. ITR must have been filed of the previous 2 years for self-employed applicants.

Car Loan Baran Eligibility Criteria

Car loan eligibility criteria in Chandrapur differs for the salaried and self-employed in the following manner:

  1. Minimum age: 21 years (salaried individuals) and 30 years (self-employed)
  2. Maximum age at loan maturity: 60 years (salaried) and 65 (self-employed)
  3. Minimum employment: 1 year in the current job and a minimum total of 2 years of employment (salaried), at least 3 years in business (self-employed)
  4. Minimum Annual Income: Rs 100000 minimum annual income (self-employed), net profits of a minimum of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars (salaried).

How to Apply for Car Loan in Baran?

Applying for a car loan in Baran is easy with DialaBank. Just visit our website at dialabank.com and follow these steps:

  • Click of the car loan option from the options available.
  • Fill in the required details in the form as required, like name, income etc.
  • Submit the form and wait for our experts to evaluate your application.
  • You will be contacted by our car loan Relationship manager on your number provided who will guide you through the further process.

You can also avail of a car loan offline by visiting the nearest branch in Baran of banks offering car loans. But that would have a drawback of limiting your option to only a single offer against a variety of options that DialaBank provides you with. It would also require you to make multiple visits to the banks for various purposes to get your loan approved in the city. Thus, when you think of a car loan in Baran DialaBank is your best option available.

Processing Fees & Prepayment Charges on Car Loan Baran

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 Baran

CIBIL score is a form of a numeric value that describes your creditworthiness of the past loans. So, it is an important factor to keep in mind while availing a car loan in the city. The CIBIL score required for car loans in Baran may vary from one lender to another due to the presence of a huge number of lenders. Most banks prefer a Credit score of 750 and above to process your car loan application in the city. In case of a low CIBIL score, to get your loan sanctioned you might be required to pay a heavy interest rate on the loan amount than the otherwise affordable rate.

The lenders also evaluate your previous loan payments efficiency. In case of any default, you may not be given a car loan.

Car Loan Baran Contact Number

For any queries regarding the car loan in Baran, you may contact on the number 9878981166.

Pre Calculated EMI Table for Car Loan Baran

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 Baran

Baran is a city in Baran district of the Indian state of Rajasthan. It is a municipality and the district headquarters of Baran district, famous for its 11th century Bhand Deva Temple on banks of Ramgarh crater.

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