Car Loan Barwaha

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Car Loan Barwaha

Best Banks for Car Loan in Barwaha

Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Barwaha FeaturesCar Loan Barwaha

Nowadays, shopping for a car has become a dream for each person. The restricted financial gain doesn’t permit a typical man to shop for his own car. Such a loan could be a convenient theme that permits an individual to shop for a vehicle. Get straightforward funding to fulfil and bring your dream car home.

A car loan could be a monetary facilitate offered by totally different banks and NBFC’s to shop for it. The banks offer the required funding for buying an automotive which might get on Ex-Showroom value or the On-Road value of the automotive. They offered all-time low-interest rates and minimum document method.

Applying with Dialabank at Barwaha offers you plenty of exciting offers like straightforward monthly reimbursement choices, instant accessibility, loan tenure amount variable from 1-7 years, cheap interest Rates, simply and quickly on the market loan, no hidden charges.

Car Loan Barwaha Interest Rates

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

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Car Loan Barwaha Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  • Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  • Residence Proof: Ration card / Telephone Bill / Electricity Bill / Life Insurance Policy Driving license / Voters card / Passport Copy/ PAN Card
  • Income Proof: Latest 3-month salary slip and form 16
  • Bank Statement: Last 6 months.

For Self Employed Individuals:

  • Identification Proof: PAN Card, Passport copy, Voters ID card, Driving License
  • Income Proof: Latest ITR
  • Address Proof(anyone): Voters card / Ration card/ Driving license / Life Insurance Policy /PAN Card/ Passport Copy / Telephone or Electricity Bill
  • Bank Statement: Last 6 months

Car Loan Barwaha Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

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

For Self-Employed Applicants

  • Minimum employment experience: 3 years
  • Minimum age: 21 years
  • Maximum age: 65 years
  • Minimum Annual Income: Net profit of Rs.100000 per annum for mid-sized and premium cars and Rs. 60000 per annum for standard cars

Car Loan for Major Car Manufacturers in Barwaha

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Barwaha

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Barwaha

CIBIL score plays a key role whereas obtaining the application processed and thereby availing a recent loan.

If your Cibil score lies almost 750, then there area unit additional possibilities for you to urge the short loan approvals. Whereas, if in case, the CIBIL  score is a smaller amount than 700 then your application may need to suffer. So, it is suggested to examine your CIBIL score before you apply for the loan.

If you pay your EMIs in time then your Cibil score is going to be inflated. just in case you fail to repay the instalment, your CIBIL score is going to be reduced to a precise extent. The individual should pay monthly EMIs per the schedule of the individual bank.

Car Loan Barwaha Agent Contact Number

For loan queries regarding the car loan in Barwaha, reach us at Dialabank or contact us on 9878981166.

Pre Calculated EMI Table for Car Loan Barwaha

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

Car Loan EMI Calculator Barwaha

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