Car Loan Batala

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Car Loan Batala

Best Banks for Car Loan in Batala

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 Batala Features

Seeking a dream of purchasing your own car?  But don’t have enough money? Don’t worry. Dialabank financial services help customers to compare, analyze and choose the best possible loans.

Car loans are provided by banks and NBFC’s for both ex-showroom and on-road prices and for both brand new and second-hand cars. You can easily get car loans in Morigaon tailor-made for you, by choosing the tenure of the loan yourself! Some of the other features you can get access to are:

  • Car loans are available at low-interest rates
  • Almost all major banks and NBFCs offer car loans in Morigaon in your vicinity
  • The documentation process is quick, efficient and hassle-free
  • Car loans are easily available through DialaBank

Car Loan Batala 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 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 Batala Documents Required

A person should review the documents required for car loan before making a decision.

For salaried:

  • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
  • Income Proof: Latest 3-month salary slip with form 16 of the applicant
  • Any Address Proof
  • Bank Statement: Last 6 months original and photocopies of bank statement of the applicant.

For self-employed:

  • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
  • Income Proof:  Latest Income Tax Report of the applicant
  • Any Address Proof
  • Bank Statement: Last 6 months original and photocopies of bank statement of the applicant.Apply for a Car Loan

Car Loan Batala Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.

For salaried:

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

For self-employed:

  • Minimum age: 21 years old
  • Maximum age at loan maturity: 65 years old
  • Minimum employment: at least 3 years in business
  • Minimum Annual Income:  Net profit Rs. sixty thousand p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Batala

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Batala

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 Batala

Apply for a Car Loan

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Batala so that they can minimize the risk of lending to you and also if your CIBIL score is high you get an interest rate at a much lower interest rate than others. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just check the overall CIBIL score but even the detailed behavior on the previous loans taken and paid. This includes details on the type of loans availed and the sum borrowed.

Car Loan Batala Contact Number

If you have any queries regarding the car loan in Habra, feel free to contact us on the number 9878981166 for assistance.

Pre Calculated EMI Table for Car Loan Batala

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

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