Car Loan Beed

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Best Banks for Car Loan in Beed

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 Beed Features

car loan beed

If you want to purchase a new car but don’t want it to become a financial burden for you, all you need is a car loan. A car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid you in buying a car, for both brand-new and second-hand ones and for both ex-showroom and on-road prices. The prices of cars increase day by day but with a car loan, you can choose your own tenure and pay off at your own convenience. The main features of a car loan in Beed are:

  • Car loans are available at low-interest rates
  • Almost all major banks and NBFCs offer car loans in Beed. Within a few minutes of your online application, you will receive a thread of emails from the willing lenders and you can easily compare and choose.
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank
  • Early settlement of the pending amount will be subject to a prepayment penalty.

Car Loan Beed 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 Beed Documents Required

The essential documents required to get a car loan approved in Beed are as follows:

  • Identity Proofs such as your Passport copy, PAN Card, Voters ID card, Driving License will be required.
  • Income Proof for Salaried employees includes the latest 3-month salary slip with form 16, and for the Self-Employed, it includes the latest ITR proof.
  • Address Proof includes anything among your ration card, driving license, voters card, passport copy, telephone bill, electricity bill, life Insurance policy, or a PAN card.
  • Bank Statements from the last 6 months will be required.

Car Loan Beed Eligibility Criteria

The car loan eligibility requirements are as follows in Beed:

  • The minimum age should be 21 years for salaried individuals and 30 years in case of a self-employed, while the maximum age at loan maturity should be 60 and 65 years respectively for salaried and self-employed individuals
  • The minimum employment for a Salaried employee should be 1 year in current employment and a minimum of 2 years of total employment while for a Self-Employed it should be at least 3 years in business
  • The Minimum Annual Income for a salaried employee is Rs 100000 net annual income, while for a self- employed, the net profit should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Beed?

Availing a car loan in Beed is an easy process with DialaBank. All you have to do is visit our website and click on the car loan option available in the menu of our homepage. Fill in the details regarding the car type, your income and other personal information as this will help you get offers tailor-made for you.

After that, our relationship manager will get in touch with you on your provided number. You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.

For availing a car loan offline you will have to visit the bank branches personally, which might turn hectic for you. Dialabank is your best agent as we can provide you the best offers in record time.

Processing Fees & Prepayment Charges on Car Loan Beed

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 Beed

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Beed. This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Beed Contact Number

In case of any queries regarding the car loan in Beed, you may contact the number 9878981166 for any sort of assistance, we give the best advice!

Pre Calculated EMI Table for Car Loan Beed

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 Beed

Beed is located in the state of Maharashtra. Its population is around 1.5 lakhs. It is surrounded by the Balaghat Range and housing several natural sites. It is also related to the epic Ramayana as it is believed to be the place where wounded Jatayu died while fighting demon-king Ravana. Today, you can find a small Jatashankar temple at his death place.

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