Car Loan Bhagalpur

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Car Loan Bhagalpur

Best Banks for Car Loan in Bhagalpur

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 Bhagalpur Features

Car Loan BhagalpurIf purchasing a car is your dream and you require funds for it, then you have got to the right place. We provide you with the best in market Interest rates and aid you check your Eligibility.

Get the best Car Loan with easy paperwork/ documentation and the Lowest EMIs.

What are some car loan Bhagalpur features?

Car Loan Bhagalpur aims to provide financial assistance at affordable and best-in-market interest rates to its customers. In short, we help you fulfill your dream by helping out.

Car Loan Bhagalpur Interest Rates

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Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower car loan interest rates can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

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 Bhagalpur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, or Driving License, Electoral Photo ID card can be utilized as a proof of identity.
  2. Income Proof: The last quarter or last two quarter’s salary slip with Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card, and Life Insurance Policy are approved address proofs.
  4. A Bank Statement of the last 6 months/ half-year is necessary.

For Self-Employed Individuals

  1. Identity Proof: Passport copy, PAN Card, or Driving License, Electoral Photo ID card can be utilized as a proof of identity.
  2. Income Proof: Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card, and Life Insurance Policy are approved address proofs.
  4. A Bank Statement of the last 6 months/ half-year is necessary.

Car Loan Bhagalpur Eligibility Criteria

The car loan eligibility criteria requirements are as followed in Bhagalpur:

For Salaried individuals:

  • Firstly, the minimum age of the applicant should be not less than 21 years.
  • Further, the maximum age should be 65 for loan maturity.
  • Minimum employment: At least 1 year in current employment and a minimum of 2 years of employment.
  • Minimum Annual Income: It should be Rs 1,00,000 net annual income.
  • The contact number is required.

For Self Employed individuals:

  • Firstly, the minimum age of the applicant should be 30 years or above.
  • The maximum age should be 60 at loan maturity.
  • In this, minimum employment should be at least 2 years in business
  • Furthermore, the minimum annual income should be Rs. 60000 per annum for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Note:

  • In Partnership Firms, the minimum annual income should be Rs. 60000 per annum for standard cars and Rs.100000 p.a. for mid-sized and premium cars. Otherwise, the minimum turnover should be not less than Rs. 4,50,000.
  • In Private Limited Companies, the minimum income should be as the partnership firms, while the minimum turnover should not precede Rs 4,50,000.
  • In Public Limited Company, the minimum income should be as Private limited companies, while the minimum turnover should also be as 4,50,000.

How to Apply for Car Loan in Bhagalpur?

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  • Visit the Dialabank website or click on the Car Loan option here.
  • Click on the loan section and choose an auto loan followed by the Car loan link.
  • Provide all your data, including your phone number.
  • You will receive a phone call from our experts, and they will guide you further.

Car Loan for major car manufacturers in Bhagalpur

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in Bhagalpur

Check here for the processing Fees and Prepayment charges on a car loan.

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 Bhagalpur

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CIBIL score plays a key role while getting the loan. if your Cibil score is between 750-900. then you will get the quick loan approvals. if the Cibil score is less than 700 then your application will be pending. so, check your Cibil score before you apply for the loan. if you pay your EMIs in time then your Cibil score will be increased. if you do not repay Your EMI your Cibil score will be reduced. the applicant has to pay monthly EMIs according to there schedule of the bank.

Click here for Bank of Baroda car loan

Car Loan Bhagalpur Contact Number

For instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Bhagalpur

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 Bhagalpur

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Bhagalpur is a city in the southern banks of the river Ganges in the Indian state of Bihar. This city has historic importance.

Car Loan EMI Calculator Bhagalpur

Repaying the loans in EMIs will not affect our monthly budget as well as paying in time will increase our Cibil score.

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