Car Loan Bhavnagar

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Rates as low as 7.35%*
Up to 100% Funding
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Best Banks for Car Loans in Bhavnagar

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 Bhavnagar Features

car loan bhavnagarWant to buy a car but don’t have enough money for it? A Car Loan is something that you might desperately need. A car loan is a secured loan with regular repayment options that are possible for the applicants. The Interest rates might differ from bank to bank. You can avail a car loan for buying a new car as well as a second-hand car, as per your needs. The car loan requirements and eligibility also depend on a bank to bank. So if you have any thoughts of buying a car, get an instant Car loan through DialaBank at the best offers available. Also, visit us at Dialabank.

Car Loan Bhavnagar Interest Rates

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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 Bhavnagar Documents Required

For Salaried Individuals:

    1. Identity Proof: Passport copy, Driving License, PAN Card, Electoral Photo ID card can be used as ID proof.
    2. Income Proof: Last three months’ or last six months’ salary slip along with Income Tax Return filed.
    3. Address Proof: Driving License, Electricity Bill, PAN Card, Elector Photo ID Card, and Life Insurance Policy are valid address proofs.
    4. Bank Statement for the previous six months.

For Self-employed individuals:

    1. Identity Proof: Passport copy, Driving License, PAN Card, Electoral Photo ID card can be used as ID proof.
    2. Income Proof: Income Tax Return.
    3. Address Proof: Driving License, Electricity Bill, PAN Card, Elector Photo ID Card, and Life Insurance Policy are valid address proofs.
    4. Bank Statement for the previous six months.

Car Loan Bhavnagar Eligibility Criteria

1.SALARIED INDIVIDUALS

  • The minimum age for applying for a loan is 21 years and the maximum age is 65 years.
  • The minimum employment required is 1 year of current employment and a minimum of 2 years of employment.
  • The minimum annual income required is  Rs 1,00,000 net annual income.

2.SELF-EMPLOYED INDIVIDUALS

  • The minimum age for applying for a loan is 30 years and the maximum age is loan is 65 years.
  • The minimum employment required is 2 year of business
  • The minimum annual income required is net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars.

How to Apply for Car Loan in Bhavnagar?

Apply for a Car Loan
  1. Visit us at Dialabank.
  2. In the Car Loan under the Auto Loan section, fill the required form.
  3. After filling that form, we will connect with you shortly.
  4. To know more, call at 9878981166

Car Loan for major car manufacturers in Bhavnagar

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in Bhavnagar

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 Bhavnagar

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You can check your CIBIL report to check your credit score. The general range of score is from 300 to 900 but a score of 750 or higher can get you a low-interest rate. However, the interest rate for a score of 650 to 750 may provide a high-interest rate. If you have a bad credit history in your CIBIL report or have a very low score, your application will be rejected.

The CIBIL score is based on your repayment history across loans and credit cards. Maintain your CIBIL score to save more money.

Car Loan Bhavnagar Contact Number

For any information regarding Car Loan Bhavnagar, call at 9878981166.

Pre Calculated EMI Table for Car Loan Bhavnagar

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 Bhavnagar

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In the Gujarat state, Bhavnagar is a city in the Bhavnagar district of the Saurashtra region of Gujarat, a state of India. It is now the administrative headquarters of the Bhavnagar district. Situated at the 198 kilometers from the state capital Gandhinagar and to the west of the Gulf of Khambhat. It has always been an influential city for trade with many large and small scale industries along with the world’s largest ship-breaking yard. Bhavnagar is also renowned for its version of the famous Gujarati snack ‘Ganthiya’ and ‘temples’

Special Note: Banks do not give Car Loans to faulty credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator Bhavnagar

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