Car Loan Bhawanipatna

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Car Loan Bhawanipatna

Best Banks for Car Loan in Bhawanipatna

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 Bhawanipatna Features

Do you want to have your car? In today’s fast-moving world, an automobile has become a necessity. But not everyone can afford the huge price for these luxurious cars. This is where we dialabank comes in to help you to avail of the car loan which plays an important role in buying the new car.

Car Loan is a secured loan with easy repayment options available through various banks. The loan amount is offered in exchange for Interest charges on the principal amount which vary from one bank to another.

The car loan requirements vary depending upon certain factors like your income, CIBIL score. So if you are thinking of purchasing your dream car in Bhawanipatna, get an instant Car loan with DialaBank at an affordable best rate of interest.

Car Loan Bhawanipatna 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
1%
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 Bhawanipatna Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.
  5.  

Car Loan Bhawanipatna Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

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

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Bhawanipatna

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Bhawanipatna

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 Bhawanipatna

CIBIL score is a numeric value that describes your creditworthiness of the past. So, it is an important factor to keep in mind while availing a car loan. The CIBIL score required for car loans in Bhawanipatna may vary from one lender to another due to the presence of a huge number of lenders nowadays.

Most banks prefer a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, to get your loan sanctioned you might be required to pay a heavy interest rate on the loan amount.

Car Loan Bhawanipatna Contact Number

For any queries regarding the Car Loan Bhawanipatna, you may contact us on the number 9878981166.

Pre Calculated EMI Table for Car Loan Bhawanipatna

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 Bhawanipatna

Bhawanipatna is a city in the state of the Orissa, India. If you are in urgent need of money and you have any query feel free to contact on on www.dialabank.com

Car Loan EMI Calculator

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