Car Loan Bhilai

Best banks for Car Loan in Bhilai

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 Bhilai Features

Do you need a car loan?Want to buy your dream car?

Don’t pause to take a car loan, if you can afford it. Since it is a secured loan, you can obtain it from any of the banks with Dialabank. In-car loans, they give an obliged amount of money for buying a car which can be on Ex-Showroom price or On-Road price. Also, it can easily be recovered.

What are some of the Car Loan Bhilai features?

Car Loan Bhilai gives financial assistance at the best affordable interest rates to secure the car of your preference. You can easily pay these car loans through equated monthly installments (EMI).

Moreover, the interest rates will always differ from one bank to a different bank.

Car Loan Bhilai Interest Rates

Apply for a Car Loan

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 Bhilai Documents Required

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

For Salaried Individuals:

  1. Identity Proof: PAN Card, or Driving License, Electoral Photo ID card can be served as proof of Identity.
  2. Income Proof: The last quarter or last two quarter’s salary receipt with Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card are supported address proofs.
  4. A Bank Statement of the last 6 months/ half-year is essential.

For Self-Employed Individuals

  1. Identity Proof: PAN Card, or Driving License, Electoral Photo ID card can be served as proof of Identity.
  2. Income Proof: Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card are supported address proofs.
  4. A Bank Statement of the last 6 months/ half-year is essential.

Car Loan Bhilai Eligibility Criteria

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

For Salaried candidates:

  1. The minimum age requires to be 21 years.
  2. On loan maturity, the maximum age needs to be 65 years.
  3. The claimer should have 1 year of experience in the prevailing job, and a minimum of two years of experience.
  4. 1 lac Indian rupees is the minimum income required for eligibility.

For Self-Employed Candidates:

  1. The minimum age requires to be 21 years.
  2. On loan maturity, the maximum age needs to be 65 years.
  3. Claimer’s business should be operational for at least 3 years.
  4. The net profit of the applicant needed is Rs 60000 per annum for generally standard cars and Rs 100000 per annum for mid-sized premium cars

How to Apply for Car Loan in Bhilai?

Apply for a Car Loan

Applying for a car loan by Dialabank is an easier process. Follow the given below steps to apply for a car loan:

  1. Go to Dialabank on your web browser or phone.
  2. Click on the auto loan section and choose the car loan choice on the menu.
  3. Fill out the form with the required personal details for your loan requirements.
  4. Wait for us to connect with you via phone.
  5. You can also connect with the nearest Dialabank branch or call on 9878981166.

Car Loan for major car manufacturers in Bhilai

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in Bhilai

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 Bhilai

Car Loan BhilaiA CIBIl score lower than 750 means a greater interest rate for the loan borrower. So, one needs to have a great CIBIL score that is more than 750. Also, the banks and finance company holds different criteria for minimum CIBIL scores and they also keep a note on your previous loans and their repayments. Compiling everything, please try to maintain a CIBIL score higher than 750 by paying off your debts.

                                              Apply for a Car Loan

Car Loan Bhilai Contact Number

To avail the best car loans in Bhilai, Contact on 9878981166

Pre Calculated EMI Table for Car Loan Bhilai

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 Bhilai

Apply for a Car Loan

In the Chattisgarh state, Bhilai is a city in the Durg district. With the second-largest urban area after Raipur, this city is a major industrial city for the state as well as the country. Other than that, it is renowned as the education hub of Central India.

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

Car Loan EMI Calculator Bhilai

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