Car Loan Bhilwara

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Car Loan Bhilwara

Best Banks for Car Loan in Bhilwara

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 Bhilwara Features

Car loan bhilwaraDo you wish to fulfill your desire to own a Car? But running short on finance? No need to worry. A car loan is a very best and convenient manner to finance your car at low-cost hobby costs and require minimum documentation. The eligibility criteria of car loans aren’t also stringent in comparison to the other loans. If a person has a strong source of earnings and essential files, then the banks and NBFCs provide automobile loans easily without any sort of trouble.

Car Loan Bhilwara Interest Rate

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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 Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Bhilwara Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Income Proof: It is  necessary to provide the latest 3-month salary slip with form 16 of the applicant
  2. Identity Proof:  ID like Passport copy, PAN Card, Voters ID card, Driving License to verify identity
  3. Bank Statement: The last six months’ statement to be submitted by the applicant is strictly required
  4. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

For Self-Employed

  1. Income Proof: Latest ITR proof of the firm by the applicant is required
  2. Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
  3. Bank Statement: The last six months’ statement to be submitted by the applicant.
  4. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

Car Loan Bhilwara Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  1. The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
  2. The minimum age requirements are 21 years.
  3. The applicants should not be more than 60 and 65 years at the time of completion of tenure
  4. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Bhilwara
  5. Minimum Annual Income: For such applicants, Rs 100000 net annual income is important to mention.

For Self Employed

  1.  At least 3 years in operating business is mandatory
  2. The minimum age requirements are 30 years
  3. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
  4. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Bhilwara
  5.  Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Bhilwara

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Bhilwara

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 Bhilwara

CIBIL score is a vital criterion based on which the banks and NBFCs approve a car loan to any purchaser. The minimum requirement of a CIBIL rating for a car loan is exceptional for each lending institution. generally, a rating above 800 is considered to be decent for any person to be eligible to apply for a car loan.

It’s really important that one should to clear all the pending dues and money owed with a purpose to keep an excellent credit score. Default in your credit rating might also avoid your possibilities for availing a sparkling loan inside the destiny.

Car Loan Bhilwara Contact Number

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To get the best offers for a car loan you can visit Dialabank or call on 9878981166. Our relationship managers are well trained to offer personalized assistance with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Bhilwara

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

You can calculate your EMI here: Car Loan EMI Calculator

About Bhilwara

Bhilwara is a metropolis in the Mewar region of Rajasthan, India. it is famous for its textile within the Indian nation of Rajasthan. Bhilwara has been termed a ‘textile city’ of Rajasthan.

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

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