Car Loan Bhiwandi

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Best Banks for Car Loan in Bhiwandi

Feature	HDFC Bank	Private 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 Bhiwandi Features

Road accidents are increasing day by day, construction is going on everywhere in the city, and it isn’t safe to travel by scooter or a motorcycle on roads. So you can go for a Car Loan and buy a car with instant finance and attractive interest rates.

you can get access to a wide range of appealing features when it comes to a car loan:

Car loans are available at low-interest rates and affordable EMIs, which may vary from bank to bank.
Loans are available for both on-road ad ex-showroom prices.
Almost all major banks and NBFCs offer car loans at affordable rates.
Full funding is available for new cars, and up to 85% for used ones.

Car Loan Bhiwandi Interest Rate

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
Private 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 Bhiwandi Documents Required

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

For Salaried Individuals:

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

For Self Employed Individuals:

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest Income Tax Return
Address Proof: Voters card / Passport Copy / Ration card / Driving license / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

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Car Loan Bhiwandi Eligibility Criteria

The car loan eligibility requirements are as followed in Bhiwandi:

For Salaried Individuals:

Minimum age: 21 years
Minimum employment: 1 year in the current place of work and 2 years of total employment.
Minimum Annual Income: Rs 100000 net annual income.
Maximum age at loan maturity: 65 years

For Self Employed Individuals:

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: A minimum of 3 years in business.
Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Bhiwandi?

Availing a car loan Bhiwandi is an easy process with Dialabank. Just follow some steps to avail the best offers:

Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!

Car Loan for Major Car Manufacturers in Bhiwandi

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Bhiwandi

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
Prepayment Charges	>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 Bhiwandi

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.

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Car Loan Bhiwandi Contact Number

Dial us up at +919878981166 to get more information about car loans at Bhiwandi and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Bhiwandi

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 Bhiwandi

Bhiwandi is a city in the Thane District of Maharashtra state in India. The city of Bhiwandi, known for its textile industry, has the largest number of Power looms in the country and is dubbed as ‘The Manchester of India.

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