Car Loan Bhopal

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks For Car Loan in Bhopal

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 Bhopal FeaturesCar loan Bhopal

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They give significant funding for buying a car which can be on Ex-Showroom Estimate or On-Road Cost of the car. A car loan is a secured loan with easy payment choices. The loan sum is offered on Interest charges which differ from bank to bank. One can pay for the vehicle in easy installments.

If you are looking for a car loan in Bhopal, you must have come across many banks who would be offering you car loans on different terms and conditions and a considerably high rate of interest. But we offer car loans at the lowest rate of interest to you from our partnered banks to fulfill your dreams of buying your dream car.

To apply for a car loan in Bhopal

Car Loan Bhopal 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
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

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Car Loan Bhopal Documents Required

For Salaried:-

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

For Self Employed:-

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

Car Loan Bhopal Eligibility Criteria

For Salaried:-

  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 1,00,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at smallest 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

How to Apply for Car Loan in Bhopal?

There are two ways to apply for a car loan:

Online: Go to our website Dialabank and go to the car loan section. Fill out the form with the necessary details and your city. Our team will contact you within 24 hours with loan offers and details available. You can also call on 9878981166 to talk to our experts directly.

Offline: You can visit the nearest branch with your necessary documents listed in the documents required section and avail the loan within a few minutes.

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Car Loan for Major Car Manufacturers in Bhopal

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bhopal

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 Bhopal

A credit score reflects your previous loans availed and your repayment defaults in the past. On this basis, your CIBIL score is formed and a high CIBIL score is considered as good. A default or a lower score creates problems in availing loans in the future.

Most of the banks and NBFCs consider a score of 750 and above before sanctioning loans as it creates trust between the banks and the person availing a loan that the loan will be paid back to the bank on time and no default would be there in repayment of the loan.

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Car Loan Bhopal Contact Number

For availing loans quickly and hassle-free, you can also call us on 9878981166 and we would be happy to assist you.

Pre Calculated EMI Table for Car Loan Bhopal

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 Bhopal

Bhopal, also known as the city of lakes, is the capital of Madhya Pradesh. Bhopal was founded by Raja Bhog in the year 1707. It is the 16th largest city in India and 131st in the world. It is one of the greenest cities in India and it is surrounded by many natural as well as artificial lakes.

Bhopal is mostly famous for its Upper lake, Van Vihar national park, and Taj UI masjid.

Bhopal has a population of around 24 lakhs as of 2020.

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

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Car Loan EMI Calculator Bhopal

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