Car Loan Bicholim

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Car Loan Bicholim

 

Best Banks for Car Loan in Bicholim

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 Bicholim FeaturesCar Loan Bicholim

Having a dream of buying your desired car? But don’t have enough money? Don’t worry. A Car Loan is the right solution for you. Dialabank financial services help customers to compare, analyze, and choose the best loans available in the market across several financial institutions.

Almost all the major lending institutions and banks provide car loans at an attractive interest rate without much paperwork. Other than a brand new car, you can also purchase a pre-owned car or used car using a used car loan that is offered by numerous financial institutions. Get the best offers on car loans only on applying with Dialabank.

Car Loan Bicholim 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 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

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Car Loan Bicholim Documents Required

Documents required for car loan are as followed:

For Salaried Employees

  1. ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
  2. Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  3. Income Proof: Previous 3 months salary slips or Form 16 for a salaried individual 
  4. Recent passport size photographs-2 of the applicant

For Self Employed

  1. ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
  2. Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  3. Income Proof: recent tax return files for a such individual
  4. Recent passport size photographs-2 of the applicant

Car Loan Bichiolim Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employees

  1. The minimum age for applying a car loan is 21 years and 25 years for a salaried and self-employed individual respectively
  2. A salaried employee must be working in the current organization for at least a year.
  3. Rs 25000 monthly income is a must for a salaried employee

For Self Employed 

  1. The minimum age for applying a car loan is 21 years and 25 years for a salaried and self-employed individual respectively
  2. A salaried employee must be working in the current organization for at least a year.
  3. Rs 25000 monthly income is a must for a salaried employee

Car Loan for Major Car Manufacturers in Bicholim

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Bicholim

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 Bicholim

Banks and NBFCs consider CIBIL score as an important criterion before approving for a loan. It signifies the creditworthiness of any individual. The minimum CIBIL score requirement for financing a car vary from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.

The credit history of any applicant must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process.

Car Loan Bicholim Contact Number

Apply for a Car Loan

To avail instant car loans you can visit our website or feel free to call on 9878981166. Our employees are always ready to assist you. Or you can visit our website Dialabank

Pre Calculated EMI Table for Car Loan Bicholim

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 Bicholim

Bicholim is also known as Divchal and Dicholi, is the  city and the municipal council in North Goa district in the state of Goa, India. It is the headquarters of the Concelho (district) of Bicholim, one of seven that make up the Novas Conquistas (New Conquests), territories added to Goa comparatively later than the first three of the Velhas Conquistas. Bicholim is located about 30 kilometre from the capital Panjim. It is in the mining heartland of Goa. Bicholim city has an 82% literacy rate and mining contributes to the major chunk of the economy in the city.

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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