Car Loan Bidar

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Car Loan Bidar

Best Banks for Car Loan in Bidar

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 Bidar Features

car loan bidar

A car loan is a type of secured loan and before it used to be a luxury for Indians, that is now available at an affordable interest rate and tenure which is only provided to you by India’s first financial online service dialabank which is very much reliable and you can get a car loan at the best service you can get and also the fastest service to get loan approval and also you can get more offers on a personal car loan or other loan types.

Car Loan Bidar Interest Rate

Check the Car Loan Interest rates for used cars:

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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 Bidar Documents Required

The following are the required documents for a car loan for applicants from Bidar:

For Salaried Employees

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant whichever available with you.
  2. Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant whichever available with you
  3. Income Proof: Latest 3-month salary slip with form 16 of the applicant
  4. Bank Statement: previous 6 months bank transaction statement of the applicant

For Self Employed

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant whichever available with you.
  2. Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant whichever available with you
  3. Bank Statement: previous 6 months bank transaction statement of the applicant
  4. Income Proof Latest Income Tax Report of the applicant from Bidar.

Car Loan Bidar Eligibility Criteria

The eligibility criteria for a car loan to be fulfilled by the applicants of Bidar are:

For Salaried Employee

  1. Minimum age: 21 years old for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 65 years old
  3. Minimum employment: 1 year in current employment and a total of 2 years of employment experience in the past
  4. Minimum Annual Income: Rs 100000 net annual income is considered in Bidar

For Self Employed

  1. Minimum age: 21 years old for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 65 years old
  3. Minimum employment:  at least 3 years in business
  4. Minimum Annual Income:  Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars for the applicant of Bidar.

Car Loan for Major Car Manufacturers in Bidar

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Bidar

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 Bidar

Get a good CIBIL score of 750 and above by not defaulting on any of your payments be it credit cards or EMIs or any other so that your loan application process is better and faster and you get a low interest rate on a car loan to repay.

Car Loan Bidar Contact Number

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Get a car loan in Bidar by contacting the number 9878981166 or visit Dialabank

Pre Calculated EMI Table for Car Loan Bidar

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 Bidar

Bidar is a hilltop city in the north-eastern part of Karnataka state in India. Bidar is the headquarters of the Bidar District which borders Maharashtra and Telangana. Bidar is a rapidly urbanizing city in the wider Bidar Metropolitan area.

Car Loan EMI Calculator

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Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the car loan Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

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