Car Loan Bilaspur

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Car Loan Bilaspur

Best Banks for Car Loan in Bilaspur

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 Bilaspur Features

Car Loan Bilaspur

Apply for a car loan.

A car loan is a financial aid provided by banks and NBFC’s to fulfill your dream of having your car. They provide the required funding for purchasing a vehicle it is based on Ex-Showroom Price or On-Road Price of the vehicle. Car Loan is a secured loan with easy repayment options available in the form of EMIs. The loan amount is offered on Interest rates which vary from one bank to another. For getting your dream car Car loan is the best option available. A car loan is like any other loan that requires certain eligibility criteria to be fulfilled before your application gets approved.

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

Car Loan Bilaspur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Apply for a Car Loan

Car Loan Bilaspur Eligibility Criteria

The car loan eligibility requirements are as followed:

You should be at least 21 years of age to apply for a car loan. The maximum age of a person should be 65 years at the time of maturity of the loan.

For Salaried: You should be having a minimum of 2 years of employment and you should be working for at least 1 year in your current employment. The minimum annual salary required is Rs. 100000 as net annual income.

For Self Employed: You should be in the business for at least 3 years. A net profit of at least Rs. 60000 p.a. should be there for standard cars and Rs. 100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Bilaspur

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Bilaspur

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 Bilaspur

You can check your CIBIL report to verify your credit score. The general range of score is from 300 to 900 but a score of 750 or more can get you a low-interest rate. However, the interest rate for a score of 650 to 750 which may provide a high-interest rate. If you have defaulted in your CIBIL report, or have a very low score, your application may be rejected.

The CIBIL score is based on your lending and credit card payment background. Maintain your CIBIL score in order to save more money.

Car Loan Bilaspur Contact Number

Customers can contact us at 9878981166 to get exclusive car loan deals right from your home or can apply

on our website www.dialabank.com.

Pre Calculated EMI Table for Car Loan Bilaspur

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 Bilaspur

Bilaspur is a city located in the state of Chhattisgarh. Bilaspur is the administrative headquarters of the Bilaspur District and Bilaspur Division. The Chhattisgarh High Court, located at Bodri, District Bilaspur has privileged it with the title ‘Nyayadhani’ (Law Capital) of the state. This city is the commercial center and business hub of the North East Chhattisgarh region.

As it is the headquarters of the South East Central Railway Zone and the Bilaspur Railway Division, it is also an important city for the Indian Railways. Bilaspur is India ‘s 3rd cleanest railway station, and 4th longest. Bilaspur is also South Eastern Coalfields Limited. NTPC headquarters, and Sipat is close to Bilaspur, too.

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

Apply for a Car Loan

Car Loan EMI Calculator

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