Car Loan Budaun

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Car Loan Budaun

Best Banks for Car Loan in Budaun

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 Budaun Features

Thinking to buy a car? Do not have sufficient funds for it? If yes, then availing a Car Loan can be the best option. It is a finance scheme that covers cars of any brand and model. Also, it offers the flexibility to pay for the car in installments rather than paying it at once. Features of car loan Budaun

car loan budaun

  • Easy monthly repayment options.
  • Instantly available.
  • Loan Tenure period varies from 5-7 years.
  • Affordable Interest Rates.
  • Easily and quickly available loans.
  • No hidden charges.

Car Loan Budaun Interest Rate

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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 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 Budaun Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Identity Proof in the form of Passport copy, PAN Card,  Driving License, Voters ID card, or any other proof
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Address Proof: Ration card / Driving license /  / Telephone Bill / Electricity Bill / Voters card / Passport Copy/ Life Insurance Policy /PAN Card
  4. Bank Statements for the last 6 months.

For Self Employed

  1. Identity Proof in the form of Passport copy, PAN Card,  Driving License, Voters ID card, or any other proof
  2. Income Proof: they need to submit the Latest ITR
  3. Address Proof: Ration card / Driving license /  / Telephone Bill / Electricity Bill / Voters card / Passport Copy/ Life Insurance Policy /PAN Card
  4. Bank Statements for the last 6 months.
  5. ITR must be filed for the last two years for self-employed people.

Car Loan Budaun Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

Car loan eligibility criteria for the salaried and self-employed vary in the following manner:

  1. Minimum age: 21 years for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 60 years for salaried and 65 for self-employed
  3. Minimum Annual Income: Rs 100000 net annual income is necessary.
  4. Minimum employment: 1 year in current employment and a minimum of 2 years of employment

For Self Employed

  1. Minimum age: 21 years for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 60 years for salaried and 65 for self-employed
  3. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars are essential.
  4. Minimum employment: they need to have at least 3 years in business

Car Loan for Major Car Manufacturers in Budaun

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Budaun

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 Budaun

CIBIL score is a description of your past creditworthiness. The CIBIL score required for car loans may vary from lender to lender. A CIBIL score of 750 and above is accepted by most banks to process your car loan application. You might be required to pay a heavy interest rate on the loan amount in case of a low CIBIL score.

Car Loan Budaun Contact Number

For any queries regarding the car loan in Budaun, you may contact the number 9878981166. We are always there to help you out in smoothing the car loan process so for further assistance, you can visit us at Dialabank

Pre Calculated EMI Table for Car Loan Budaun

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 Budaun

Budaun is a city in Uttar Pradesh, India. It is situated close to the Ganges waterway in the focal point of Western Uttar Pradesh. Budaun is a major market, historically famous and religiously important city. It is the core of Rohilkhand. Budaun is considered to be of immense religious significance among the two Hindus and Muslims. At the primary look, Budaun with its dusty roads and languid boulevards appears to be simply a detached humble community. Yet, moving around the city, you come across numerous historical ruins and monuments that reveal many legends from its past

Car Loan EMI Calculator

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