Best Banks for Car Loan in Chandrapur
Car Loan Chandrapur Features
Who doesn’t want to own a car? In today’s fast-moving world, a car has become a necessity. But not everyone can afford the heavy prices that these cars are placed at. This is where car loan comes into play. A car loan is a secured loan with easy repayment options available through various banks in form of EMIs.
The loan amount is offered in exchange of Interest charges on the principal amount which vary from one lender to another. Whether purchasing a new car or a used one, you may avail a car loan for any car. The car loan requirements vary depending upon certain factors like your income. So if you are thinking of purchasing your dream car in Chandrapur, get an instant Car loan Chandrapur with DialaBank at affordable rate of interest.
Car Loan Chandrapur Interest Rate
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Chandrapur Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Chandrapur 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 ChandrapurTABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Chandrapur
Cheque Bounce Chgs
Floating Rate of Interest
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Chandrapur
CIBIL score is a form of a numeric value that describes your creditworthiness of the past loans. So, it is an important factor to keep in mind while availing a car loan in the city. The CIBIL score required for car loans in Chandrapur may vary from one lender to another due to the presence of a huge number of lenders. Most banks prefer a Credit score of 750 and above to process your car loan application in the city. In case of a low CIBIL score, to get your loan sanctioned you might be required to pay a heavy interest rate on the loan amount than the otherwise affordable rate.
The lenders also evaluate your previous loan payments efficiency. In case of any default, you may not be given a car loan.
Car Loan Chandrapur Contact Number
For any queries regarding the car loan in Chandrapur, you may contact on the number 9878981166.
Pre Calculated EMI Table for Car Loan Chandrapur
Chandrapur is a city and a municipal corporation situated in the Chandrapur district, Maharashtra state, India. It is the district headquarters of Chandrapur district. Chandrapur is a fort city situated at the confluence of the Irai river and Zarpat river.
Car Loan EMI Calculator
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