Car Loan Chapra

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Car Loan Chapra

Best Banks for Car Loan in Chapra

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 Chapra Features

car loan chapra

The car loan in chapra has a lot of features that are only made available by dialabank at just a click. There are many banks and other lending institutions that provide car loans in chapra and these institutions provide car loan chapra in much different interest rates which are dependent upon the CIBIL score of the person applying for the loan to avail of a car. You can pay the loan in 1 to 5 years easily by paying the installments.

Car Loan Chapra 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 Chapra Documents Required

Documents required for car loan are as followed:

For Salaried Employee

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

For Self Employed

  1. Identity Proof: Voters ID card, Driving License, Passport, PAN Card photocopies of the applicant
  2. Address Proof: Voters card/Passport Copy/Telephone Bill/Ration card/Driving license/Electricity Bill/Life Insurance Policy/PAN Card copy of the applicant
  3. Bank Statement: Last 6 months bank statement photocopy of the individual
  4. Income Proof– Latest Income Tax Report copy of the applicant

Car Loan Chapra Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  1. Minimum age: 21 years old
  2. Minimum Annual Income: For Salaried Rs 100000 net annual income
  3. Maximum age at loan maturity: 65 years old
  4. Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment

For Self Employed

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

Car Loan for Major Manufacturers in Chapra

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Processing Fees & Prepayment Charges on Car Loan Chapra

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 Chapra

Almost every banking and lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Chapra so that they can minimize the risk of lending to you and also if your CIBIL score is high you get an interest rate at a much lower interest rate than others. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions look at the overall score and also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Chapra Contact Number

Apply for a Car Loan

You can get a car loan Chapra easily from dialabank by contacting the number 9878981166. You can also visit our website for further assistance Dialabank.

Pre Calculated EMI Table for Car Loan Chapra

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 Chapra

Chhapra is an adorable city with stunning sighting spots and headquarters of the Saran district in the Indian state of Bihar. Chapra situated near the junction of the Ghaghara River and the Ganges River in Bihar.

Car Loan EMI Calculator

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Car loan EMI can be calculated by Car loan EMI Calculator. You can use a dialabank EMI calculator too. 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 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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