Best Banks for Car Loan in Chiplun
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 Chiplun Features
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A Car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.
Some of the features of car loan in Chiplun are:
- Up to 90-95% of the funding available for new cars
- Up to 80-85% of the funding available for used cars
- The loan period is usually between 1 to 7 years.
- The interest rate is calculated based on of compound interest.
- Equated Monthly Installment is worked out for repayment.
- Early settlement of the pending amount is available subject to the prepayment penalty.
Car Loan Chiplun Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
ICICI Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Chiplun Documents Required
Documents required for car loan are as followed:
For Salaried Employee
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Address 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
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: The Latest ITR
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Chiplun Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried Employee
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income: For Salaried Rs 100000 net annual income
For Self Employed
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Three years of operating in the business.
Car Loan for Major Car Manufacturers in chiplun
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Chiplun
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Chiplun
CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher car loan rate of interest.
A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan in Chiplun.
Car Loan Chiplun Contact Number
For more information regarding the car loan in Chiplun, you can give us a call on 9878981166
You can also visit our website Dialabank for further information.
Pre Calculated EMI Table for Car Loan Chiplun
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 Chiplun
Chiplun is a city in the Maharashtra state, India. It falls under the District of Ratnagiri. The city is about 320 km south of Mumbai in the Konkan region of Maharashtra. Marathi is the Official language used in Chiplun City.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator
Other Car Loan Cities in Maharashtra
Car Loan Alibag | Car Loan Ahmednagar |
Car Loan Akluj | Car Loan Thoubal |
Car Loan Akot | Car Loan Imphal |
Car Loan Akola | Car Loan Churachandpur |
Table of Contents
- 1 Best Banks for Car Loan in Chiplun
- 2 Car Loan Chiplun Features
- 3 Car Loan Chiplun Interest Rate
- 4 Car Loan Chiplun Documents Required
- 5 Car Loan Chiplun Eligibility Criteria
- 6 Car Loan for Major Car Manufacturers in chiplun
- 7 Processing Fees & Prepayment Charges on Car Loan Chiplun
- 8 CIBIL Score Required for Car Loan in Chiplun
- 9 Car Loan Chiplun Contact Number
- 10 Pre Calculated EMI Table for Car Loan Chiplun
- 11 About Chiplun
- 12 Car Loan EMI Calculator