Car Loan Cuttack

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Major Car Loan Providers in Cuttack

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 Cuttack Features

Car Loan Cuttack

Are you in need of urgent car loan?

Planning to buy your favorite car?

The car loan is financial support provided by banks and finance companies to fulfill your dream of owning a car. They provide a demanded amount of money for buying a car which can be on Ex-Showroom price or On-Road price. The car loan is considered a secured loan which can be easily repaid.

What are some of the Car Loan Cuttack features?

Car Loan Cuttack provides financial support at the best affordable interest rates to buy the car of your choice. You can comfortably pay back car loans through monthly installments.

Also, interest rates depend entirely on banks or NBFCs.

Car Loan Cuttack Interest Rates

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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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Cuttack Documents Required

Documents required for Car Loan Cuttack are as follows:

For Salaried Individuals:

  1. Identity Proof: PAN Card, or Driving License, Electoral Photo ID card, Copy of Passport can be used as Identity proof.
  2. Income Proof: 3 or 6 months salary certificate with ITR.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card, Bill of Electricity, and Life Insurance Policy are valid address proofs.
  4. Bank Statement for the previous six months or half-year.

For Self-Employed Individuals

  1. Identity Proof: PAN Card, or Driving License, Electoral Photo ID card, Copy of Passport can be used as Identity proof.
  2. Income Proof: Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card, Bill of Electricity, and Life Insurance Policy are valid address proofs.
  4. Bank Statement for the previous six months or half-year.

Car Loan Cuttack Eligibility Criteria

For Car Loan Cuttack eligibility, one needs to adhere to this criteria.

For Salaried applicants:

  1. The minimum age must be 21 years.
  2. The maximum age on loan maturity needs to be 65 years.
  3. The claimant should have served 1 year in current employment including total work practice of 2 years.
  4. The minimum annual income demands to be at 100000 Indian rupees as a net annual income.

For Self-Employed Applicants:

  1. The minimum age must be 21 years.
  2. The maximum age on loan maturity needs to be 65 years.
  3. The applicant should be active for at least 3 years in business.
  4. The net profit demanded is Rs 60000 per annum for generally standard cars and Rs 100000 per annum for medium-sized premium cars

How to Apply for Car Loan in Cuttack?

Apply for a Car Loan

Applying for a Car Loan Cuttack with Dialabank is a comfortable process. Follow the steps to apply for a car loan:

  1. Visit Dialabank online.
  2. Click on the auto loan option and choose the car loan section on the menu.
  3. Fill out the form with the necessary data for your loan requirements.
  4. Wait for our team of customer experts to reach to get in touch with you.
  5. You can also visit your nearby branch or call on 9878981166.

Car Loan for major car manufacturers in Cuttack

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Cuttack

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 Cuttack

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CIBIL score displays your credit history in the past as well as your errors in repayment of your previous loans. A good credit score is regarded as 750 and above as most of the financial establishments ask for a high credit score. Every bank and NBFC has different guidelines for a minimum CIBIL score they need to process your loan. A Lower CIBIL score than 750 can carry a higher interest rate.

Car Loan Cuttack Contact Number

To avail the best car loans in Cuttack, Reach on 9878981166

Pre Calculated EMI Table for Car Loan Cuttack

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 Cuttack

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In the eastern Indian state of Odisha, Cuttack is a city placed on a peninsula flanked by the Mahanadi River to the north and the Kathajodi River to the south. The ruins of moated Barabati Fort were once home to the Eastern Ganga dynasty which represents the city’s medieval significance. In the Barbati Fort, there is a Shahi Mosque with 3 white domes. Also, there is a Maa Cuttack Chandi Temple nearby it which is a pilgrimage site for many.

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 Cuttack

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