Car Loan Darbhanga

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Car Loan Darbhanga

Best Banks for Car Loan in Darbhanga

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 Darbhanga Features

car loan DarbhangaWant to purchase a car but don’t have the required funds for it? A car loan is what you can avail. A  Car loan is a secured loan with easy repayment options available for the applicants. The loan amount is offered on Interest charges which vary from one lender to another. You may avail a car loan for purchasing a new car as well as a used car.  The car loan requirements vary from one lender to another. So if you are thinking of purchasing your dream car, get an instant Car loan with DialaBank at an affordable rate of interest.

Car Loan Darbhanga 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
1%
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 Darbhanga Documents Required

The following are the required documents for car loan applicants from Darbhanga:

For Salaried Employees

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

For Self Employed

  1.  Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License of the applicant whichever available with you.
  2. Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant whichever available with you
  3. Bank Statement: previous 6 months bank transaction statement of the applicant
  4. Income Proof Latest Income Tax Report of the applicant from Darbhanga

Car Loan Darbhanga Eligibility Criteria

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

For Salaried Employee

  1. Minimum age: 21 years old for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 65 years old
  3. Minimum Annual Income: Rs 100000 net annual income is considered in Darbhanga
  4. Minimum employment: 1 year in current employment and a total of 2 years of employment experience in the past

For Self Employed

  1. Minimum age: 21 years old for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 65 years old
  3. Minimum Annual Income:  Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars for the applicant of Darbhanga.
  4. Minimum employment:  at least 3 years in business

Car Loan for Major Car Manufacturers in Darbhanga

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Darbhanga

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 Darbhanga

CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan. The CIBIL score required for car loans may vary from one lender to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, you might be required to pay a heavy car loan interest rates on the loan amount.

Car Loan Darbhanga Contact Number

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For any queries regarding the car loan in Darbhanga, you may contact the number 9878981166.

You can also visit us at Dialabank

Pre Calculated EMI Table for Car Loan Darbhanga

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 Darbhanga

Darbhanga is a Municipal Corporation in the Indian state of Bihar. Darbhanga is the 6th largest city of Bihar, only after Patna, Gaya, Bhagalpur, Muzaffarpur, Bihar sharif. It is the headquarters of the Darbhanga district and the Darbhanga division and was the seat of the Raj Darbhanga and capital of the Mithila region.

Car Loan EMI Calculator

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