Best Banks For Car Loan in Delhi

Feature	HDFC Bank	ICICI Bank	Kotak Mahindra Bank
Interest Rate	7.05 % - 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 Delhi Features

Car Loan Delhi

Being in a metropolitan city like Delhi you will need a car for transportation but limited income does not allow a common man to buy his car in Delhi. A Car Loan is a convenient option that allows a person to buy a car. Get the best funding with a lower interest rate and hassle-free experience to fulfill your dream with the help of dial-a-bank.

Car loan in Delhi often offer a fixed rate of interest options. It means that you are assured of a fixed amount that needs to be paid monthly. Car loans are not meant for just new cars but also for pre-owned cars. Now Apply for a Car Loan at Dialabank. Visit us at dialabank.

Car Loan Delhi 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 Delhi Documents Required

Documents required for car loan are as followed:

You will need a Proof of Identity like a Passport copy, PAN Card, Voters ID card, Driving License
You must show the Proof of Income for Salaried applicant is the Latest 3-month salary slip with form 16 and for Self Employed is the Latest Income Tax Returns (ITR)
You need to show the Proof of Address like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Lastly, you will need 6 months of Bank Statement

Car Loan Delhi Eligibility Criteria

The car loan eligibility requirements are as followed:

SALARIED INDIVIDUALS

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.
Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

Minimum age: 30 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 2 years in business
Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

How to Apply for Car Loan in Delhi?

Apply For Car Loan Now

Car Loan Delhi

Visit us at dialabank.com
Go to the loan section and click on the auto loan link.
Fill out the form with details and submit the form.
We will contact you in a short period of time.
For further information please contact 9878981166.

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Car Loan for Major Car Manufacturers in Delhi

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Delhi

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
Prepayment Charges	>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 Delhi

CIBIL is a credit information company, You can check your CIBIL report to verify your standing in terms of credit score. A CIBIL score of 750 or more can get you a low-interest rate. However, the interest rate for a score of 650 to 750 will be slightly higher which may provide a high-interest rate. If you have defaulted in your CIBIL report, or have a very low score, your application may be rejected.

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Car Loan Delhi Contact Number

Customers can contact us at 9878981166 to get exclusive car loan deals right from your home or can apply

Pre Calculated EMI Table for Car Loan Delhi

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 Delhi

Delhi, India’s capital region, is a gigantic metropolitan territory in the nation’s north. In Old Delhi, a local dating to the 1600s, stands the forcing Mughal-time Red Fort, an image of India, and the rambling Jama Masjid mosque, whose yard obliges 25,000 individuals. Close by is Chandni Chowk, a dynamic bazaar loaded up with food trucks, dessert shops, and flavor slows down.

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