Car Loan Durg

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Car Loan Durg

Best Banks for Car Loan in Durg

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 Durg Features

A car loan is a financial support provided by banks and NBFC’s to fulfil your vehicle’s dream. They provide necessary funding for purchasing the best car, which can be on Ex-Showroom Price or On-Road Price of your selected car. A car loan is a secured loan with easy repayment options as per your affordability.

The bank may approve the loan amount after checking your credit history. It would be best if you had an excellent CIBIL score to avail the best offer on loans. The car loan amount is offered on Interest charges which may not be the same for each bank. One can pay back the loan in easy and affordable monthly instalments.

This loan is a way to get your dream car in your hands; the loan may be provided with the best offers.

Car Loan Durg

Car Loan Pai

Car Loan Durg 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 Durg Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Durg Eligibility Criteria

The car loan eligibility requirements are as followed:

You should be at least 21 years of age to apply for a car loan. In addition, the maximum age of a person should be 65 years at the time of maturity of the loan.

For Salaried: You should be having a minimum of 2 years of employment, and you should be working for at least 1 year in your current employment. The minimum annual salary required is Rs. 100000 as net annual income.

For Self Employed: You should be in the business for at least 3 years. A net profit of at least Rs. 60000 p.a. should be there for standard cars and Rs. 100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Durg

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Durg

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 Durg

CIBIL score plays an essential key role in deciding the approval of a loan. The CIBIL score provides a clear picture of credit history and any outstanding dues standing against the individual. In addition, the credit history is necessary to disburse or approve the loan amount after checking the eligible CIBIL score. Typically, CIBIL scores 750 or above are considered best by many leading banks.

So you must have an eligible CIBIL score to get loan approval for your dream car.

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Car Loan Durg Contact Number

Apply online with Dialabank and avail the best offers on a car loan with instant approval and extra benefits. or you can make a missed call on this number 9878981166

Our customer care executive provides you guidance and assistance to solve your queries.

Pre Calculated EMI Table for Car Loan Durg

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

Car Loan EMI Calculator

About Durg

Durg place or district is a district situated in Chhattisgarh, India. The district headquarters is Durg. The district almost covers an area of 2,238 km². As of 2011, it is the second-most densely populated district of Chhattisgarh, after Raipur. The district is home to two important religious and cultural sites.

Special Note: Banks do not provide Car Loans to defaulters in credit repayments, but one can quickly fulfil their money requirement with Gold Loan.

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