Best Banks for Car Loan in Faridkot
Car Loan Faridkot Features
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. 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.
Features of Car loan in Faridkot are:
- Easy monthly repayment options
- Instantly available
- Loan Tenure period varies from 1-7 years
- Affordable car loan interest Rates
- No hidden charges
- Quick approval with minimum documentation
Car Loan Faridkot Interest Rate
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
ICICI Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Faridkot Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Residence 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 Individuals:
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Faridkot Eligibility Criteria
To obtain the loan amount, a person must meet the Eligibility criteria for car loan.
You should be at least 21 years of age to apply for a car loan. 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 FaridkotTABLE WILL APPEAR
How to Apply for Car Loan in Faridkot?
- Apply online on www.dialabank.com
- Go to the loan section on the page and click on the car loan link.
- The applicant will be directed to all the details of the car loan where they can choose their preferred city, according to their needs.
- For more information on car loans and free guidance, you may call on 9878981166.
Processing Fees & Prepayment Charges on Car Loan Faridkot
Cheque Bounce Chgs
Floating Rate of Interest
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Faridkot
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 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.
Car Loan Faridkot Contact Number
For any queries regarding the car loan in Faridkot, you can contact us on 9878981166.
Pre Calculated EMI Table for Car Loan Faridkot
Faridkot is a small city and a Municipal Council in Faridkot district, Punjab. Faridkot is a division with headquarters at Faridkot consists of three Districts Faridkot, Bathinda, and Mansa.
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 Punjab
|Car Loan Dinanagar||Car Loan Bhadson|
|Car Loan Dhuri||Car Loan Bathinda|
|Car Loan Dausa||Car Loan Batala|
|Car Loan Dasuya||Car Loan Barnala|
Table of Contents
- 1 Best Banks for Car Loan in Faridkot
- 2 Car Loan Faridkot Features
- 3 Car Loan Faridkot Interest Rate
- 4 Car Loan Faridkot Documents Required
- 5 Car Loan Faridkot Eligibility Criteria
- 6 Car Loan for Major Car Manufacturers in Faridkot
- 7 How to Apply for Car Loan in Faridkot?
- 8 Processing Fees & Prepayment Charges on Car Loan Faridkot
- 9 CIBIL Score Required for Car Loan in Faridkot
- 10 Car Loan Faridkot Contact Number
- 11 Pre Calculated EMI Table for Car Loan Faridkot
- 12 About Faridkot
- 13 Car Loan EMI Calculator