Car Loan Guna

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Guna

Best Banks for Car Loan in Guna

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 Guna Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A 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.

Car Loan Guna 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

Car Loan Guna Documents Required

Documents required for car loan are as followed:

For salaried:

  • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
  • Income Proof: For Salaried- Latest 3-month salary slip with form 16 of the applicant
  • Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
  • Bank Statement: Last 6 months bank statement of the applicant

For self-employed:

  • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
  • Income Proof:  Latest Income Tax Report of the applicant
  • Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
  • Bank Statement: Last 6 months bank statement of the applicantApply for a Car Loan

Car Loan Guna Eligibility Criteria

The car loan eligibility criteria requirements are as followed in Guna:

For salaried:

  • The applicant should be a minimum age of 21 years old and a maximum age of 65 years
  • The applicant should be 1 year in current employment and a minimum of 2 years of employment
  • The annual income should be Rs.100,000 net annual income

For self-employed:

  • The applicant should be a minimum age of 21 years old and a maximum age of 65 years
  • The applicant should be at least 3 years in business
  • The net profit should be Rs.60,000 p.a for standard cars and Rs.100,000 per annum for mid-sized and premium cars

Processing Fees & Prepayment Charges on Car Loan Guna

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 Guna

Apply for a Car Loan

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Guna so that they can minimize the risk of lending to you. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper car loan interest rate.

CIBIL score when higher helps to get a low level of interest rate on car loans.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Guna Contact Number

You can get a car loan Guna easily from Dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Guna

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

Other Cities For Car Loan In Madhya Pradesh

Car Loan Dewas Car Loan Burhanpur
Car Loan Dhar Car Loan Betul
Car Loan Datia Car Loan Barwaha
Car Loan Chhindwara Car Loan Balaghat