Car Loan Gurdaspur

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Car Loan Gurdaspur

Best Banks for Car Loan in Gurdaspur

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 Gurdaspur Features

car loan gurudaspurBuying your favorite car is not really a big deal unless if you have enough cash in hand. An Auto Loan is an offer that provides finance to people for buying a vehicle. It is a loan that can be used for buying an expensive and luxurious vehicle.

Car Loan Gurdaspur Interest Rate

Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

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 Gurdaspur Documents Required

Apply for a Car Loan

Documents required for car loan are as followed:

For salaried :

  • Identity proof- Aadhar Card, PAN Card, Voters ID card, Driving License
  • Income proof- Latest salary slip of 6 months
  • Address Proof- Ration card/ Driving license/Voters Card/Passport Copy/Telephone Bill/Electricity Bill, etc.
  • Bank statement of the last 6 months

For self-employed:

  • Identity proof- Aadhar card, PAN card, Voters ID card, Driving license
  • Income proof- Latest 1-year ITR
  • Address proof- Ration card/ Driving license/ Voters card/Passport copy/ Telephone Bill/Electricity Bill,etc.
  • Bank statement of the last 6 months

Car Loan Gurdaspur Eligibility Criteria

The car loan eligibility requirements are as followed in Gurdaspur:

For salaried:

  • The minimum age of the applicant to apply is 21 years and the maximum age of the applicant to apply is 65 years
  • 1 year in current employment and also a minimum of 2 years of employment is required
  • The annual income should be more than Rs.3 lakhs and also for the standard cars, the applicant should get more than 3 lakhs of income

For self-employed:

  • The minimum age of the applicant to apply for the loan is 21 years and the maximum age of the applicant to apply for the loan is 65 years for car loan
  • The applicant should have at least 3 years in business so that the applications will get approved quickly and also the applicant should submit income tax return (ITR) files
  • The net annual income should be more than 4 lakhs also for the standard cars, the applicant should have more than 3 lakhs of income

Car Loan for Major Car Manufacturers in Gurdaspur

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Gurdaspur

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 Gurdaspur

Apply for a Car Loan

CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900. you will get quick loan approval. If the CIBIL score is less than 700 then your application will be pending. Make sure you check your CIBIL score before you apply for the loan. If you pay your EMIs in time then your CIBIL score will increase. If you do not repay your EMI your CIBIL score will be reduced. the applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Gurdaspur Contact Number

For instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Gurdaspur

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

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