Car Loan Gurgaon

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Gurgaon

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 Gurgaon Features

car loan gurgaon

Being a resident of a leading city like Gurgaon, having your own car must be on your wishlist. But if you don’t have the funds for it, you have come to the right place! Dialabank is here to assist you to get car loans for both brand-new and second-hand cars, for both ex-showroom and on-road prices. With us, you can get access to many features of car loans in Gurgaon such as: –

  • Car loans are available at low-interest rates, which may vary from bank to bank so make sure you compare and choose wisely!
  • Almost all major banks and NBFCs offer car loans in Gurgaon.
  • The documentation process is quick and hassle-free, so we can help you fulfill your dream with great efficiency.
  • Car loans are easily available through DialaBank.

Car Loan Gurgaon 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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Gurgaon Documents Required

The essential documents required to get a car loan approved in Gurgaon are as follows:

  • Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  • Income ProofFor Salaried– 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.

Car Loan Gurgaon Eligibility Criteria

car loan gurgaon

The car loan eligibility is as followed in Gurgaon:

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 Gurgaon?

Availing a car loan in Gurgaon is an easy process with DialaBank. Just follow some steps to avail the best offers conveniently!

  • Visit our website
  • Click on the car loan option available in the menu
  • Fill in the details regarding the car type and your income
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.

For availing a car loan offline you will have to visit the branch personally, which would have been hectic for you. So we decided to come to you online instead!

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Car Loan for Major Car Manufacturers in Gurgaon 

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Gurgaon

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 Gurgaon

The CIBIL score is referred to as what defines your ability to pay off your credits and is based on your repayment history. A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Gurgaon. This score may again vary from bank to bank. CIBIL score is important because if it is lower than the required value, you will be required to pay a high rate interest rate on the loan amount.

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Car Loan Gurgaon Contact Number

In case of any queries regarding a car loan in Gurgaon, you may contact us on the number 9878981166 for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Gurgaon

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 Gurgaon

Gurgaon is a city only southwest of New Delhi in northern India. It’s known as a budgetary and innovation center. The Kingdom of Dreams is an enormous complex for dramatic shows. Sheetala Mata Mandir is an orange-and-white-striped Hindu sanctuary. The Vintage Camera Museum grandstands cameras and prints traversing a century. West of the city, Sultanpur National Park is home to several flying creature species.

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