Car Loan Gwalior

Best Banks for Car Loan in Gwalior

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 Gwalior Features

Car loan gwaliorIf you wish to make your dream come true of owning a luxurious car but financial constraints restrict you, then a Car Loan is the right solution for you. Almost all the major lending institutions provide car loans at an attractive interest rate without much paperwork. Other than a brand new car, you can also purchase a pre-owned car or used car using a used car loan that is offered by numerous financial institutions.

Car Loan Gwalior 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 Gwalior Documents Required

Documents required for car loan are as followed:

  1. ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
  2. Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  3. Income Proof: Previous 3 months salary slips or Form 16 for a salaried individual and recent tax return files for a self-employed individual
  4. Recent passport size photographs-2

Car Loan Gwalior Eligibility Criteria

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

SALARIED INDIVIDUALS

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
  4. Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

  1. Minimum age: 30 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 2 years in business
  4. 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 Gwalior?

 The best way to apply for a car loan is by applying online without any hassle. The procedure is very simple and is as follows:

  1. Visit our website DialaBank.
  2. Click on Car Loans under the auto loans category.
  3. The applicant must fill an online application form stating all the personal and professional details.
  4. Give your current contact number so that our executives can get in touch with you for further assistance.

One can avail a car loan through offline mode as well by going to the nearest branch of the bank and completing all the formalities thereafter. Make sure all the documents provided are correct.

Car Loan for Major Car Manufacturers in Gwalior

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Gwalior

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 Gwalior

Banks and NBFCs consider CIBIL score as an important criterion before approving for a loan. It signifies the creditworthiness of any individual. The minimum CIBIL score requirement for financing a car vary from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.

The credit history of any applicant must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process.

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Car Loan Gwalior Contact Number

To avail instant car loans you can visit our website or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you the most suitable deal.

Pre Calculated EMI Table for Car Loan Gwalior

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

You can calculate your EMI here: Car Loan EMI Calculator

About Gwalior

Gwalior is a city in the focal Indian province of Madhya Pradesh. It’s known for its royal residences and sanctuaries, including the Sas Bahu Ka Mandir complicatedly cut Hindu sanctuary. Old Gwalior Fort involves a sandstone level sitting above the city and is gotten to by means of a winding street fixed with consecrated Jain sculptures. Inside the fortification’s high dividers is the fifteenth century Gujari Mahal Palace, presently an archeological exhibition hall.

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