Car Loan Hoshangabad

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Best Banks for Car Loan in Hoshangabad

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 Hoshangabad FeaturesCar Loan Hoshangabad

Want to purchase your dream vehicle, but can’t because of the weak financial status? You have reached the right place that is Dialabank. We at Dialabank help the loan seekers to compare, analyze and choose the best loan possible as per their needs.

A car loan is a financial help provided by banks and NBFC’s to fulfil your dream of having your car. They provide necessary funding for purchasing a car which can be on On-Road Price of the car and even the Ex-Showroom Price. This type of loan is secured with easy repayment alternates. The loan amount is offered on Interest charges which vary as per the institute you go for. One can pay for the vehicle in easiest instalments!

Car Loan Hoshangabad Interest Rates

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 Hoshangabad Documents Required

For Salaried Individuals:

  • Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: Latest three month’s salary slip with Form No. 16
  • Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: of the last six 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 Hoshangabad Eligibility Criteria

For Salaried Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: One year in current employment and a minimum of two years of employment
  • Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: At least three years in business operations
  • Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Hoshangabad

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Hoshangabad

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 Hoshangabad

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Hoshangabad so that they can minimize the risk of lending. Most institutions require a score of CIBIL of 750 or above to process your loan application. Having a reliable CIBIL score helps the loans to be availed at a cheaper rate of interest.

The institutions do not only consider the overall score but also they look at detailed behaviour on the previous loan patterns. This includes details on the type of loan taken and the amount borrowed. Deferred payments on previous loans can act as a barrier to avail a new loan.

Try to get a good CIBIL score to avail the best offers on the car loan with Dialabank!

Car Loan Hoshangabad Agent Contact Number

You can get instant help regarding any queries for your car loan application anywhere in Hoshangabad easily from Dialabank by contacting the number 9878981166. or by visiting the website of Dialabank.

Pre Calculated EMI Table for Car Loan Hoshangabad

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 Hoshangabad

About Hoshangabad

Hoshangabad also is known as Narmadapuram is a city and a municipality in Hoshangabad district in the Indian state of Madhya Pradesh. It serves as the headquarters of both Hoshangabad district and Narmadapuram division. It is located in the central part of India, on the south bank of the Narmada River. Hoshangabad is located approximately 76.7km from the capital of the state that is Bhopal. Nearest airport Bhopal. As per the census 2011 in India, Hoshangabad had significantly witnessed a population of 117,988.

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