Car Loan Hoshiarpur

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Best Banks for Car Loan in Hoshiarpur

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 Hoshiarpur Features

car loan hoshiarpur

Looking to purchase a car but don’t have the funds for it? Voila! A car loan is here for you, which is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a car, whether new or second-hand. With cars becoming a necessity, car loans have gained importance, and we have just the thing for you to make your application convenient in Hoshiarpur:

  • Car loans are provided 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 Hoshiarpur in your neighbourhood
  • The documentation process is quick with Dialabank
  • Car loans are easily available and our customers get the best opportunities!

Car Loan Hoshiarpur 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

Car Loan Hoshiarpur Documents Required

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

  1. Passport copy, PAN Card, Voters ID card or any other form of identity proof
  2. Latest 3-month salary slip with form 16 and ITR filing proofs required
  3. Any one address proof
  4. 6 months of bank statements.

Car Loan Hoshiarpur Eligibility Criteria

The car loan eligibility requirements are as followed in Hoshiarpur:

Salaried Individuals:

  1. The age should be a minimum of 21 years and a maximum of 60 years
  2. A minimum of 1 year in current employment and a previous minimum of 2 years of total employment is necessary
  3. A minimum of Rs 100000 income per annum

Self-employed Individuals:

  1. The age should be between 30-65 years.
  2. At least 3 years of working business.
  3. A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Hoshiarpur?

Availing a car loan Hoshiarpur is an easy process with DialaBank, and there are two ways to do it:

  • For the online method, you can visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Just 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 the offline method, you will have to visit the branch personally multiple times, which might turn to be a tiring experience for you.

Processing Fees & Prepayment Charges on Car Loan Hoshiarpur

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

Get a car loan from AXIS bank

Get a car loan from SBI

CIBIL Score Required for Car Loan in Hoshiarpur

The CIBIL score tells the banks and NBFCs 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, while a lower score can charge you a higher interest rate and make your process difficult. Mostly, banks and NBFCs consider a minimum credit score of 750 as a good score in Hoshiarpur.

Car Loan Hoshiarpur Contact Number

In case if you have queries regarding the car loan in Hoshiarpur, you may contact us on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Hoshiarpur

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 Hoshiarpur

Hoshiarpur is located in the Doaba region of Punjab. It is known as City of Saints as many great saints belong to this city, and is also well known for its highly developed urban culture and sense. Its population is around 1.7 lakhs.

Car Loan EMI Calculator

Get a car loan from HDFC bank

Get a car loan from Kotak Mahindra bank

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