Car Loan Jabalpur

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Car Loan Jabalpur

Best Banks for Car Loan in Jabalpur

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35% - 7.95 %
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 Jabalpur Features

Car loan jabalpur

Apply for a car loan in Jabalpur

A Car Loan is an offer that provides funds for buying a vehicle. It is a simple loan scheme that allows the person to pay for the vehicle in partitions. It is a convenient scheme for the people who want to buy a vehicle, but could not buy it due to lack of funds. Now avail a car loan with affordable interest rates and monthly repayment options with the help of Dial-a-bank. The main features of a car loan in Jabalpur are:

  • Car loans are available at low-interest rates
  • Almost all major banks and NBFCs offer car loans in Siwan
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank

Car Loan Jabalpur 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 Jabalpur Documents Required

Documents required for car loan are as followed:

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest 3-month salary slip with form 16
  • Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest ITR
  • Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

Car Loan Jabalpur Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.

For Salaried:-

  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. Minimum Annual Income: Rs 1,00,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at smallest 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

How to Apply for Car Loan in Jabalpur?

Availing a car loan in Jabalpur is an easy process with DialaBank. Follow the following steps to avail the best offers:

  • 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 contact administrator will soon get in touch with you.
  • You may also contact our relationship managers on the number 9878981166.
  • For availing a car loan offline you will be required to visit the nearest branch personally.

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Car Loan for Major Car Manufacturers in Jabalpur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Jabalpur

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 Jabalpur

The CIBIL score is what defines your ability to pay off your credits. A higher Credit score defines your good credit history and makes your application process smooth and easy to be processed. Usually, banks and NBFCs require a credit score of 750 and above to approve your loan application process in Jabalpur. This score may vary from bank to bank. In case a CIBIL score is less 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 Jabalpur Contact Number

In case of any queries regarding the car loan in Jabalpur, you may contact the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Jabalpur

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 Jabalpur

Jabalpur is formerly known as Jubbulpore in the Indian state of Madhya Pradesh. It is one of the major cities of Madhya Pradesh. According to the 2011 census, it is the third-largest urban agglomeration in Madhya Pradesh.

It is known for the Dhuandhar Falls and the white Marble Rocks at Bhedaghat. It is generally accepted that the game of Snooker originated here. This game is also known as billiards.

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Car Loan EMI Calculator Jabalpur

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