Car Loan Jajpur

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
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Best Banks for Car Loan in Jajpur

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 Jajpur Features

Car loan Jajpur

If purchasing a car is your dream and you lack funds, then you have come to the right place. We provide you with the best in market Interest rates and help you check your Eligibility. Get the best Car Loan with easy documentation and the Lowest EMIs.

A car loan is a financial help provided by banks and NBFC’s to fulfil your dream of having your own car. We provide you with the necessary funds for buying a new or used car.

One can pay for the car in feasible instalments. A Car Loan is secured against the vehicle, with easy repayment and is facilitated on low-interest charges varying from one bank to the other. 

Some of the features of car loan in Jajpur are:

  • Period of the loan is generally between 1 to 7 years.
  • Between 90-95%% of the funds are available for buying new cars
  • Between 80-85%% of the funds are available for used cars
  • Equal Monthly Instalment is worked out for the repayment of the loan.
  • Compound interest is used to calculate the interest rate.
  • Early settlement of the pending amount is available subject to the pre-payment compensation.

Apply online on Dialabank. Go to the loan section on the page and click on the car loan link. The applicant will be directed to all the details of the car loan where they can choose their preferred city, according to their needs.

Car Loan Jajpur 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 Jajpur Documents Required

For Salaried Individuals:

  • Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  • Income Proof: 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.

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 Jajpur Eligibility Criteria

For Salaried Applicants

  • 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
  • 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 3 years in business
  • 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 Jajpur

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Jajpur

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 Jajpur

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Jajpur Contact Number

For more information regarding the car loan in Jajpur, you can contact us on 9878981166 or visit our website Dialabank.

Pre Calculated EMI Table for Car Loan Jajpur

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 Jajpur

About Jajpur

Jajpur is a district and municipality situated in the state of Odisha, India. The Cuttack district was split into multiple districts with Jajpur being one of them all. The district came into being on 1 April 1993. The population of Jajpur is around 50,000 according to the 2-11 census.

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