Car Loan Jalandhar

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Best Banks for Car Loan in Jalandhar

Car Loan Jalandhar FeaturesCar Loan Jalandhar

Have a dream car in mind but don’t have the sufficient funds? Want to own a personal vehicle that can fulfill your essential need? Apply for a car loan in Jalandhar at affordable interest rates.

A car loan is a type of secured loan that a person can avail to buy a new or a used car, however, required. The collateral security, in this case, is the vehicle a person wants to buy and is taking a loan for.

  • Easy monthly repayment options
  • Instantly available
  • Loan Tenure period varies from 5-7 years
  • Affordable interest Rates
  • Easily and quickly available loans
  • No hidden charges

Car Loan Jalandhar 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 Jalandhar Documents Required

For Salaried Individuals:

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

For Self Employed Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest Income Tax Return
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.
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Car Loan Jalandhar Eligibility Criteria

The car loan eligibility requirements are as followed in Jalandhar:

For Salaried Individuals:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment:  1 year in the current place of work and 2 years of total employment.
  4. Minimum Annual Income: Rs 100000 net annual income.

For Self Employed Individuals:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: A minimum of 3 years in business.
  4. Minimum Annual Income:  Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Jalandhar?

Availing a car loan Jalandhar is an easy process with Dialabank. Just follow some steps to avail the best offers:

  • 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. Our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
  • For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!

There is also an offline method available for applying for a car loan in Jalandhar which requires the individual to physically visit the nearest branch office of the bank or NBFC and perform the formalities.

Car Loan for Major Car Manufacturers in Jalandhar

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Jalandhar

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 Jalandhar

CIBIL score is an essential criterion for availing a car loan based on which the banks and NBFCs approve a car loan to any customer. The minimum requirement of a CIBIL score for a car loan in Jalandhar varies from bank to bank. Generally, a score above 750 is considered to be a good score for any individual to be eligible to apply for a car loan in the city.

It is important that one should clear all the previous pending dues and debts in order to maintain a good credit score, before availing a car loan. Default in your credit score will hinder your opportunities for availing a fresh loan in the future.

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Car Loan Jalandhar Contact Number

Dial us up at +919878981166 to get more information about car loans at Jalandhar and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Jalandhar

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 Jalandhar

Jalandhar is a city in the Indian state of Punjab. Jalandhar lies alongside the Grand Trunk Road and is a well-connected rail and road junction. Jalandhar is 146 km northwest of Chandigarh, the state capital of Punjab and Haryana. Its name was rendered Jullundur during the British period.

Jalandhar exports goods like furniture, glass to neighboring cities and is a global hub for the manufacture of sporting equipment. Jalandhar is famous for its sports industry and equipment manufactured. It is also a hub for the manufacturing of hand tools. Jalandhar is also famous for its leather industry, leather for footwear, leather goods, furniture being sold to export houses located at Delhi, Agra, Kanpur, and other Indian cities

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Car Loan EMI Calculator

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