Best Banks for Car Loan in Jammu
Car Loan Jammu Features
With the introduction of brand new cars in the Indian market weekly, the people are getting amazed by the different looks of cars, but the high price tags discourage them to buy those cars.
A car loan is the best way to attain cash in a small interval of time which will help you to arrange funds without any hindrance and hassle.
A car loan is financial assistance provided by banks and NBFC’s to individuals to fulfill their dreams of having their car. They provide the necessary funding according to your eligibility for purchasing a vehicle which can be on Ex-Showroom Price or On-Road Price of the car.
A car loan is a secured form of a loan with easy repayment options. Low-interest rates EMI options are available for car loans in Jammu.
Car Loan Jammu 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 |
| Private 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
Car Loan Jammu Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Address 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:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest Income Tax Return
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Jammu Eligibility Criteria
The car loan eligibility requirements are as followed in Jammu:
For Salaried Individuals:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in the current place of work and 2 years of total employment.
- Minimum Annual Income: Rs 100000 net annual income.
For Self Employed Individuals:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: A minimum of 3 years in business.
- 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 Jammu?
Availing a car loan Jammu 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!
You may also visit the nearest branch personally to avail a car loan which may be a bit hectic for you.
Car Loan for Major Car Manufacturers in Jammu
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Jammu
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Jammu
CIBIL score also known as credit score is the score that defines the credit-history of an applicant. The effectiveness with which a person has paid off his previous loans can be depicted through this score.
Any kind of loan including the car loan requires a good CIBIL score of the applicant. The exact value may differ from one bank to another. But, a score of 750 and above is considered a good score and makes the entire process of car loan availability easy and convenient.
The higher the CIBIL score, the easier it becomes for an individual to avail a car loan.
Apply for a Car LoanCar Loan Jammu Contact Number
Dial us up at +919878981166 to get more information about car loans at Jammu 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 Jammu
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 Jammu
Jammu is the winter capital and the largest city in Jammu district of the Indian union territory of Jammu and Kashmir. It is surrounded by the Himalayas in the north and the northern-plains in the south. Jammu is the second most populous city of the union territory.
Known as the City of Temples for its ancient temples and Hindu shrines, Jammu is the most visited place in the union territory. Jammu city shares its borders with the neighboring Samba district.
Apply for a Car LoanCar Loan EMI Calculator
You may also check the car loan EMI calculator available on our website.
Other Cities For Car Loan In Jammu & Kashmir
| Car Loan Anantnag | Car Loan Jamshedpur |
| Car Loan Akhnoor | Car Loan Hazaribagh |
| Car Loan Ranchi | Car Loan Ghatshila |
| Car Loan Madhupur | Car Loan Godda |
