Car Loan Jhabua

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Best Banks for Car Loan in Jhabua

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 Jhabua Features

car loan jhabua

Want to own a car? But don’t have the funds for it? You have come to the right place! Car loans are offered by banks and NBFCs, and Dialabank is here to help you avail those loans easily for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. If you are a resident of Jhabua, you have access to a wide range of appealing features for a car loan: –

  • Car loans are available at low-interest rates, which may vary from bank to bank.
  • Almost all major banks and NBFCs offer car loans in Jhabua in your vicinity
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank

Car Loan Jhabua 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 Jhabua Documents Required

The essential documents required to get a car loan approved in Jhabua are first and foremost, an identity Proof such as your passport copy, PAN card, voters ID card, driving license. Secondly, income proof which, for Salaried employees includes the latest 3-month salary slip with form 16, and for Self-Employed, the latest ITR proof. It also required an address proof, any one thing among your ration card / driving license / voters card / passport copy / telephone bill / electricity bill / life insurance policy, or your PAN card. Lastly, your bank statements from the last 6 months will be required

Car Loan Jhabua Eligibility Criteria

car loan jhabua

The car loan eligibility requirements in Jhabua include the minimum age, which should be 21 years for salaried individuals and 30 years in case of a self-employed, while the maximum age at loan maturity should be 60 and 65 years respectively for salaried and self-employed individuals. The minimum employment period for a salaried individual should be 1 year in current employment and a minimum of 2 years of total employment, while for the self-employed, it should be at least 3 years in business. Lastly, the minimum annual income for a salaried employee should be Rs 100000 net annual income, while for a self-employed, the net profit should be 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 Jhabua?

Availing a car loan in Jhabua is an easy process with DialaBank. Follow the given 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 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 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!

Processing Fees & Prepayment Charges on Car Loan Jhabua

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 Jhabua

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Jhabua. This score may again vary from bank to bank. In case of a low CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Jhabua Contact Number

In case of any queries regarding a car loan in Jhabua, you may dial-up the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Jhabua

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 Jhabua

Jhabua is located in the state of Madhya Pradesh. It is known for its scenic beauty and its black cotton soil commonly known as ‘white gold’. It is also home to the rare and unique ‘kadaknath chicken’, famous for its taste and health benefits. Its population is around 36000.

Car Loan EMI Calculator

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