Car Loan Kapurthala

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Car Loan Kapurthala

Best Banks for Car Loan in Kapurthala

Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Kapurthala Features

car loan KapurthalaAre you thinking to buy a vehicle but you do not have the funds to pay for it? Then, availing an Auto Loan is the best solution to your problems. It is a scheme that allows a person to pay for the vehicle in installments rather than paying it at once. A standard Hatchback car can cost you a minimum of 5 lacks, and it is not possible for everyone to manage this big amount altogether.

Car Loan Kapurthala Interest Rate

Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month.

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 Kapurthala Documents Required

Documents required for car loan are as followed:

  1. Identity Proof- Aadhar card, PAN Card, Voters ID card, Driving License
  2. Income Proof- For Salaried Latest salary slip of 6 months/ For Self- Employed Latest 1 year ITR
  3. Proof of Address:- Ration card / Voters card / Passport Copy /Driving License/ Telephone Bill / Electricity Bill etc.
  4. Bank Statement: Last 6 months.

Apply for a Car Loan

Car Loan Kapurthala Eligibility Criteria

The car loan eligibility requirements are as followed in Kapurthala:


  • The minimum age of the applicant should be not less than 21 years while applying.
  • The maximum age should be 65 for loan maturity, not more than that .
  • Minimum employment: At least minimum of 2 years of employment experience and 1 year in current employment.
  • Minimum Annual Income: It should be Rs 1,00,000 net annual income.
  • Also, the contact number is required.

Self Employed:

  • Firstly, the minimum age of the applicant should be 30 years or above.
  • The maximum age should be 60 at loan maturity.
  • In this, minimum employment should be at least 2 years in business
  • Furthermore, the minimum annual income should be Rs.100000 p.a. for mid-sized and premium cars and Rs. 60000 p.a for standard cars.

Car Loan for Major Car Manufacturers in Kapurthala


Processing Fees & Prepayment Charges on Car Loan Kapurthala

check here for the processing Fees and Prepayment charges on a car loan.

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Kapurthala

CIBIL score plays a key role while getting the loan. if your Cibil score is between 750-900. then you will get the quick loan approvals. if the Cibil score is less than 700 then your application will be pending. so, check your Cibil score before you apply for the loan. if you pay your EMIs in time then your Cibil score will be increased. if you do not repay Your EMI your Cibil score will be reduced. the applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Kapurthala Contact Number

For instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Kapurthala

check here of Pre calculated EMI table for a car loan.

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 Kapurthala

The city of Kapurthala in Punjab. It is the administrative headquarters of the Kapurthala District. Kapurthala was the capital of the Kapurthala State, a princely state in British India. It is known as the city of Palaces & Gardens. Kapurthala had a population of 101,854. It is home to several media to large-scale industries

Car Loan EMI Calculator

Repaying the loans in EMIs will not affect our monthly budget. as well as paying in time will increases our Cibil score. You can check your EMI with free of cost.

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