Car Loan Karnal

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Car Loan Karnal

Best Banks for Car Loan in Karnal

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
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 Karnal Features

A car loan is a financial support provided by banks and NBFC’s to fulfil your dream of having your car. They provide necessary and required funding for purchasing a car that can be on Ex-Showroom Price or On-Road Price of the car for both a new and a used car. A car loan is a secured loan with easy EMI options available. A car loan can fulfil your dream of owning a car without having to take the burden of paying the lump-sum amount altogether. Some of the basic features of a car loan in Karnal are:

  • Affordable interest rates
  • No sort of charges charged by DialaBank
  • Minimum documentation
  • Instant loan disbursal

Car Loan Karnal

Car Loan Karnal Interest Rate

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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 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 Karnal Documents Required

The following are the required documents for applicants from Karnal:

For Salaried Employees

  1. Identity Proof: Passport, PAN Card, Voters ID card, Driving License of the applicant.
  2. Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant, whichever is available with you
  3. Income Proof: Latest 3-month salary slip with form 16 of the applicant.
  4. Bank Statement: previous 6 months bank transaction statement of the applicant.

For Self Employed

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant, whichever is available with you.
  2. Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant, whichever is available with you
  3. Bank Statement: previous 6 months bank transaction statement of the applicant
  4. Income Proof Latest Income Tax Report of the applicant from Karnal.

Car Loan Karnal Eligibility Criteria

The eligibility criteria to be fulfilled by the applicants of Karnal are:

For Salaried Employee

  1. Minimum age: 21 years old for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 65 years old
  3. Minimum employment: 1 year in current employment and a total of 2 years of employment experience in the past
  4. Minimum Annual Income: Rs 100000 net annual income is considered in Karnal

For Self Employed

  1. Minimum age: 21 years old for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 65 years old
  3. Minimum employment:  at least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars for the applicant of Karnal.

Car Loans for Major Car Manufacturers in Karnal

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Karnal

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 Karnal

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Karnal to minimize the risk of default. Most of these institutions require a CIBIL score of at least 750 or above to process your loan application. Also, having a good CIBIL score means you can avail loans at a cheaper interest rate.

The institutions don’t just look at your overall score but also the detailed behaviour on all the loans taken previously. This includes details on the type of loan taken, the amount borrowed, and also your efficiency of payments. Any delayed payments for previous loans can be a barrier to your availing of a fresh car loan.

Car Loan Karnal Contact Number

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You can get a car loan Karnal easily from dialabank by contacting the number 9878981166. Or visit our website at Dialabank

Pre Calculated EMI Table for Car Loan Karnal

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 Karnal

Karnal is a city in Haryana, India, and is also the administrative headquarters of the Karnal District. Ancient the East India Company army used it as a refuge during the Indian Rebellion of 1857 in Delhi. The old Battle of Karnal between Nader Shah of Persia and the Mughal Empire took place in this city on 1739

Car Loan EMI Calculator

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