Car Loan Katni

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Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
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Best Banks for Car Loan in Katni

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 Katni Features

car loan katni

A car loan is a financial help provided by banks and Non-Banking Financial Institutions to fulfill your wish of having your car for yourself or your family. Either it is for getting a loan for ex-showroom price or on-road price, we at Dialabank will provide you the loan if you fulfill some simple terms and conditions required such as correct details, good credit score, and proper documents and good and stable income source.

Car Loan Katni 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
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 Katni Documents Required

Essential documents required for a Car Loan in Katni are as follows:

For Salaried Employee

  1. Identity Proof required by the bank: Passport copy, Voters ID card, PAN Card, Driving License of the person applying for a loan
  2. Income Proof: Latest 3-month salary slip with form 16 of the person applying for a loan
  3. Address Proof required by the bank: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant of the person applying for a loan
  4. Bank Statement required by the bank: Last 6 months bank statement of the applicant of the person applying for a loan

For Self Employed

  1. Identity Proof required by the bank: Passport copy, Voters ID card, PAN Card, Driving License of the person applying for a loan
  2. Income Proof: Latest Income Tax Report of the person applying for a loan
  3. Address Proof required by the bank: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant of the person applying for a loan
  4. Bank Statement required by the bank: Last 6 months bank statement of the applicant of the person applying for a loan

Car Loan Katni Eligibility Criteria

For Salaried Employee

  1. Minimum age before availing of a loan: 21 years old
  2. Maximum age at loan maturity before availing of a loan: 65 years old
  3. Minimum employment before availing of a loan: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income before availing of a loan: For Salaried Rs 100000 net annual income

For Self Employed

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

Car Loan for Major Car Manufacturers in Katni

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Katni

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 Katni

A credit score of 750 and above is required to get a cheaper and faster car loan in the easiest way possible from Dialabank.

Maintaining a good CIBIL score helps to get loan without any hassle.

Car Loan Katni Contact Number

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You can get a car loan Katni easily from Dialabank by contacting the number 9878981166. Our team of competent and proactive trained employees are always at your service just at a tap.

Pre Calculated EMI Table for Car Loan Katni

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 Katni

Katni is a town on the banks of the Katni River in Madhya Pradesh, India. It is the administrative headquarters of Katni District. It is in the Mahakoshal region of central India. The city is 90 km from the divisional headquarters of the region, Jabalpur.

Car Loan EMI Calculator

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Car loan EMI can be calculated by Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined.

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