Best Banks for Car Loan in Katni
Feature
|
HDFC Bank
|
Private 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 Katni Features
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
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Katni Documents Required
Essential documents required for a Car Loan in Katni are as follows:
For Salaried Employee
- Identity Proof required by the bank: Passport copy, Voters ID card, PAN Card, Driving License of the person applying for a loan
- Income Proof: Latest 3-month salary slip with form 16 of the person applying for a loan
- 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
- Bank Statement required by the bank: Last 6 months bank statement of the applicant of the person applying for a loan
For Self Employed
- Identity Proof required by the bank: Passport copy, Voters ID card, PAN Card, Driving License of the person applying for a loan
- Income Proof: Latest Income Tax Report of the person applying for a loan
- 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
- 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
The car loan eligibility requirements are as followed in Katni:
For Salaried Employee
- Minimum age before availing of a loan: 21 years old
- Maximum age at loan maturity before availing of a loan: 65 years old
- Minimum employment before availing of a loan: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income before availing of a loan: For Salaried Rs 100000 net annual income
For Self Employed
- Minimum age before availing of a loan: 21 years old
- Maximum age at loan maturity before availing of a loan: 65 years old
- Minimum employment before availing of a loan:– at least 3 years in the operating business
- 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
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Katni
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 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
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
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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