Car Loan Katra

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Car Loan Katra

Best Banks for Car Loan in Katra

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 Katra FeaturesCar Loan Katra

Similar to a loan accustomed to purchasing a car, car loan could be a line of credit extended by a loaner with the aim of buying a vehicle. During this article, we will try to dive you into a planet of car loans and glance at how they work, finance choices, as well as let you know how credit impacts your loan potentialities.

You can apply for a Car Loan from your house and additionally, you will be able to compare interest rates of various banks and NBFCs. Varied advantages you will be able to save time and quickly apply for automobile loans from anyplace and at any time. Once applying you will get assistance and in touch with our specialists for clearing all of your doubts with them.

Car Loan Katra Interest Rates

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

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Car Loan Katra Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  • Identification Proof: Voters ID card, Passport copy, Driving License, PAN Card
  • Income Proof: Latest three month’s salary slip and form no. 16
  • Bank Statement: Last six months.
  • Residence Proof: PAN Card/ Passport Copy / Life Insurance Policy/ Driving license / Ration card / Voters card / Telephone Bill / Electricity Bill

For Self Employed Individuals:

  • Identification Proof: Voters ID card/ Driving License/ Passport copy/ PAN Card
  • Address Proof (any one of these): PAN Card/ Telephone Bill / Electricity Bill / Ration card/ Driving license / Voters card / Passport Copy / Life Insurance Policy
  • Income Proof: Latest ITR
  • Bank Statement: Last six months.

Car Loan Katra Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: A minimum of two years of employment and one year in current employment
  • Minimum Annual Income: Rs.100000 as net annual income

For Self-Employed Applicants

  • Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars; Rs.100000 per annum for mid-sized and premium cars
  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: A minimum of three years in business operations

Car Loan for Major Car Manufacturers in Katra

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Katra

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 Katra

CIBIL score plays a vital role in obtaining the loan. When your CIBIL score is somewhere between 750-900, then you will be able to get the loan approval in the shortest possible time. But in case your CIBIL score is a smaller amount than 700 then your application is more likely to be unfinished. Thus, remember to check your CIBIL score before you apply for the loan. By the Cibil score, we are able to assess the person’s financial health and that we can understand the monetary repayment capability of that person. By trying the CIBIL score, the loan giving authority can approve your car loan faster. Obtaining a car loan is currently changing into an easier process with the Dialabank.

Car Loan Katra Agent Contact Number

For instant help and any more queries anywhere in Katra, you can call 9878981166 or visit the website of DialaBank.

Pre Calculated EMI Table for Car Loan Katra

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

Car Loan EMI Calculator Katra

About Katra

Katra is popularly referred to as Katra Vaishno as per Hindu deity. Katra is a village located within the Reasi district, the union territory of Jammu and Kashmir, India. This place is located within the foothills of the Trikuta Mountains and encompasses a total population of 9,008, of which 5,106 are males and 3,902 are females. Main attractions embody the marketplace for shopping for souvenirs, hosiery, animal skin jackets, dry fruits, woollen clothes, etc. Before reaching Vaishno Hindu deity, the pilgrims need to register at Katra before beginning the journey.

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