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Car Loan Lucknow

Best Banks for Car Loan in Lucknow

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 Lucknow Features

Car loan LucknowThinking of purchasing your dream luxurious car? But don’t have the required finance? Don’t worry! A car loan is the best thing for you. A car loan is a means of funding or financial help provided by banks and NBFCs to applicants at an affordable and best rate of interest to aid them in buying a car. Since cars have now become a necessity for everyone, but the cost of cars is growing rapidly with the change in time. This is where a car loan comes into an important role and fulfills your desire to be the owner of a luxurious car. The main features of a car loan Lucknow are:

  • Car loans are available at affordable  low-interest rates
  • Almost all major banks and NBFCs offer car loans in Lucknow
  • The documentation process is minimum and hassle-free
  • Car loans are easily available through DialaBank online

Car Loan Lucknow Interest Rate

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 Lucknow Documents Required

The essential documents required for a car loan approved in Lucknow are as follows:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License, or any valid ID
  2. Income ProofFor Salaried– Latest 3-month salary receipts attached with form 16
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card or any other address roof
  4. Bank Statement: The last 6 months of statements of the bank transactions.

Car Loan Lucknow Eligibility Criteria

The car loan eligibility requirements are as followed Lucknow:

SALARIED INDIVIDUALS

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
  4. Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

  1. Minimum age: 30 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 2 years in business
  4. Minimum Annual Income: Net profit Rs. 60,000 per annum for standard cars and Rs.1,00,000 per annum for mid-sized and premium cars

How to Apply for Car Loan in Lucknow?

Availing a car loan Lucknow is an easy process with DialaBank. Follow the following steps to avail the best offers:

  1. Visit our website
  2. Click on the car loan option available in the menu
  3. Fill in the details regarding the car type and your income
  4. Wait as our customer relationship manager will soon get in touch with you.
  5. You may also contact our customer relationship managers on this number 9878981166.
  6. For availing a car loan offline you will be required to visit the nearest branch personally.

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Car Loan for Major Car Manufacturers in Lucknow

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Lucknow

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 Lucknow

The CIBIL score is what defines your ability to pay off your credits. A higher Credit score defines your good credit history and makes your application process smooth and easy to be processed. Usually, banks and NBFCs require a credit score of 750 and above to approve your loan application process in Lucknow. This score may vary from bank to bank. In case a CIBIL score is less than the required value you will be required to pay a high rate interest rate on the loan amount.

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Car Loan Lucknow Contact Number

In case of any queries regarding the car loan Lucknow, you may contact on the number 9878981166 for any help or assistance.

Pre Calculated EMI Table for Car Loan Lucknow

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 Lucknow

Lucknow, an enormous city in northern India, is the capital of the territory of Uttar Pradesh. Toward its inside is Rumi Darwaza, a Mughal door. Close by, the eighteenth century Bara Imambara sanctuary has a gigantic angled lobby. Higher up, Bhool Bhulaiya is a labyrinth of restricted passages with city sees from its upper galleries. Near to, the excellent Victorian Husainabad Clock Tower was worked as a triumph segment in 1881.

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Car Loan EMI Calculator

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