Car Loan Madhubani

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Car Loan Madhubani

Best Banks for Car Loan in Madhubani

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 Madhubani Features

car loan madhubani

Purchasing a car is the dream of every Indian and today it becomes the status symbol of everyone. Nowadays, several banks and lending institutions provide a car loan at the lowest interest rate and affordable EMIs.

A car loan can be helpful for those consumers who want to buy a new car but they do not get the car because of a lack of money. It helps the borrower to build their credit history if the borrowers make their monthly payments on time.

Thus, Car Loan is the best way to attain cash in a short duration. It is a better way to arrange funds to purchase the dream car with ease.

Apply for a car loan  online with Dialabank

We provide car loans starting at an attractive car loan interest rates to both self-employed as well as salaried individuals. We offer car loans on new and used cars.

Some key features of Car Loan Madhubani are the following:

  • Easy monthly repayment options are available for you.
  • Instant car loan available
  • Loan Tenure varies from 1-7 years
  • There is a provision of an affordable interest Rates offers to fulfill your desires.
  • There are no hidden or additional charges for car loan applications and further assistance.

Car Loan Madhubani 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 Madhubani Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR
  3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

Car Loan Madhubani Eligibility Criteria

The car loan eligibility criteria requirements are as followed:

For Salaried Applicants

  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. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Madhubani

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Madhubani

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 Madhubani

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score can lead to rejection of your loan as it is the first thing a bank tracks before processing your car loan. Your record of previous loans is taken into consideration for a Car Loan Madhubani. If there are any delay payments for previous loans, it will create a barrier for availing of a fresh loan.

So you must have an eligible CIBIL score to get loan approval for your dream car.

Car Loan Madhubani Agent Contact Number

Apply online with Dialabank and avail the best offers on a car loan with instant approval and extra benefits or you can make a missed call on this number 9878981166.

Our customer care executive provides you the guidance and assistance to solve your queries.

Pre Calculated EMI Table for Car Loan Madhubani

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 Madhubani

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About Madhubani

Madhubani is a town in Madhubani locale. Madhubani is arranged in the Indian province of Bihar. It goes under Darbhanga Division. It lies 26 km northeast of Darbhanga town.

It occupies a total of 3501 square kilometers. As per the 2011 census, it had a population of 166,285.

“Madhuban” signifies “woods of nectar” from which Madhubani is determined, yet at times it is otherwise called “Madhu”+”vaani” signifying “sweet” “voice/language”.

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