Car Loan Madhupur

Best Banks for Car Loan in Madhupur

Car Loan Madhupur Features

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Being a resident of a leading city like Madhupur, having your own car must be on your wishlist. But if you don’t have the funds for it, you have come to the right place! Dialabank is here to act as a mediator between you and the banks to get you the best deals. With us, you can get access to many features of car loans in Madhupur such as:

• Car loans are available at low-interest rates, which may vary from bank to bank so make sure you compare and choose wisely!
• Almost all major banks and NBFCs offer car loans in Madhupur. Dialabank helps save you from the hassle of visiting all these branches personally and brings all the information to you online for your convenience.
• The documentation process is quick, and some times the loans get approved on the same day.
• Car loans are offered for tenures ranging from a year to 7 years, and even more in the case of new cars.

Car Loan Madhupur Interest Rates

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Madhupur 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 Madhupur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

1. Minimum age: 21 years
2. Maximum age at loan maturity: 60 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: 30 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 Madhupur

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Madhupur

CIBIL Score Required for Car Loan in Madhupur

The CIBIL score is referred to as what defines your ability to pay off your credits and is based on your repayment history, i.e. whether you were regular in earlier repayments or not.

A credit score of 750 and above is a good score for the approval of your loan application process in Madhupur. This score may again vary from bank to bank. CIBIL score is important because if it is lower than the required value, you will be required to pay a high rate interest rate on the loan amount, while a higher score makes your approval easier.

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

Car Loan Madhupur Agent Contact Number

In case you are still confused regarding a car loan in Madhupur, you may contact us on the number 9878981166 for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Madhupur

Car Loan EMI Calculator Madhupur

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About Madhupur

Madhupur is located in the state of Jharkhand and is famous for its sweets. Its population is around 2 lakhs.

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