Car Loan Madhupur

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
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Best Banks for Car Loan in Madhupur

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 Madhupur Features

car loan madhupur

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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

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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

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

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Car Loan Madhupur Documents Required

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

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

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 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

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 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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