Car Loan Mahuva

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Car Loan Mahuva

Best Banks for Car Loan in Mahuva

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 Mahuva Features Car Loan Mahuva

Seeking for a desire of purchasing your dream car? But running short on funds? Don’t worry. Dialabank got your back; our financial services help customers to compare, analyze, and choose the best loan possible.

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A Car loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Mahuva 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 Mahuva Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16 of the applicant
  3. Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
  4. Bank Statement: Last 6 months original and photocopies of bank statement of the applicant.

For Self Employed

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
  2. Income Proof Latest Income Tax Report of the applicant
  3. Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
  4. Bank Statement: Last 6 months original and photocopies of bank statement of the applicant.

Car Loan Mahuva Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  1. Minimum age: 21 years old
  2. Maximum age at loan maturity: 65 years old
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income:  Rs 1 lakh net annual income

For Self Employed

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

Car Loan for Major Car Manufacturers in Mahuva

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Mahuva

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 Mahuva

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Mahuva so that they can minimize the risk of lending to you and also if your CIBIL score is high you get an interest rate at a much lower interest rate than others. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Mahuva Contact Number

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You can get a car loan Mahuva easily from dialabank by contacting the number 9878981166. or you can easily visit us at Dialabank

Pre Calculated EMI Table for Car Loan Mahuva

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 Mahuva

Mahuva is a town and subdistrict of Bhavnagar District, in the state of Gujarat, India. Located on the coast of the Arabian Sea, Mahuva is popular for its mild weather and green, lush surroundings, including many coconut tree plantations. The town is a part of the Saurashtra region and is known as the Kashmir of Saurashtra

According to the 2011 Census of India, the Mahuva subdistrict had a population of 452,011.

Car Loan EMI Calculator

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Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

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