Car Loan Malegaon

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Car Loan Malegaon

Best Banks for Car Loan in Malegaon

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35% - 7.95 %
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 Malegaon Features

Car Loan Malegaon

Buying cars is the majority of people’s dreams. But due to financial problems, due to weak financials, many were stopping to buy. here is the best way to get the loan. just apply for the car loan through Dialabank.

If your CIBIL is good then you will get a good rate of interest and also you will get high tenure for loan repayment.

All the banks and NBFCs are ready to provide car loans. you can get the loan amount for the Ex-showroom price and also, if required you will get a loan for on-road price also.

Car Loan Malegaon 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 Malegaon Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest Income Tax Return
  3. Address Proof: 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 Malegaon Eligibility Criteria

The car loan eligibility requirements are as followed in Malegaon:

For Salaried Individuals:

  1. Minimum age: 21 years
  2. Minimum employment:  1 year in the current place of work and 2 years of total employment.
  3. Minimum Annual Income: Rs 100000 net annual income.
  4. Maximum age at loan maturity: 65 years

For Self Employed Individuals:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: For Salaried – A minimum of 3 years in business.
  4. Minimum Annual Income: For Salaried – Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Malegaon?

Availing a car loan Malegaon is an easy process with Dialabank. Just follow some steps to avail the best offers:

  • Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
  • For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!

Car Loan for Major Car Manufacturers in Malegaon

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Malegaon

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 Malegaon

Every financial institution has its criteria for the CIBIL score required for processing the Car Loan application in Nadiad so that they can minimize the risk of lending to the customer. Most institutions require a minimum CIBIL score 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.

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Car Loan Malegaon Contact Number

Dial us up at +919878981166 to get more information about car loans at Malegaon and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Malegaon 

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 Malegaon

Malegaon is a city and a municipal corporation in the Nashik District of Maharashtra. It is a Muslim-majority city and is known as the Textile Hub of Maharashtra. Malegaon is the second largest city of Nashik district,

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

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Car Loan EMI Calculator

Car loan EMI can be calculated by 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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