Car Loan Mandideep

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Mandideep

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 Mandideep Features Car Loan Mandideep

If you are a resident of Mandideep and want to own your dream car but don’t have the funds for it, you have come to the right place! Rate of interest or ROI for a car loan depends from bank to bank and the profile. But we provide your car loan with reasonably low-interest rates.

Car Loan Mandideep makes you buy a better car than the one that you can buy with your own hard work. The loan depends on the credit score, income and professional background of the candidate whereas on the car, and the rates may vary from bank to bank. These Banks generally lend 75%-80% finance on car loan depending on the profile of the applicant and for grade A applicant it may go to 100% finance. It helps you to buy your car without spending too much time in saving for that car and is a secured loan where your purchased car is your security and in case of non-repayment of instalments. 

Imagine a situation where rented vehicles are heavy for the pocket, in case any family of four or five plans together in a function. On the other hand, owning your own car gives you the freedom to go anywhere without any restrictions in between. 

Car Loan Mandideep 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 Mandideep Documents Required

For Salaried Individuals:

  • Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License is requisite
  • Income Proof: Latest three month’s salary slip with form no. 16 is requisite
  • Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card is requisite
  • Bank Statement: Last six months is requisite

For Self Employed Individuals:

  • Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License is requisite
  • Income Proof: Latest ITR is requisite
  • Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card are requisite
  • Bank Statement: Last 6 months requisite

Car Loan Mandideep Eligibility Criteria

For Salaried Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum Annual Income: Rs.100000 net annual remuneration 
  • Minimum employment: One year in current employment and a minimum of two years of total employment requisite

For Self-Employed Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum Annual Income: Net profit of Rs. 60000 per annum for small-sized cars and Rs.100000 per annum for middle-sized cars is requisite
  • Minimum employment: Bare minimum of three years in business operation is requisite

Car Loan for Major Car Manufacturers in Mandideep

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Mandideep

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 Mandideep

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy, on the other hand, a lower score might charge you a higher interest rate. Mostly, banks and NBFCs have a score of 750 or above as a good score to approve your loan application process in Mandideep, which may again vary. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Mandideep Agent Contact Number

In case of any queries regarding the car loan in Mandideep, you may reach us at the number 9878981166 or visit our website Dialabank for any sort of personalised assistance!

Pre Calculated EMI Table for Car Loan Mandideep

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 Mandideep

About Mandideep

Mandideep is a town municipality in Goharganj, Raisen district in the Indian state of Madhya Pradesh. The place is situated 23 km from Bhopal and is basically an Industrial township which came into existence in the 1970s.

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