Car Loan Mandsaur

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Car Loan Mandsaur

Best Banks for Car Loan in Mandsaur

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 Mandsaur Features

car loan mandsaurBuying a car is not just an ordinary event for everyone. Especially for middle-class people, it is a great event. So they take good precautions and make heavy decisions before buying the car these days it becomes a symbol of status. Now just get a car loan with a good CIBIL score and minimum documents. By submitting all those we can get the loan at a good rate of interest. You can repay the loan by EMIs so there will not be any effect for the monthly budget.

Car Loan Mandsaur Interest Rate

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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

Car Loan Mandsaur Documents Required

Essential documents required for a car loan in Mandsaur are:

For Salaried Employee

  • Identity Proofs: PAN Card, Driving License, Passport, or Voters ID
  • Monthly income proof: salary receipt for salaried persons and last three years of IT return for businessmen
  • Proof of Address: Electricity Bill, Ration Card, Life Insurance Policy, etc.
  • Bank Passbook transactions from the last 6 months
  • 2 Passport size photographs of the applicant from Mandsaur.

For Self Employed

  • Identity Proofs: PAN Card, Driving License, Passport, or Voters ID
  • Monthly income proof: salary receipt for salaried persons and last three years of IT return for businessmen
  • Proof of Address: Electricity Bill, Ration Card, Life Insurance Policy, etc.
  • Previous 3 years IT Returns for self-employed
  • 2 Passport size photographs of the applicant from Mandsaur.

Car Loan Mandsaur Eligibility Criteria

Eligibility criteria to be followed by the applicant of Mandsaur:

For Salaried Employee

  • Firstly, the borrower must be an Indian citizen.
  • Secondly, the minimum applicant age  21 yrs as well as older than 60 yrs at loan maturity to the avail car loan.
  • Thirdly, He/she must have a good annual income that properly demonstrates his/her capacity for loan repayment the amount he borrows.
  • Besides that,  the applicant must have secure employment working the current job status of one year as well as regular income in the account.
  • More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
  • Besides that, the borrower should have some source of income.
  • After that, the monthly income of the applicant should be Rs. 18k minimum.
  • After that, the borrower should be from two years in employment as well as from 1 year in the same company.
  • Finally, CIBIL scores of the borrower should be more than 750.

For Self Employed

  • Firstly, the borrower must be an Indian citizen.
  • Secondly, the minimum applicant age  21 yrs as well as older than 60 yrs at loan maturity to the avail car loan.
  • Thirdly, He/she must have a good annual income that properly demonstrates his/her capacity for loan repayment the amount he borrows.
  • More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
  • Besides that, the borrower should have some source of income.
  • Moreover, the borrower should be in the business for two years.
  • Finally, CIBIL scores of the borrower should be more than 750.

Car Loan for Major Car Manufacturers in Mandsaur

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Mandsaur

Check here for the processing Fees and Prepayment charges on a car loan.

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 Mandsaur

CIBIL score plays a key role while getting the loan. If your Cibil score is between 750-900. Then you will get the quick loan approvals. If the Cibil score is less than 700 then your application will be pending. So, check your Cibil score before you apply for the loan. If you pay your EMIs in time then your Cibil score will be increased.

Car Loan Mandsaur Contact Number

For instant help and any more queries in Mandsaur, you can call 9878981166. Or further assistance you can visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Mandsaur

Check here of Pre calculated EMI table for a car loan.

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 Mandsaur

Mandsaur is the city in the Malwa region which is located in the Indian states of Madhya Pradesh. this is also called as Mansour. this is the district headquarters. English and Hindi are the major languages used in Mandsaur.

Car Loan EMI Calculator

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Repaying the loans in EMIs will not only affect our monthly budget as well as paying in time will increase our CIBIL score.

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