Car Loan Mansa

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Car Loan Mansa

Best Banks for Car Loan in Mansa

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 Mansa Features

car loan mansa

A car that once used to be a luxury has now become a necessity. A car Loan is an offer that provides finance to the people to acquire their own vehicle. It is a loan that allows a person to pay for the vehicle in installments rather than paying it at once.

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.

Visit Dialabank to avail of your car loan in Mansa.

Car Loan Mansa 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 Mansa Documents Required

The essential documents required to get a car loan approved in Mansa are as follows:

For Salaried Employee

  1. Identity Proof:  ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: It is  necessary to provide the latest 3-month salary slip with form 16
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted by the applicant.

For Self-Employed

  1. Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR proof of the firm by the applicant
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted by the applicant.

Car Loan Mansa Eligibility Criteria

The car loan eligibility for Mansa is as follows:

   SALARIED INDIVIDUALS

  • Minimum age: At least 21 years of the applicant
  • Maximum age: At a loan maturity of 65 years at the time of tenure completion of the loan
  • Minimum employment: 1 year in current employment and a minimum of 2 years of employment for an applicant from Mansa
  • Minimum Annual Income: Rs 100000 net annual income

   SELF-EMPLOYED INDIVIDUALS

  • Minimum age: At least 30 years of the applicant
  • Maximum age: At a loan maturity of 65 years
  • Minimum employment: At least 2 years in business
  • Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

Car Loans for Major Car Manufacturers in Mansa

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Mansa

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 Mansa

A CIBIL score is a numeric score that describes an applicant’s ability to repay his past loans efficiently and regularly. Maintaining a good CIBIL score is essential if you want to avail of a car loan at a lower interest rate. Also, having a good CIBIL score increases the processing speed of your application.

Most of the banks except a 750+ score to process your car loan in Mansa but these may be higher or lower depending upon the individual requirements of the banks. The minimum CIBIL score requirement for car loans in Chennai may vary from banks to banks.

Car Loan Mansa Contact Number

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Apply online on the Dialabank site and get the best offers on a car loan with instant approval and extra benefits or make a call on this number 9878981166

Pre Calculated EMI Table for Car Loan Mansa

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 Mansa

Mansa is a town with a city committee in Mansa district of Punjab, India. The populace is Punjabi-talking and is married to the Malwa culture of Punjab.

Mansa is engaged in the cotton belt of Punjab. During November and December, a guest to this piece of Punjab will be the decent admirer to the perfect, smooth, and white blossom of cotton. Mansa has a Temple of Baba Bhai Gurdas Ji in the southeast of the town. At Baba Bhai Gurdas Ji Temple, consistently a reasonable hung on March–April Season.

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

Car Loan EMI Calculator

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