Car Loan Margao

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Rates as low as 8.50%*
Up to 100% Funding
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Best banks for Car Loan in Margao

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 Margao Features

Car Loan Margao

Are you in financial distress?

Do you need a car loan to pursue your dreams?

If you need a car loan, then Dialabank is here for you. With affordable interest rates, there are several banks you can apply using the Dialabank.

What are some of the Car Loan Margao features?

Car Loan Margao provides financial assistance at the best affordable interest rates to secure the car of your choice. You can easily return these car loans via equated monthly installments (EMIs).

Also, the interest rates will always vary from bank to bank.

Car Loan Margao Interest Rates

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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
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

Car Loan Margao Documents Required

For Salaried Individuals:

  1. Identity Proof: PAN Card, Driving License, the Voter ID card can be shown as proof of Identity.
  2. Income Proof: The 3-month salary receipt or 6-month salary slip with Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card is accepted residence proofs.
  4. A Bank Statement of the last 6 months is essential.

For Self-Employed Individuals

  1. Identity Proof: PAN Card, Driving License, the Voter ID card can be shown as proof of Identity.
  2. Income Proof: Income Tax Return.
  3. Residence Proof: Driving License, Electoral Photo ID Card, PAN Card is accepted residence proofs.
  4. A Bank Statement of the last 6 months is essential.

Car Loan Margao Eligibility Criteria

For Salaried candidates:

  1. The minimum age should be 21 years.
  2. On loan maturity, the highest age needs to be 65 years.
  3. The applicant should have 1 year of experience in a regular job, and a minimum of two years of experience.
  4. 1 lac Indian rupees is the least income required for eligibility.

For Self-Employed Candidates:

  1. The minimum age should be 21 years.
  2. On loan maturity, the highest age needs to be 65 years.
  3. Applicant’s business should be operational for at least 3 years.
  4. The net profit of the applicant needed is Rs 60000 per annum for generally standard cars and Rs 100000 per annum for mid-sized premium cars

How to Apply for Car Loan in Margao?

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Applying for a car loan by Dialabank is a more suitable process. Follow the given subsequent steps to apply for a car loan:

  1. Go to Dialabank online on your PC or phone.
  2. Click on the auto loan part and select the car loan choice on the menu.
  3. Fill out the form with the required particular specifications for your loan requirements.
  4. Wait for us to connect with you via call.
  5. You can also connect with the nearest Dialabank branch or call on 9878981166.

Car Loan for major car manufacturers in Margao

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in Margao

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 Margao

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A CIBIL score lower than 750 means a higher interest rate for the applicant. Therefore, one needs to have a satisfactory CIBIL score of more than 750. The banks and NBFCs hold different criteria for minimum CIBIL score and they explain your previous loan history and payments. Additionally, please try to have a decent CIBIL score above 750 to get your loans approved.

Car Loan Margao Contact Number

To avail the best car loans in Margao, Contact on 9878981166

Pre Calculated EMI Table for Car Loan Margao

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 Margao

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In the western Indian state of Goa, Margao is a city renowned for its Portuguese colonial past. It is evident in buildings like the 1675 baroque Holy Spirit Church, with its ornate interior and pipe organ. Margao Municipal Garden covers the colonial Municipal Building and library. Southwest, in Benaulim, the Goa Chitra Museum shows ancient tools.

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 Margao

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