Car Loan Mau

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Rates as low as 7.35%*
Up to 100% Funding
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Best Banks for Car Loan in Mau

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 Mau Features

car Loan MauLooking to buy your first car? Then why wait, just visits Dialabank. Buying a car is not always for everyone. Especially for middle-class people, it can be a Hercules task. It is important to keep certain precautions in mind as making heavy decisions to buy a car these days has become a symbol of status.

You can fulfill your dream of acquiring your dream car once you meet the requirements like an acceptable CIBIL score, required documentation, etc.

Car Loan Mau Interest Rate

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Car loan interest rates vary from bank to bank. Check the table below to know the pertaining rates. These rates keep changing from time to time.

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 Mau Documents Required

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

For Salaried Employee

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

For Self-Employed

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

Car Loan Mau Eligibility Criteria

The car loan eligibility in Mau is as follows:

For Salaried Employee

  1. The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
  2. The minimum age requirements are 21 years.
  3. The applicants must not be more than 60 and 65 years at the time of completion of tenure
  4. Minimum Annual Income: For such applicants, Rs 100000 net annual income is important to mention.
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Mau

For Self Employed

  1.  At least 3 years in operating business is mandatory
  2. The minimum age requirements are 30 years is obiligatory
  3. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
  4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars.
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Mau

Car Loan for Major Car Manufacturers in Mau

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Mau

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 Mau

CIBIL score plays a key role while availing a car loan. In case your Cibil score is between 750-900, you will get the loan approval quickly. But if the Cibil score is less than 700 then your application might go pending. So, check your Cibil score before you apply for a loan. Regular EMI payments will enhance your CIBIL score. Thus, the CIBIL score plays an important role in availing a car loan and must be considered before applying for any loan.

Car Loan Mau Contact Number

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In case of any query related to a car loan in Mau or any kind of assistance kindly visit on the number 9878981166 

Or visit our website Dialabank

Pre Calculated EMI Table for Car Loan Mau

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 Mau

Mau, also popularly known as Maunath Bhanjan, is an industrial town and the headquarter of the Mau district. It is situated in the eastern part of Uttar Pradesh, India. The town is known for its extensive saree industry and its products which is a traditional business and centuries-old art of the people residing Mau.

Car Loan EMI Calculator

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Repaying the loans in EMIs will make your monthly budget, as well effective as paying in time will also increase your Credit score.

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