Car Loan Modinagar

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Rates as low as 8.50%*
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Best Banks for Car Loan in Modinagar

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 Modinagar Features

car loan modinagarAre you bored to get loans from the banks and Non-Banking financial institutions(NBFCs)  “No frequent visits to the Bank? Save your precious time. The Best Car Loan will knock at your door. Avail the Doorstep and Personalized Services of Dialabank.com and enjoy the ride of your dream car”.

Click here for SBI car loan

Car Loan Modinagar Interest Rate

Interest rates change randomly at irregular times. the one who is looking to take the loan must be aware of the loans and interest rates. this will save amount while repaying the loan.

  • The applicant requires less than Rs. 3 lacs then the interest rate will be 10.25% per annum.
  • Secondly, the amount of loan is between Rs.3 lacs to Rs.6 lacs, then the interest rate will be 9.50% per annum.
  • Moreover, for the loan amount between Rs.6 lacs and Rs.10 lacs, a 9.25% interest rate will be charged.
  • If the loan amount is between Rs.10-20 lacs, then the interest rate charged will be 9.00% per annum.
  • Lastly, the loan amount above Rs. 20 lacs then the interest rate will be 8.70% per annum.
  • The interest rate for used cars starts at 14.00% per annum.

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 Modinagar Documents Required

  1. 2 passport size photocopies are necessary.
  2. Proofs like PAN Card, Voters ID card, Driving License are required.
  3. For Salaried– Latest 3-month salary slip with form 16.
  4. For Self Employed- Latest Income tax returns required.
  5. Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  6.  The last 6 months’ bank statement is needed.

Car Loan Modinagar Eligibility Criteria

  • The loan applicant should have an Indian Citizenship.
  • The minimum and maximum age of the applicant is 21 to 65 years.
  • The loan applicant should show his/her income proofs.
  • The loan applicant should have more than 750 Cibil scores.
  • The salaried applicant should be in the same company for at least 2 years.
  • if the applicant is salaried, then the applicant has to submit his/her pay slips of previous months.
  • if the applicant is self-employed then the applicant has to submit his/her Income tax returns.
  • The self-employed applicant should be in the business for at least 3 years.

How to Apply for Car Loan in Modinagar?

  • Visit Dialabank website.
  • Go to the loan section and select an auto loan followed by a car loan link.
  • Provide all your information, including your phone number.
  • You will receive a phone call from our experts, and they will guide you further.

Click here for Kotak car loan

Processing Fees & Prepayment Charges on Car Loan Modinagar

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 Modinagar

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.

Click here for ICICI car loan

Car Loan Modinagar Contact Number

For instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Modinagar

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 Modinagar

Modinagar is a city and a municipal board in Ghaziabad district located in the Indian state of Uttar Pradesh

Car Loan EMI Calculator

Repaying the loans in EMIs will not affect our monthly budget. as well as paying in time will increases our Cibil score.

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