Car Loan Moradabad

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Moradabad

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 Moradabad Features

car loan moradabad

Thinking of purchasing a new car? But don’t have the required funds for it? You’ve come to the right place! Dialabank is here to assist you in getting a car loan, which is a means of funding provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a car, whether new or used. Since cars have become a necessity for everyone, a car loan comes helps you fulfill your desire to be the owner of your dream car. The main features of a car loan in Moradabad are:

  • Car loans are available at low-interest rates
  • Almost all major banks and NBFCs offer car loans in Moradabad in your vicinity
  • The documentation process is quick, systematic and hassle-free
  • Car loans are easily available through DialaBank
  • flexibility in choosing your own tenure for the loan

Car Loan Moradabad 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 Moradabad Documents Required

The essential documents needed to get a car loan approved in Moradabad are as follows:

For Salaried Individuals:

  1. Proof of Identity: Passport copy, Electoral Photo ID card, Driving License, or PAN Card can be used as Identity proof.
  2. Proof of income: Last 3 months salary slip or six months salary slip along with ITR.
  3. Residence Proof: Life Insurance Policy, Driving License, PAN Card, Electoral Photo ID Card, and, Electricity Bill are valid address proofs.
  4. Bank Statement for the former six months.
  5.  

For Self-employed individuals:

  1. Proof of Identity: Passport copy, Electoral Photo ID card, Driving License, or PAN Card can be used as Identity proof.
  2. Proof of Income: Income Tax Return.
  3. Residence Proof: Life Insurance Policy, Driving License, PAN Card, Electoral Photo ID Card, and, Electricity Bill are valid address proofs.
  4. Bank Statement for the former six months.
      1.  

Car Loan Moradabad Eligibility Criteria

The car loan eligibility requirements are as followed in Moradabad:

For Salaried Individuals:

  1. The minimum age required is 21 years.
  2. The maximum age at the loan maturity time should be 65 years.
  3. The salaried applicant should be employed for 1 year in current employment and a minimum of 2 years of total employment.
  4. The minimum annual income for the salaried applicant should be Rs 1,00,0000 net annual income.

For Self-employed Individuals

  1. The minimum age required is 21 years.
  2. The maximum age at the loan maturity time should be 65 years.
  3. The Self-employed applicant must be active in Business for at least three years.
  4. The Self-employed applicant should have a net profit of Rs 60,000 per annum for standard cars and Rs 1,00,000 per annum for mid-sized elite cars.

How to Apply for Car Loan in Moradabad?

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Availing a car loan Moradabad is an easy process with DialaBank. All you have to do is follow some steps to avail the best offers with great efficiency:

  • Visit our website
  • Click on the car loan option available in the menu
  • Fill in the details regarding the car type and your income
  • Wait as our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
  • For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you.

Car Loan for major car manufacturers in Moradabad

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in Moradabad

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

Get a car loan from AXIS bank

Get a car loan from SBI

CIBIL Score Required for Car Loan in Moradabad

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A CIBIL score of 750 is considered ideal for a car loan. If it is lower than 750, you might have to pay a high rate of interest. For a smooth loan process, you need to keep your CIBIL score high. Most banks and NBFCs regard 750 and above as a good score to support your loan application process in Moradabad. This score is a relevant factor for approving your car loan.

Car Loan Moradabad Contact Number

In case you have any queries regarding the car loan in Moradabad, you may contact us on the number 9878981166 for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Moradabad

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 Moradabad

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Often called as “Pital Nagri”(Brass City), Moradabad is located in Uttar Pradesh. It is famous for its brass handicrafts industry. Some of the important landmarks of the city are its Jama Masjid, Shri Parshvanath Digambar Jain Mandir, and Rambagh Dham. According to the 2011 census, the population of the city is 9 lakhs.

Car Loan EMI Calculator Moradabad

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