Car Loan Morinda

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Morinda

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 Morinda Features

car loan morindaWithin a few minutes, you will receive a complete list of e-mails from lenders who will avail of your online car loan in Morinda. you will know the interest rates of different car loans. if your salaried then you will get a car loan at a good interest rate. if you were self-employed then you will get the car loan at attractive interest rates.

Click here for Bank of Baroda car loan

Car Loan Morinda Interest Rate

taking the car loan is not a task but, repaying the loan in time is one biggest task for us. so we have to calculate the interest rates of all the banks and then we have to apply for the loan.

  • If the price of the new car range between 3lakhs to 6 lakhs the rate of interest is 9.50%.
  • if the price ranges between Rs 6lakhs to 10 lakhs, then the rate of interest is 9.25%.
  • if the price range is between Rs 10 lakhs to 20 lakhs then the rate of interest is 9%
  • For used cars, the interest rate starts from 14% 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 Morinda Documents Required

  • Two colored photocopies are required.
  • Residence proofs like Aadhar or ration card are required.
  • If the applicant is salaried then the applicant should submit the salary statement.
  • If the applicant is self-employed then the applicant should submit IT returns as proof.

Car Loan Morinda Eligibility Criteria

  • The applicant should have more than 750 Cibil scores.
  • The applicant should be an Indian citizen.
  • If the applicant is salaried, then the applicant should be in the same company for 2 years.
  • If the applicant is self-employed then the applicant should submit IT returns and also applicant should be in the business for at least 3 years.
  • The applicant age should be between 21 years to 65 years.
  • The applicant should show the income levels for the repayment of the loans.

How to Apply for Car Loan is Morinda?

  • Just visit the Dialabank website.
  • Then different loan options will appear, click on the car loan option.
  • Later complete all the details form and start applying for the loan.
  • Also mention your contact information, in the end, you will get a call for our guiders.
  • If you have queries you can clear with them.

Click here for Axis car loan

Processing Fees & Prepayment Charges on Car Loan Morinda

Look below for Fees and Charges of the 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 Morinda

Cibil score is important for getting the loan. lenders will look at that before granting a loan for us. this Cibil score is the financial score of the individual. if your Cibil score is less than 700 then your application will be pending. repaying the loans in time increases our Cibil score.

Click here for yes bank car loan

Car Loan Morinda Contact Number

To get an help or clear your queries you can call 9878981166.

Pre Calculated EMI Table for Car Loan Morinda

observe table to know the pre-calculated EMI.

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 Morinda

Morinda is the village, located in the Chamkur of Rupnagar district in the Indian states of Punjab. Morinda is the gram panchayat of morinda village.

Car Loan EMI Calculator

you can check and calculate here for EMIs.

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