Car Loan Mungeli

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Car Loan Mungeli

Best Banks for Car Loan in Mungeli

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 Mungeli FeaturesCar Loan Mungel

A car loan is a financial help offered by different banks and NBFCs to buy a car. The banks provide the necessary funding for purchasing a vehicle. They offered the lowest interest rates and minimum document process.

You can apply for a Car Loan from your house and additionally, you will be able to compare interest rates of various banks and NBFCs. Varied advantages you will be able to save time and quickly apply for automobile loans from anyplace and at any time. Once applying you will get assistance and in touch with our specialists for clearing all of your doubts with them. Following are our specializations:

  1. Dialabank offers you a car with the lowest interest rates and with minimum documentation schemes.

  2. Dialabank is an Indian first Financial Helpline where the company provides eligibility and price comparison for financial products.

  3. Dialabank Car Loan is a convenient scheme that allows a person to bring home a vehicle.

  4. Dialabank offers car loans up to 100% ex-showroom price of the car, and up to seven years tenure.

  5. Apply now on our official website databank for instant approval and faster processing of your car loan.

Car Loan Mungeli Interest Rates

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 0.01 Nil
Andhra Bank Car Loan Nil Nil


To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Mungeli Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  • Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License is required
  • Income Proof: Latest 3-month salary slips along with form no. 16 is required
  • Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card is required
  • Bank Statement: Last six months is required.

For Self Employed Individuals:

  • Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License is required
  • Income Proof: Latest ITR is required
  • Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card is required
  • Bank Statement: Last six months is required.

Car Loan Mungeli Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: 1 year in current employment and a minimum of 2 years of employment is required
  • Minimum Annual Income: Rs.100000 net annual income is required

For Self-Employed Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: At least 3 years in business is required
  • Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars is required

Car Loan for Major Car Manufacturers in Mungeli

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Mungeli

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 Mungeli

CIBIL score plays a vital role in obtaining the loan. When your CIBIL score is somewhere between 750-900, then you will be able to get the loan approval in the shortest possible time. But in case your CIBIL score is a smaller amount than 700 then your application is more likely to be unfinished. Thus, remember to check your CIBIL score before you apply for the loan. By the CIBIL score, we are able to assess the person’s financial health and that we can understand the monetary repayment capability of that person. By trying the CIBIL score, the loan giving authority can approve your car loan faster. Obtaining a car loan is currently changing into an easier process with Dialabank.

Car Loan Mungeli Agent Contact Number

For instant help and any more queries anywhere in Mungeli, you can call 9878981166 or visit the website of DialaBank.

Pre Calculated EMI Table for Car Loan Mungeli

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

Car Loan EMI Calculator Mungeli

About Mungeli 

Mungeli is a town municipality in Mungeli district in the Indian state of Chhattisgarh. The place is a newly formed district from the separation of Bilaspur district.

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