Car Loan Muradnagar

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Car Loan Muradnagar

Best Banks for Car Loan in Muradnagar

Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Muradnagar Features

car loan muradnagar

Having one’s own car is a necessity today, but it’s not always possible to have the required funds. This is where Dialabank helps you to avail car loans for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. 

If you are a resident of Muradnagar, you get access to a range of appealing featured of a car loan while having the liberty to choose your own tenure:

  1. Car loans are available at low-interest rates, which may vary from bank to bank
  2. Almost all major banks and NBFCs offer car loans in Muradnagar in your vicinity
  3. The documentation process is quick and hassle-free
  4. Car loans are easily available through DialaBank, we make sure you fulfil your dream with great convenience.

One can get your car loan from a bank or NFBC, while both have their own benefits and considerations, you are always better off being informed about your financing options.

Car Loan Muradnagar 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 Muradnagar Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Muradnagar 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
  • Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

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

Car Loan for Major Car Manufacturers in Muragnagar

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Muradnagar

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Muradnagar

The CIBIL score is referred to as your ability to pay off your credits. A higher credit score means good credit history and makes your car loan application process smooth and easy. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Muradnagar. This score may again vary from bank to bank. In case of a lower CIBIL score than the required value, you will be required to pay a high rate interest rate on the loan amount. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Muradnagar Agent Contact Number

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

Pre Calculated EMI Table for Car Loan Muradnagar

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 Muradnagar

About Muradnagar

Muradnagar is a town in the Ghaziabad district in the Indian state of Uttar Pradesh. Many large companies are situated in this city, which includes a High-Tech Cattle Feed & Poultry Feed machinery manufacturing company. Halol has various Gujarati, English and Hindi medium schools. Males of the city constitute around 53% of the population and females 47% of the total population in the city. The place has an average literacy rate of 72%, higher than the national average of 59.5%, with male literacy as 76%, and female literacy as 66%. 

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