Car Loan Muzaffarnagar

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Best Banks for Car Loan in Muzaffarnagar

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 Muzaffarnagar Features

car loan MuzaffarnagarThinking of buying your luxurious dream car? But don’t have enough money for it?

Don’t worry! DialaBank provides you the best option for a car loan in Muzaffarnagar. A car loan is a means of funding your favorite car provided by banks and NBFCs to applicants at an affordable rate of interest throughout the country to cater to your needs.

Since the cost of cars is rising rapidly daily a car loan is very important and fulfills your desire to be the owner of a luxurious car. The main features of a car loan in Muzaffarnagar are:

  • Car loans in Muzaffarnagar are available at low-interest rates
  • Car loans are easily available through DialaBank
  • Almost all major banks and NBFCs offer car loans
  • The less documentation process is quick and hassle-free

Car Loan Muzaffarnagar Interest Rate

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 Muzaffarnagar Documents Required

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Address Proof: Telephone Bill / Electricity Bill / Life Insurance Policy / Ration card / Driving license / Voters card / Passport Copy / PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest Income Tax Return
  3. Address Proof: Driving license / Voters card / Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.
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Car Loan Muzaffarnagar Eligibility Criteria

The car loan eligibility requirements are as followed in Muzaffarnagar:

For Salaried Individuals:

  1. Minimum age: 21 years
  2. Minimum employment:  1 year in the current place of work and 2 years of total employment.
  3. Minimum Annual Income: Rs 100000 net annual income.
  4. Maximum age at loan maturity: 65 years

For Self Employed Individuals:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: A minimum of 3 years in business.
  4. Minimum Annual Income:  Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Muzaffarnagar?

Availing a car loan Muzaffarnagar is an easy process with Dialabank. Just follow some steps to avail the best offers:

  • Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number +919878981166 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. So we advise you to do it online!

Car Loan for Major Car Manufacturers in Muzaffarnagar

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Muzaffarnagar

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 Muzaffarnagar

The credit score popularly known as the Cibil score is what defines your ability to pay off your past due credits. A higher Credit score defines your good credit history which makes your application process quick and easy to be processed further.

Usually, most of the banks and NBFCs require a credit score of 750 and above to approve your car loan application process in Muzaffarnagar. This score may further vary from bank to bank as per requirements. In case a CIBIL score is less than the required value of the bank you will be required to pay a high rate interest rate on the loan amount.

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Car Loan Muzaffarnagar Contact Number

Dial us up at +919878981166 to get more information about car loans at Muzaffarnagar and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Muzaffarnagar 

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 Muzaffarnagar

Muzaffarnagar is a also city under Muzaffarnagar Urban Metropolitan Region and is controlled by municipal boards in the Indian state of Uttar Pradesh. It is also a part of the National Capital Region. It is the famous  headquarters of the Muzaffarnagar district

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Car Loan EMI Calculator

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