Car Loan Nangal

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Rates as low as 8.50%*
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Best Banks for Car Loan in Nangal

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 Nangal Features

car loan nangal

Cars today have become a necessity for everyone, but people become disheartened when paying for it in its entirety isn’t a feasible option for them. We are here to solve that problem.

A car loan is a means of funding or financial help 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, and Dialabank helps you avail these loans easily with features such as:

  • Almost all major banks and NBFCs offer car loans in Nangal
  • affordable EMIs and interest rates
  • Saves time, loans often get approved on the same day
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank. we make sure our customers get the best facilities!

Car Loan Nangal 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 Nangal Documents Required

The essential documents required to get a car loan approved in Nangal are as follows:

  1. Passport copy, PAN Card, Voters ID card or any other form of identity proof
  2. Latest 3-month salary slip with form 16 and ITR filing proofs required
  3. Any one address proof
  4. 6 months of bank statements.

Car Loan Nangal Eligibility Criteria

Your loan depends on your income structure and the type of car you wish to buy. Some car loan eligibility requirements are as followed in Nangal:

Salaried Individuals:

  1. The age should be a minimum of 21years.
  2. The maximum age should not be more than 60 years
  3. A minimum of 1 year in current employment and a previous minimum of 2 years of total employment is necessary
  4. A minimum of Rs 100000 income per annum

Self-employed Individuals:

  1. The age should be between 30-65 years.
  2. At least 3 years of working business.
  3. A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Nangal?

Availing a car loan Nangal is an easy process with DialaBank, and there are two ways to do it:

  • Online method – Visit our website and click on the car loan option available on the menu. Fill in the details which will determine your car loan procedure. After that, our relationship manager will get in touch with you on your provided number and guide you on availing the best offer in an efficient manner. If you are confused, you may also contact our relationship managers on the number 9878981166.
  • Offline method – For this, you will have to visit the banks and NBFCs personally and make multiple trips, which might turn to be a chaotic experience for you.

Processing Fees & Prepayment Charges on Car Loan Nangal

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 Nangal

Banks and NBFCs give you an opportunity to avail car loans up to 3 times your annual income (in case of salaried individuals) and up to 6 times (in case of self – employed individuals). However, this depends mainly on one thing – your CIBIL score.

The CIBIL score is referred to as your ability to pay off your credits and is based on your repayment history. If you don’t have a credit history, it doesn’t make you ineligible to apply. All you have to do is show some utilities rented in your name like your apartment so that you can show you make payments on time.

A higher Credit score makes your car loan application process smooth and easy, while a lower score can charge you a higher interest rate. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Nangal.

Car Loan Nangal Contact Number

In case if you have queries regarding the car loan in Nangal, you may contact us on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Nangal

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 Nangal

Nangal is located at the foot of Shiwalik hills in the state of Punjab. It is famous first and foremost because of the Bkhakra Nangal Dam, after which this city was named. This city is also known for its culture and its scenic beauty, the Nangal wetlands, Virasat-e-Khalsa, Sheetla Devi temple and many more tourist spots. Its population is around 48000.

Car Loan EMI Calculator

Get a car loan from HDFC bank

Get a car loan from Kotak Mahindra bank

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