Car Loan Naraingarh

Best Banks for Car Loan in Naraingarh

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35% - 7.95 %
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 Naraingarh Features

Are you thinking of purchasing a new car? But lacking the funds to afford one? Do not worry! Dialabank got your back. A car loan is a means of financial help provided by banks and NBFCs to the applicants with an affordable rate of interest to aid them in buying a car, new or used.

Since cars are a necessity for everyone, a car loan comes into play and fulfils your desire to be the owner of your dream car. The main features of a car loan in Naraingarh are:

  • Car loans are available at Lowest Car Loan Interest Rate, which may vary from bank to bank, so make sure you compare and choose wisely
  • Almost all central banks and NBFCs offer car loans in Naraingarh in your vicinity
  • The documentation process is quick and hassle-free
  • Car loans are readily available through DialaBank. We ensure our customers get the best facilities!

Car Loan Naraingarh

Car Loan Naraingarh 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 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 Naraingarh Documents Required

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

For Salaried Employee

  1. Passport, PAN Card, Voters ID card, or any other form of identity proof
  2. Latest 3-month salary slip with form 16.
  3. Anyone address proof
  4. 6 months of bank statements.

For Self Employed

  1. Passport, PAN Card, Voters ID card, or any other form of identity proof
  2. ITR filing proofs required
  3. Anyone address proof
  4. 6 months of bank statements.

Car Loan Naraingarh Eligibility Criteria

The car loan eligibility requirements are as followed in Naraingarh:

Salaried Individuals:

  1. The age should be minimum of 21years.
  2. The maximum age limit is 60 years
  3. A minimum of 1 year in current employment and a minimum of 2 years of 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 in Naraingarh.

Car Loan for Major Car Manufacturers in Naraingarh

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Naraingarh

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 Naraingarh

The CIBIL score is your ability to pay off your credits and is based on your repayment history. A higher Credit score means a good credit history and makes your car loan application process smooth and easy, while a lower score can charge you a higher car loan interest rate. Mainly, banks and NBFCs consider a credit score of 750 and above as an excellent score to approve your loan application process. However, this score may again vary from bank to bank. Thus, CIBIL score is an essential factor in a car loan.

Car Loan Naraingarh Contact Number

If you have queries regarding the car loan in Naraingarh, you may contact us on the number 9878981166.

For any assistance, you can also visit our website at Dialabank.

Pre Calculated EMI Table for Car Loan Naraingarh

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 Naraingarh

Naraingarh, also known as Narayangarh, is a city, municipal committee, and assembly constituency in the Ambala district of the Indian state of Haryana. It is located on the border with the Indian state of Himachal Pradesh. Due to its geographical location, the Naraingarh plays a vital role in local tourism, is located 52 km (32 miles) of Chandigarh, the state capital, 144 km (89 miles) of Shimla and 230 km (142 miles) of New Delhi. Hindi is the official language of Naraingarh, while English and Punjabi are additional languages used in the city. Naraingarh is connected by road network to all of the other major cities of north India, including Delhi, Dehradun, Chandigarh, Jalandhar, Paonta Sahib, and Shimla.

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