Car Loan Navi Mumbai

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Car Loan Navi Mumbai

Best Banks for Car Loan in Navi Mumbai

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 Navi Mumbai Features

car Loan Navi mumbaiWho doesn’t want to have his own car? In today’s fast-moving world, an automobile has become a necessity. But not everyone can afford the heavy price for these cars. This is where car loan comes into play. A Car Loan is a secured loan with easy repayment options available through various banks.

The loan amount is offered in exchange for Interest charges on the principal amount which vary from one lender to another. Whether purchasing a new car or a used one, you may avail of a car loan for any car.  The car loan requirements vary depending upon certain factors like your income. So if you are thinking of purchasing your dream car in Navi Mumbai, get an instant Car loan with DialaBank at an affordable rate of interest.

Car Loan Navi Mumbai 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 Navi Mumbai Documents Required

Documents required for car loan are as followed:

  1. Any Identity Proof: Passport, PAN Card, Voters ID card, Aadhar Card, etc.
  2. Income Proof For Salaried Individuals– Latest 3-month salary slip with form 16
  3. Any one Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statements for the last 6 months.
  5. ITR must have been filed for the previous 2 years for self-employed people.

Car Loan Navi Mumbai Eligibility Criteria

Car loan eligibility criteria differ for the salaried and self-employed in the following manner:

SALARIED INDIVIDUALS

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
  4. Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

  1. Minimum age: 30 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 2 years in business
  4. Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

How to Apply for Car Loan in Navi Mumbai?

Applying for a car loan in Navi Mumbai is easy with DialaBank. Just visit our website at dialabank and follow the following steps:

  • Click on the car loan option from the options available.
  • Fill in the required details in the form as required, like name, income, etc.
  • Submit the form
  • You will be contacted by our car loan Relationship manager who will guide you through the further process.

You can also avail of a car loan offline by visiting the nearest branch of banks offering car loans. But that would have a drawback of limiting your option to only a single offer. It would also require you to make multiple request visits to the banks for various purposes to get your loan approved. Thus, when you think of a car loan in Navi Mumbai DialaBank is your best option available.

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Car Loan for Major Car Manufacturers in Navi Mumbai 

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Navi Mumbai

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 Navi Mumbai

CIBIL score is a numeric value that describes your creditworthiness of the past. So, it is an important factor to keep in mind while availing a car loan. The CIBIL score required for car loans in Navi Mumbai may vary from one lender to another due to the presence of a huge number of lenders nowadays. Most banks prefer a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, to get your loan sanctioned you might be required to pay a heavy interest rate on the loan amount.

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Car Loan Navi Mumbai Contact Number

For any queries regarding the car loan in Navi Mumbai, you may contact me on the number 9878981166.

Pre Calculated EMI Table for Car Loan Navi Mumbai

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 Navi Mumbai

Navi Mumbai is an arranged city on the west shoreline of the Indian territory of Maharashtra in the Konkan division. The city is separated into two sections, North Navi Mumbai and South Navi Mumbai, for the individual improvement of Panvel Mega City, which incorporates the territory from Kharghar to Uran.

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Car Loan EMI Calculator

To check Car Loan EMI you can visit: Online Car Loan EMI Calculator