Car Loan Nawanshahar

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Best Banks for Car Loan in Nawanshahar

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 Nawanshahar Features

car Loan NawanshaharWant to purchase a car but don’t have sufficient funds for it? A car loan is what you can avail. Car Loan is a secured loan with easy repayment options available for the applicants in form of monthly instalments. The loan amount is offered on Interest charges which vary from one lender to another. You may avail a car loan in Nawanshahr for purchasing a new car as well as a used car. 

The car loan requirements vary from one lender to another. So if you are thinking of purchasing your dream car, get an instant Car loan with DialaBank at an affordable low rate of interest.

Car Loan Nawanshahar 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 Nawanshahar Documents Required

  1. Identity Proof in the form of Passport copy, PAN Card, Voters ID card, Driving License or any other proof
  2. Income Proof For Salaried Employees– Latest 3-month salary slip with form 16 while For Self Employed- Latest ITR
  3. Address Proof: Ration card / Driving license / Passport Copy / Telephone Bill / Electricity Bill 
  4. Bank Statements for the last 6 months.
  5. ITR must be filed for the last 2 years for self-employed people.

Car Loan Nawanshahar Eligibility Criteria

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

  1. Minimum age: 21 years for salaried and 30 years for self-employed
  2. Maximum age at loan maturity: 60 years for salaried and 65 for self-employed
  3. Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment while For Self Employed– at least 3 years in business
  4. Minimum Annual Income: For Salaried Rs 100000 net annual income is necessary / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars are essential.

How to Apply for Car Loan in Nawanshahar?

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

  • Click of the car loan options available in the menu of the website.
  • Fill in the details as required, like name, location etc.
  • Click on Request a Quote
  • You will be contacted by our car loan Relationship manager soon to assist you further through the process.

You can also apply for a car loan offline by visiting the nearest branch of banks offering car loans. But that would limit your option to only a single offer. It would also require you to make multiple visits to the banks to get your loan approved. Thus, when you think of a car loan DialaBank is your best option available.

Processing Fees & Prepayment Charges on Car Loan Nawanshahar

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 Nawanshahar

CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan. The CIBIL score required for car loans may vary from one lender to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, you might be required to pay a heavy interest rate on the loan amount.

Car Loan Nawanshahar Contact Number

For any queries regarding the car loan in Nawanshahar, you may contact the number 9878981166. We are always there to help you out in smoothening the car loan process.

Pre Calculated EMI Table for Car Loan Nawanshahar

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 Nawanshahar

Nawanshahr is a municipal council in Shaheed Bhagat Singh Nagar district in the Indian state of Punjab. It was previously a town that became a district in 1995. It is also the homeland of India’s famous freedom fighter Bhagat Singh.

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