Car Loan Orai

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Car Loan Orai

Best Banks for Car Loan in Orai

Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Orai Features

car loam oraiA car loan is a financial help offered by different banks and NBFCs to buy a car. The banks provide the necessary funding for purchasing a vehicle which can be on Ex-Showroom price or the On-Road price of the car. They offered the lowest interest rates and minimum document process.

But owning a car isn’t that simple as it doesn’t come in a few pennies. A standard Hatchback car can cost you a minimum of 5 lacks, and it is not possible for everyone to manage this big amount altogether.

Click here for ICICI car loan

Car Loan Orai Interest Rate

Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

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

Car Loan Orai Documents Required

A person should review the documents required for car loan before making a decision.

  1.  Passport copy, PAN Card, Voters ID card, Driving License are required.
  2. For Salaried– Latest 3-month salary slip with form 16 / For Self Employed- Latest Income tax returns required as income proofs.
  3. Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  4.  Last 6 months bank statement is required.

Click here for Indusind car loan

Car Loan Orai Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.


  • Firstly, the minimum age of the applicant should be not less than 21 years.
  • Further, the maximum age should be 65 for loan maturity.
  • Minimum employment: At least 1 year in current employment and a minimum of 2 years of employment.
  • Minimum Annual Income: It should be Rs 1,00,000 net annual income.
  • Also, the contact number is required.

Self Employed:

  • Firstly, the minimum age of the applicant should be 30 years or above.
  • The maximum age should be 60 at loan maturity.
  • In this, minimum employment should be at least 2 years in business
  • Furthermore, the minimum annual income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Partnership Firms 

  • First, the minimum income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.
  • Likewise, the minimum turnover should be not less than Rs. 4.5 lakh.

Private Limited Company

  • Minimum Income should be Rs. 60000 p.a for standard cars and Rs.100000 pa for mid-sized and premium cars
  • Minimum turnover should not be less than Rs 4.5 lakh.

How to Apply for Car Loan in Orai?

  • Visit Dialabank website.
  • Go to the loan section and select an auto loan followed by a car loan link.
  • Provide all your information, including your phone number.
  • You will receive a phone call from our experts, and they will guide you further.

Click here for Kotak bank car loan

Processing Fees & Prepayment Charges on Car Loan Orai

Check here for the processing Fees and Prepayment charges on a car loan.

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Orai

CIBIL score plays a key role while getting the loan. If your Cibil score is between 750-900. Then you will get the quick loan approvals. If the Cibil score is less than 700 then your application will be pending. so, check your Cibil score before you apply for the loan. If you pay your EMIs in time then your Cibil score will be increased. If you do not repay Your EMI your Cibil score will be reduced. The applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Orai Contact Number

For instant help and any more queries, you can call 9878981166.

Click here for Canara car loan

Pre Calculated EMI Table for Car Loan Orai

Check here of Pre calculated EMI table for a car loan.

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 Orai

Orai is a city in the Jalaun district in the state of Uttar Pradesh. The population of this place is 1.91 lakhs.

Car Loan EMI Calculator

Repaying the loans in EMIs will not affect our monthly budget. As well as paying in time will increase our Cibil score.

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