Car Loan Palanpur

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Car Loan Palanpur

Best Banks for Car Loan in Palanpur

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 Palanpur Features

car loan palanpur

Here at Dialabank, our motto is ‘Simplify’, and that’s exactly what we do. Dialabank helps you avail car loans easily and helps in keeping you informed about the best offers and makes it easy for you to understand the details of the procedure, without you having to visit the banks personally. With us, you can get access to many features of car loans in Palanpur such as: –

    • Car loans are available at low-interest rates, and affordable EMIs which may vary from bank to bank so make sure you compare and choose wisely!
    • Almost all major banks and NBFCs offer car loans in Palanpur.
    • Car loans are available for an amount up to 3 times your annual income, in case of a salaried employee, and up to 6 times in case of a self-employed.

Car Loan Palanpur Interest Rates

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 Palanpur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest 3-month salary slip with form 16
  3. Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

For Self Employed Individuals:

    1. Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
    2. Income Proof: Latest ITR
    3. Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
    4. Bank Statement: Last 6 months.

Car Loan Palanpur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

  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. Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: At least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Palanpur

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Palanpur

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 Palanpur

The CIBIL score is referred to as what defines your ability to pay off your credits and is based on your repayment history, as well as other things such as your income structure. A higher Credit score means you are a trustworthy and punctual borrower and makes your car loan application process smooth and easy, while a lower score has the opposite effect. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Palanpur.

Car Loan Palanpur Contact Number

In case of any queries regarding a car loan in Palanpur, you may contact us on the number 9878981166 for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Palanpur

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 Palanpur

Palanpur is located in the state of Gujarat and is home to the industry of Indian diamond merchants. It has several temples dedicated to Hinduism and Jainism. The Chalukya dynasty ruler Jayasimha Siddharaja believed to be born here. His mother Meenaldevi built Pataleshwar Temple dedicated to Shiva. Other Hindu temples are Lakshman Tekri temple, Mota Ramji Mandir, Ambaji Mata Mandir. Its population is around 1.4 lakhs.

Car Loan EMI Calculator

Online Car Loan EMI Calculator

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