Car Loan Palanpur

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Rates as low as 8.50%*
Up to 100% Funding
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Best Banks for Car Loan in Palanpur

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 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 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 Palanpur Documents Required

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

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR proof
  3. Address Proof: 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 in Palanpur:

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

How to Apply for Car Loan in Palanpur?

Availing a car loan Palanpur is an easy process with DialaBank. Just follow some steps to avail the best offers conveniently!

  • Visit our website
  • Click on the car loan option available in the menu
  • Fill in your personal and professional details for the perusal of our experts
  • Wait. Our relationship manager will soon get in touch with you on your provided number and guide you further.
  • We are available for you at all times on the number 9878981166 in case of any queries regarding the loan.

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

Get a car loan from AXIS bank

Get a car loan from SBI

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

Get a car loan from HDFC bank

Get a car loan from Kotak Mahindra bank

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