Car Loan Panchkula

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

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 Panchkula  Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. Car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Car Loan Panchkula 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 Panchkula Documents Required

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16 of the applicant
  3.  For Self Employed- Latest Income Tax Report of the applicant
  4. Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
  5. Bank Statement: Last 6 months original and photocopies of bank statement of the applicant.

Car Loan Panchkula Eligibility Criteria

  1. Minimum age: 21 years old
  2. Maximum age at loan maturity: 65 years old
  3. Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment
  4. For Self Employed– at least 3 years in business
  5. Minimum Annual Income: For Salaried Rs 1 lakh net annual income
  6. For Self- Employed Net profit Rs. sixty thousand p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars

How to Apply for Car Loan in Panchkula?

  1. Visit our website www.dialabank.com from your browser.
  2. Go to the loan section on the page and click on the car loan link.
  3. The applicant will be directed to all the details of the car loan where they can choose their preferred city, according to their needs.
  4. For more information on car loans and free guidance, you may call on 9878981166.

Processing Fees & Prepayment Charges on Car Loan Panchkula

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 Panchkula

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Shivpuri so that they can minimize the risk of lending to you and also if your CIBIL score is high you get an interest rate at a much lower interest rate than others. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Panchkula Contact Number

You can get a car loan Panchkula easily from dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Panchkula

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 Panchkula

Car Loan Panchkula

Panchkula is a planned city and District Headquarter in the Panchkula district, Haryana, India. The origin of the name Panchkula came from the place where five irrigation canals meet. It forms a part of an adjoining area to the Chandigarh, Mohali and Zirakpur.

It is approximately 4 km (2.4 miles) southeast of Chandigarh, 105 km (65 miles) southwest of Shimla, 44 km (27 miles) from Ambala and 259 km (162 miles) northeast of New Delhi, the national capital. It is a part of the Chandigarh capital region or Greater Chandigarh. The Chandigarh-Mohali-Panchkula metropolitan region collectively forms a Chandigarh Tricity, with a combined population of over 2 million.

Car Loan EMI Calculator

Car loan EMI can be calculated by Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

Get a car loan from HDFC bank

Get a car loan from AXIS bank

Get a car loan from ICICI bank

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