Car Loan Panjim

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Car Loan Panjim

Best Bank For Car Loan in Panjim

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 Panjim Features

A car loan is a deal that helps the person to buy their favourite car without worrying about the payments. Dialabank provides a deal that allows the person to pay the cost of the car in partition rather than paying it at once. It is the best way to drive your dream car home.

Some of the features of car loan in Panjim are:

  • Easy monthly repayment options
  • Instantly available
  • Quick approval with minimum documentation
  • No hidden charges
  • Affordable interest Rates
  • The loan Tenure period varies from 1-7 years.

Car Loan Panjim

Why DialaBank?

  1. We provide you with the loan without any hassle the comfort of your home.
  2. We have tie-ups with top Banks and NBFCs to provide you with the best in class service.
  3. We offer you the lowest rate of interest in the market.
  4. We Charge no money from our customers for the services that we provide.
  5. Our team of experts and Relationship managers helps you in every step of the journey to acquire a loan.

Car Loan Panjim 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 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 Panjim Documents Required

Documents required for car loan are as followed:

For Salaried:-

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

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest ITR
  • Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

Car Loan Panjim Eligibility Criteria

The car loan eligibility requirements are as followed in Panjim:

For Salaried:-

  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 1,00,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at least 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

How to Apply for Car Loan in Panjim?

Applying for a car loan with Dialabank is an easy process. Follow the steps to apply for a car loan:

  1. Visit our website Dialabank.
  2. Click on the auto loan option and select the car loan option on the menu.
  3. Fill out the form with the necessary details of your loan requirements.
  4. Please wait for our team of experts to reach to get in touch with you.
  5. You can also visit the nearest branch or call on 9878981166.

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Car Loan for Major Car Manufacturers in Panjim

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Panjim

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 Panjim

 

CIBIL score reflects your credit history of the past and your defaults in repayment in your previous loans. A good credit score is generally considered above 750 as most financial institutions believe in a high credit score. Every bank and NBFC has certain criteria for a CIBIL score they require to process a loan. A CIBIL score lower than 750 can attract a higher rate of interest.

A deficient CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

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Car Loan Panjim Contact Number

For loan queries regarding car loans in Panjim, call us on 9878981166, and we would be happy to assist.

Pre Calculated EMI Table for Car Loan Panjim

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 Panjim

Panjim, also was known as Panaji, is the capital of the Indian state, Goa. It lies on the banks of the Mandovi estuary in the district of North Goa.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can quickly fulfil their money requirement with Gold Loan.

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Car Loan EMI Calculator Panjim

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