Car Loan Panvel

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

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 Panvel Features

car Loan PanvelA car loan is a funding for your dream car provided by banks and NBFC’s at affordable rates. They provide the required necessary loans for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car, depending on your credibility. Car Loan is a secured loan with easy repayment options available in the form of EMIs required to be paid every month. The loan amount is then charged with Interest charges which vary from lender to lender. For getting your dream car in Panvel, a Car loan is the best option available. Car loan in Panvel like any other loan requires certain eligibility criteria to be fulfilled before your application gets approved.

Car Loan Panvel 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 Panvel Documents Required

  1. Any one Identity Proof
  2. Income ProofFor Salaried– Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR
  3. Address Proof of any sort to be submitted
  4. Bank Statement: Of Last 6 months.

Car Loan Panvel Eligibility Criteria

The eligibility criteria for salaried applicants in Panvel is as follows:

  1. Minimum age: 21 years of age
  2. Maximum age at loan maturity: 60 years of age
  3. Minimum employment: For Salaried- 1 year in the current job and a minimum of 2 years of overall employment
  4. Minimum Annual Income: Rs 100000 net annual income is the minimum criteria

For self-employed applicants the car loan eligibility is as follows:

  1. Minimum age: 30 years of age
  2. Maximum age: 65 Years of age
  3. Minimum Employment:  at least 3 years in current operating business
  4. Minimum Annual Income: Net profit of a minimum of Rs. 60000 p.a for standard cars and a minimum of Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Panvel?

There are mainly two ways in which you can apply for a car loan in Panvel:

  • Online process: The online process of applying for a car loan is easy with DialaBank. You just have to visit the site and fill the basic details regarding your car loan so that our relationship manager can assist you better. You will be contacted then by our relationship manager on your provided valid contact number. The manager will guide you through the process and will introduce to the best offers available in the market by several banks as per your needs.
  • Offline process: The offline process of applying for a car loan in Panvel can be hectic and tiresome. You will have to make multiple visits to your lender for your application to get approved.

Thus, DialaBank is your best agent when thinking of a car loan in Panvel. The process is simple and hassle-free when applied through DialaBank that makes your overall experience a great one.

Processing Fees & Prepayment Charges on Car Loan Panvel

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 Panvel

A CIBIL score is a numeric score that describes an applicant’s ability to repay his past loans efficiently and regularly. The minimum CIBIL score requirement for car loans in Panvel may vary from banks to banks. So, maintaining a good CIBIL score is important if you want to avail a car loan at an affordable rate of interest. Also, having a good CIBIL score increases your chances of getting a loan easily. Mostly the lending institutes accept a 750+ score to process your car loan in Panvel but these may be higher or lower depending upon the individual requirements of the banks and NBFCs.

Car Loan Panvel Contact Number

You may contact on the number 9878981166 to apply for your car loan in Panvel or in case of any queries regarding the car loan process.

Pre Calculated EMI Table for Car Loan Panvel

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 Panvel

Panvel is a locality situated in the Raigad district of Maharashtra in Konkan Division and is a node of Navi Mumbai city in India. It is a highly populated city due to its close proximity to Mumbai. Panvel is located in the Mumbai Metropolitan Region and is famously known as the gateway of Konkan coast. The Karnala Fort is a famous trekking spot in Panvel.

Car Loan EMI Calculator

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