Car Loan Parbhani

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Car Loan Parbhani

Best Banks for Car Loan in Parbhani

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 Parbhani Features

Car loan parbhaniWant to purchase your dream car but lacking on  required funds for it? A car loan is what you can fulfill your desire with. A Car loan is a secured loan with easy repayment options available for the applicants. The loan amount is offered on Interest charges which vary from one bank to another bank. You may avail a car loan for purchasing a new car as well as an already used car.  So if you are planning of purchasing your dream car, get an instant car loan with Dialabank at an affordable and best rate of interest.

Car Loan Parbhani 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

Car Loan Interest Rate Online

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Car Loan Parbhani Documents Required

Documents required for car loan are as followed:

For Salaried Employee

  1. Income Proof: It is  necessary to provide the latest 3-month salary slip with form 16
  2. Identity Proof:  ID like Passport copy, PAN Card, Voters ID card, Driving License to verify identity
  3. Bank Statement: The last six months’ statement to be submitted by the applicant is strictly required
  4. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

For Self-Employed

  1. Income Proof: Latest ITR proof of the firm by the applicant is required
  2. Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
  3. Bank Statement: The last six months’ statement.
  4. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

Car Loan  Parbhani Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  1. The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
  2. The minimum age requirements are 21 years.
  3. The applicants should not be more than 60 and 65 years at the time of completion of tenure
  4. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above that is an essential factor required for the loan approval in Parbhani
  5. Minimum Annual Income: For such applicants, Rs 100000 net annual income is compulsory to mention.

For Self Employed

  1.  At least 3 years in operating business is mandatory
  2. The minimum age requirements are 30 years in case of a self-employed
  3. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
  4. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Parbhani
  5. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars.

Car Loan for Major Car Manufacturer in Parbhani

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Parbhani

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 Parbhani

CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan. The CIBIL score required for car loans may vary from one bank to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, you might be required to pay a heavy interest rate on the loan amount.

Car Loan Parbhani Contact Number

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For any queries regarding the car loan in Parbhani, you may call on the number 9878981166. And you can also get in touch with us at Dialabank

Pre Calculated EMI Table for Car Loan Parbhani

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 Parbhani

Parbhani is a town in the Maharashtra state of India. it is the administrative headquarters of the Parbhani District.

Parbhani is known to be the fourth largest city in the Marathwada location of Maharashtra after Aurangabad, Nanded, and Latur.

Car Loan EMI Calculator

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