Car Loan Parbhani

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Best Banks for Car Loan in Parbhani

Feature	HDFC Bank	Private 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 parbhani Want 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
Private 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

Income Proof: It is necessary to provide the latest 3-month salary slip with form 16
Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License to verify identity
Bank Statement: The last six months’ statement to be submitted by the applicant is strictly required
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

Income Proof: Latest ITR proof of the firm by the applicant is required
Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
Bank Statement: The last six months’ statement.
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

The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
The minimum age requirements are 21 years.
The applicants should not be more than 60 and 65 years at the time of completion of tenure
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
Minimum Annual Income: For such applicants, Rs 100000 net annual income is compulsory to mention.

For Self Employed

At least 3 years in operating business is mandatory
The minimum age requirements are 30 years in case of a self-employed
The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
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
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
Prepayment Charges	>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

Apply for a Car Loan

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