Car Loan Porbandar

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Porbandar

Best Banks for Car Loan in Porbandar

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 Porbandar Features

Car Loan Porbandar Thinking of buying your desired luxurious dream car? But don’t have enough money for it? Worry not! DialaBank has a car loan in Porbandar. A car loan is a means of funding your dream car provided by banks and NBFCs to applicants at an affordable best rate of interest throughout the country to cater to your needs. Since the cost of cars is rising rapidly daily, a car loan is very important and fulfills your desire to be the owner of a luxurious car. The main features of a car loan in Porbandar are:

  • Car loans in Porbandar are available at low-interest rates
  • Car loans are easily available through Dialabank.
  • Almost all major banks and NBFCs offer car loans
  • The documentation process is instant and hassle-free

Car Loan Porbandar Interest Rate

Apply for a Car Loan

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 Porbandar Documents Required

The essential documents required for a car loan approved in Porbandar are as follows:

For Salaried Employee

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

For Self-Employed

  1. Identity Proof: Provide any ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR proof
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted.

Car Loan Porbandar Eligibility Criteria

The car loan eligibility requirements are as followed in Porbandar:

For Salaried Employee

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

For Self Employed

  1. The minimum age requirements are 30 years for the applicant
  2. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
  3.  At least 3 years in operating business
  4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars
  5. 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 Porbandar.

Car Loan for Major Car Manufacturers in Porbandar

Apply for a Car Loan

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Porbandar

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 Porbandar

The credit score is popularly known as the CIBIL score is what defines your ability to pay off your past credits. A higher Credit score is an indication of your good credit history which makes your application process smooth and easy to be processed further. Usually, most of the banks and NBFCs require a credit score of 750 and above to approve your car loan application process in Porbandar. This score may further vary from bank to bank depending upon the requirements. In case a CIBIL score is less than the required value of the bank you will be required to pay a high rate interest rate on the loan amount.

Car Loan Porbandar Contact Number

Apply for a Car Loan

In case of any queries regarding the instant car loan in Porbandar, you may contact the number 9878981166 for any sort of assistance or you can visit our website for further information Dialabank.

Pre Calculated EMI Table for Car Loan Porbandar

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 Porbandar

Porbandar city is popularly known for the Birth Place of Mahatma Gandhi. Porbandar is located in the Gujarat State of India. Kirti Mandir Memorial of MK Gandhi is one of the famous  tourist attractions of Porbandar. Porbandar was widely known as the famous ancient port city of India in the past. At present, it is an all-weather port with facilities of direct birthing over 50,000 ships.

Car Loan EMI Calculator

Apply for a Car Loan