Car Loan Raebareli

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Car Loan Raebareli

Best Banks for Car Loan in Raebareli

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 Raebareli Features

car loan RaebareliThinking of buying your desired luxurious dream car? But money holds you back? not to worry! DialaBank has you covered through a car loan in Raebareli. A car loan is a means of funding your dream car provided by banks and NBFCs to applicants at an affordable rate of interest throughout the country to cater to your needs. Since the cost of cars is growing 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 Raebareli are:

  • Car loans in Raebareli are available at Lowest Car Loan Interest Rate
  • Car loans are easily available through Dialabank
  • Almost all major banks and NBFCs offer car loans
  • The documentation process is quick and hassle-free

Car Loan Raebareli 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 Raebareli 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 of the applicant
  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 to be submitted by the applicant.
  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 Raebareli 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 which is an essential factor required for the loan approval in Raebareli
  5. Minimum Annual Income: For such applicants, Rs 100000 net annual income is important to mention.

For Self Employed

  1.  At least 3 years in operating business is mandatory
  2. The minimum age requirement for the applicant is 30 years
  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 Raebareli
  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 Manufacturers in Raebareli

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Raebareli

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 Raebareli

The credit score popularly known as the Cibil score is what defines your ability to pay off your past credits. A higher Credit score defines 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 Raebareli. This score may further vary from bank to bank as per 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 Raebareli Contact Number

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In case of any queries regarding car loan in Raebareli, you may contact on the number 9878981166 for any sort of assistance and visit Dialabank

Pre Calculated EMI Table for Car Loan Raebareli

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 Raebareli

Raebareli is a city and a municipal board situated in the Indian state of Uttar Pradesh. Raebareli is also the administrative headquarters of Raebareli district and a part of the Lucknow Division. Raebareli is situated on the banks of the Sai river, 82 km southeast of the city of Lucknow. The city was created by Britishers in 1858.

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