Car Loan Raipur

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Car Loan Raipur

Best Banks for Car Loan in Raipur

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 Raipur Features

car loan raipur

Want to buy a car?

Trying to avail of a car loan?

A car loan is something that could solve most of your problems. With Dialabank, the process of availing of a car loan has become easy for all.

What are some of the Car Loan Raipur features?

Car Loan Raipur aims to provide financial assistance at the best affordable car loan interest rates to its customers. If you have a decent CIBIL score and good credit history, you can avail of a car loan easily with a low rate of interest. Also, the tenure of the car loan repayment would be somewhere between 1 to 5 years. Thus, don’t wait to buy your first car since  Dialabank will always be there for you.

Car Loan Raipur Interest Rates

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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 Raipur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

  1. Identity Proof: Passport copy, PAN Card, or Driving License, Voters ID Card are acceptable as ID proof.
  2. Income Proof: Last quarter’s salary receipts or two quarters salary receipts with Income Tax Return filed.
  3. Address Proof: Driving License, Electoral Photo ID Card, PAN Card, Electricity Bill, and Life Insurance Policy are valid address proofs.
  4. A Bank Statement is asked for the previous six months.

For Self-Employed Individuals

  1. Identity Proof: Passport copy, PAN Card, or Driving License, Voters ID Card are acceptable as ID proof.
  2. Income Proof: Income Tax Return.
  3. Address Proof: Driving License, Electoral Photo ID Card, PAN Card, Electricity Bill, and Life Insurance Policy are valid address proofs.
  4. A Bank Statement is asked for the previous six months.

Car Loan Raipur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried employees:

  1. The minimum age for car loan eligibility to be required by the bank: 21 years old
  2. Maximum age at loan maturity for car loan eligibility to be required by the bank: 65 years old
  3. Minimum employment for car loan eligibility to be required by the bank: For Salaried: 1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income for car loan eligibility to be required by the bank: For Salaried Rs 1lakh and above the net annual income.

For Self-Employed:

  1. The minimum age for car loan eligibility to be required by the bank: 21 years old
  2. Maximum age at loan maturity for car loan eligibility to be required by the bank: 65 years old
  3. Minimum employment eligibility to be required by the bank: at least 3 years in business
  4. Minimum Annual Income car loan eligibility to be required by the bank: Net profit Rs. 60 thousand p.a for standard cars and Rs.1 lakh per annum for mid-sized and premium cars

How to Apply for Car Loan in Raipur?

Apply for a Car Loan
  1. Visit our website Dialabank from your browser or go directly at the Car Loan page.
  2. Go to the loan part on the page and click on the car loan link to quickly and easily apply for a car loan Raipur.
  3. The candidate will be directed to all the details of the car loan where they can choose their preferred city, according to their requirements to quickly and easily apply for a car loan Raipur.
  4. For more knowledge on car loan Raipur and free guidance, you may call on 9878981166 for faster services.

Car Loan for major car manufacturers in Raipur

TABLE WILL APPEAR

Processing Fees/Prepayment Charges on Car Loan in Raipur

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 Raipur

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You need to have a Credit score of 750 and higher to get a car loan at a low-interest rate else you have to pay a higher rate of interest.

Car Loan Raipur Contact Number

You can get a car loan Raipur easily from dialabank by reaching 9878981166.

Pre Calculated EMI Table for Car Loan Raipur

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 Raipur

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In the central Indian state of Chhattisgarh, Raipur is the capital of the state. The city is known for the beautiful ancient Dudhadhari Math temple which is a sacred monument dedicated to Lord Rama, painted with scenes from the epic poem “Ramayana.” Nearby, a statue of an exemplary great Indian Monk Swami Vivekananda towers over Vivekananda Sarovar lake.

Car Loan EMI Calculator Raipur

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