Car Loan Rairangpur

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Best Banks for Car Loan in Rairangpur

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 Rairangpur FeaturesCar Loan Rairangpur

Living in Rairangpur, having your own vehicle might clearly proclaim in your list. A car loan is something provided by banks and NBFCs to assist you to fulfil that dream simply and consistent with your own terms. If you’re a resident of Rairangpur, you must have now got a large number of banks in your locality.

The interest rates vary from bank to bank, whereas the tenure may be chosen by you. Loan’s area unit provided for each on-road and ex-showroom costs, and for each latest and previously used cars! Dialabank makes it easier for you to avail of such types of loans.

Car Loan Rairangpur Interest Rates

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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Rairangpur Documents Required

For Salaried Individuals:

  • Proof of Identification: Passport copy, PAN Card, Voters Identity card, Driving License
  • Income Proof: Latest three month’s salary slip along with form 16
  • Residence Proof: Ration card / Driving license / Voters identity card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy / PAN Card
  • Bank Statement: Last six months.

For Self Employed Individuals:

  • Identification Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest ITR
  • Address Proof(anyone): Ration card/ Voters card / Passport Copy / Driving license / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

Car Loan Rairangpur Eligibility Criteria

For Salaried Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: 1 year in current work and a minimum of two years of profession
  • Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum Annual Income: Net profit Rs. 60000 per annum for regular cars and Rs.100000 per annum for mid-sized and excellent cars
  • Minimum employment: At least three years of operation in the business

Car Loan for Major Car Manufacturers in Rairangpur

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan Rairangpur

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 Rairangpur

CIBIL score reflects your credit history in the past yet as your wants in consideration of your previously availed loans wherever in Rairangpur. An honest credit score is taken into account as 750 and higher than as most of the monetary professionals need a high credit score for constant. Each bank and NBFC has totally different rules for a minimum CIBIL score they need to process your loan. A Lower CIBIL score than 750 will attract a better rate of interest.

The organizations also have a look at the details of previous loans or credits taken by the applicant. Any delay in previous loans may act as a barrier in availing of a new loan.

A very low CIBIL score may cause rejection of your loan because it is that the very first point a bank tracks before process your loan.

Car Loan Rairangpur Agent Contact Number

Contact us at 9878981166 or visit the website of Dialabank to know more about car loans and avail of the best and instant guidance all across Rairangpur city!

Pre Calculated EMI Table for Car Loan Rairangpur

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

Car Loan EMI Calculator Rairangpur

About Rairangpur

Rairangpur is a town and a Tehsil of Mayurbhanj district in the state of Odisha, India. The Kharkhai Dam and the Simlipal Tiger Reserve are the nearby economic performance at the convenient distance, bringing many international visitors here. This is a notable mining area of Odisha, comprises of iron-ores from Gorumahisani, Badampahar, Suleipat mines. It is Mayurbhanj’s second-largest city after Baripada. According to the 2011 Census of India, Rairangpur had a community of 47,294. Rairangpur has an average literacy rate of 72%, higher than the national average of 59.5%.

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