Car Loan Ratlam

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loan in Ratlam

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 Ratlam Features

Car Loan ratlamCar Loans are the most popular and widely chosen option by the people when it comes to purchasing a car owing to a monetary shortage. It is pretty easy to finance your car using a car loan as all the major banks and NBFCs provide car loans at reasonable interest rates and minimal documentation. In case any individual to buy a pre-owned or a used car, they can do seek finance using a used car loan.

To avoid any hassle and wastage of time, visit DialaBank to get a fast loan disbursal.

Car Loan Ratlam 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
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

Car Loan Ratlam Documents Required

  1. Identity Proof: Provide Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
  2. Income Proof: Previous 3 months salary slips and bank statements for a salaried individual and recent tax return files for a self-employed individual should be submitted
  3. Address Proof: Submit Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  4. Recent passport size photographs-2

Car Loan Ratlam Eligibility Criteria

  1. A salaried employee must be working in the current organization for at least a year.
  2. In case the individual is a businessman then, their business must be operational from at least the past three years.
  3. If the applicant is a salaried employee, they should be at least 21 years of age
  4. If the applicant is a self-employed individual then they should be at least 25 years of age
  5.  A salaried individual must have a minimum salary of Rs 25000 per month

How to Apply for Car Loan in Ratlam?

You can apply for a car loan within few minutes without wasting any time. The best way to apply for a car loan is by applying online.

  1. Visit our website DialaBank.
  2. Select Car Loans on the homepage.
  3. Fill an online application form and provide all the necessary details
  4. Our executives will get in touch with you for further assistance on the provided contact number

One can avail a car loan through offline mode as well by visiting the nearest branch of the bank and completing all the formalities thereafter. Make sure all the documents provided are correct.

Processing Fees & Prepayment Charges on Car Loan Ratlam

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 Ratlam

One of the most important aspects considered while approving for a loan by the banks is CIBIL score. CIBIL score signifies the individual’s credit behavior with regards to lending and repayment of the previous loans. Generally, a score above 750 is considered to be decent. This basic minimum varies from bank to bank.

The credit history of any applicant shouldn’t have any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process.

Car Loan Ratlam Contact Number

To avail instant car loans you can visit our website or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Ratlam

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

You can calculate your EMI here: Car Loan EMI Calculator

About Ratlam

Situated in the state of Madhya Pradesh, Ratlam is a city filled with food enthusiasts and cultural relevance. The purity of the gold found here is famous nationwide and the saree market is quite popular as well.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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