Car Loan Rewa

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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 Rewa

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 Rewa Features

Car Loan RewaEvery week witnesses arrival of a new car. With the expanding automobile market, the demand for the cars has increased as well. Many people want to buy a new car that comes to the market but monetary constraints stop them from doing so. Car Loans are the best way to overcome this problem as banks and NBFCs provide the service to everyone.

A Car Loan is a popular means which people adopt as the interest rates are affordable and the repayment structure is quite flexible too. The eligibility criteria for a car loan is also not much rigid as compared to other loans.

Car Loan Rewa 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 Rewa Documents Required

  1. The borrower must provide identity proof such as Aadhar card, PAN Card, Driving License, etc.
  2. Proof of income such as previous 3 months salary slips or Form 16 for a salaried individual and recent tax return files for a self-employed individual need to be submitted
  3. Proof of address like Water Bill/ Voter ID/ Telephone bill/ Passport Copy
  4. Recent passport size photographs-2

Car Loan Rewa Eligibility Criteria

  1. Age of a salaried individual should range between 21 to 65 years and for a self-employed individual, it should range from 25 to 60 years
  2. A salaried employee must be working in the current company for a minimum of 1 year
  3. In case the individual is a businessman then, their business must be operational from at least the past three years.
  4.  A salaried individual should be earning a minimum of Rs 25000 per month

How to Apply for Car Loan in Rewa?

You can apply for a car loan in few simple steps. The best way to apply for a car loan is by applying online.

  1. Visit our website DialaBank.
  2. On the homepage, Select Car Loans under the Auto Loans section.
  3. Individuals must fill an online application form and provide all the necessary details.
  4. Provide your current contact number so that our executives can get in touch with you for further assistance.

In case, anyone wants to apply for a car loan through the conventional offline mode, they can do so by visiting the nearest branch of the bank offering the best deal. They are then required to fill an application form and complete all the formalities.

Processing Fees & Prepayment Charges on Car Loan Rewa

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 Rewa 

Banks and NBFCs regard CIBIL scores as important criteria in the loan approval process. It shows the creditworthiness of any applicant. The minimum CIBIL score requirement for a car loan varies from bank to bank. Generally, a score above 800 is considered to be good for any individual to be eligible to apply for a car loan.

You must keep in mind that it is very important to pay off all the dues and debts of the previous loans as you do not want a bad credit history ruining your chances of availing a fresh loan. Always keep a check on your CIBIL score.

Car Loan Rewa 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 Rewa 

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 Rewa 

A city in the north-eastern part of Madhya Pradesh, Rewa is popular for the numerous waterfalls present here. The city has various natural beauty sites. Rewa is also the home of the world-renowned white tiger- Mohan

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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