Car Loan Rewa

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Rates as low as 7.05%*
Up to 100% Funding
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Car Loan Rewa

Best Banks for Car Loan in Rewa

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 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 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 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 Rewa Documents Required

Documents required for car loan are as followed:

For Salaried Individuals

  1. Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: – Latest 3-month salary slip with form 16
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: Last 6 months.

 For Self Employed

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

Car Loan Rewa Eligibility Criteria

It is important to fulfill the following car loan eligibility in Rewa as follows:

For Salaried Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment:  1 year in current employment and a minimum of 2 years of employment
  4. Minimum Annual Income: Rs 100000 net annual income.

For Self Employed Applicants

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Rewa

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan in 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 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 Dialabank 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.

Apply for a Car Loan

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

Car Loan EMI Calculator

Online Car Loan EMI Calculator

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