Car Loan Rewari

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Car Loan Rewari

Best Banks for Car Loan in Rewari

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 Rewari Features

Today, more and more people are opting for a Car Loan to buy a vehicle. It is a loan that provides funds to people for paying for the car. You can avail the loan to buy a vehicle of any brand and model.

Car Loan Rewari

Everyone wants their family to go places altogether under a single roof without the hassle of dust, sunlight, rain, etc. An overall car is a safe option for travelling with proper comfort and many facilities, so everyone wants to own a car.

Car Loan Rewari Interest Rate

The Car loan rate of interest changes repeatedly, so it’s essential to monitor them. The loan’s interest rate impacts the amount you’re going to pay for EMI. Furthermore, a lower interest rate means a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.

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 Rewari Documents Required

Documents required for car loan are as followed:

  1.  A passport copy, PAN Card, Voters ID card, Driving License are required.
  2. Latest 3-month salary slip with form 16 / For Self Employed- Latest Income tax returns required.
  3. Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  4.  Last 6 months bank statement.

Apply for a Car Loan

Car Loan Rewari Eligibility Criteria

The car loan eligibility requirements are as followed in Rewari:

  1.  The minimum age of the applicant to apply for the loan is 21 years.
  2. The maximum age of the applicant to apply for the loan maturity is 65 years.
  3. For salaried applicants: 1 year in current employment and a minimum of 2 years of employment must be for the salaried applicant. He should get more than Rs.3lakhs and the standard cars, the applicant should get more than 3 lakhs of income.
  4. For Self-employed: the applicant should have at least 3 years in business. So that the applications will get approval quickly. The applicant should submit income tax return(ITR) files, and the net annual income should be more than 4lakhs. For the standard cars, the applicant should have more than 3lakhs of income.

Car Loan for Major Car Manufacturers in Rewari

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Rewari

check here for the processing Fees and Prepayment charges on an instant car loan.

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 Rewari

CIBIL score plays a key role in getting a loan. Suppose your Cibil score is between 750-900. then you will get quick loan approvals. On the other hand, if the Cibil score is less than 700, then your application will be pending. So, check your Cibil score before you apply for the loan. If you pay your EMIs in time, then your Cibil score will be increased. On the other hand, if you do not repay Your EMI, your Cibil score will get reduced. This is because the applicant has to pay monthly EMIs according to there schedule of the bank.

Car Loan Rewari Contact Number

For instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Rewari

check here Pre calculated EMI table for a car loan.

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 Rewari

The city of Rewari is a municipal council district in the Indian state of Haryana. Rewari used to be a part of the Gurgaon district of Punjab. The town has a variety of industries, including small-scale integrated units.

Car Loan EMI Calculator

Repaying the loans in EMIs will not affect our monthly budget, and paying on time will increase our Cibil score.

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