Car Loan Rewari

Car Loan Rewari

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Best Banks for Car Loan in Rewari

Feature	HDFC Bank	Private 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
Private 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:

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

The minimum age of the applicant to apply for the loan is 21 years.
The maximum age of the applicant to apply for the loan maturity is 65 years.
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.
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
Prepayment Charges	>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.