Car Loan Sahnewal

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Car Loan Sahnewal

Best Banks for Car Loan in Sahnewal

Private Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Car Loan Sahnewal Features

Is it true that you are liberal in new vehicles and need and to buy a recently showed up vehicle? Does it cost more than your spending plan? In the event that truly, Car Loans is the response to every one of your inquiries. It causes you to organize the compulsory assets to buy your fantasy vehicle. We are carrying a Car Loan in Allahabad with the most reduced financing costs and insignificant documentation measures.

In spite of the fact that it is made sure about the advance, you are not needed to put some other resource as insurance as the vehicle you buy fills in as the guarantee security itself.

Car Loan Sahnewal 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
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

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Car Loan Sahnewal Documents Required

A person should review the documents required for a car loan before making a decision.

  1. Any government authorized ID such as Aadhar Card/ Driving License/ Passport Copy, etc.
  2. Income proof in the form of the previous 3 months bank statements and salary slips for a salaried individual and recent ITR files for a self-employed individual
  3. 2 recent passport size photographs
  4. Proof of address such as Water Bill/ Telephone bill/ Voter ID/ Passport Copy

Car Loan Sahnewal Eligibility Criteria

If a person fulfils the Eligibility criteria for car loan, then he can get the amount efficiently.


  • Minimum age: 21 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
  • Least Annual Income: Rs 100000 net yearly pay.


  • Minimum age: 30 years
  • Maximum age at loan maturity: 65 years
  • Minimum employment: At least 2 years in business
  • Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Sahnewal


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Processing Fees & Prepayment Charges on Car Loan Sahnewal

Category Details
Processing Charges
1999 - 4999 + Tax
No prepayment is allowed until 12 EMIs are paid
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 Sahnewal

CIBIL score is the basis of checking your previous credit behavior. Thus, the lenders have a minimum CIBIL score requirement based on which the loan is approved. Generally, if an applicant has a score above 800 then they are eligible for availing a car loan at an on-road price.

Ensure that an applicant should clear all the pending dues and debts in order to maintain a good CIBIL Score. Default in your credit score may hinder your opportunities for availing a fresh loan in the future.

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Car Loan Sahnewal Contact Number

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

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Pre Calculated EMI Table for Car Loan Sahnewal

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 Sahnewal

Sahnewal is a town and a Municipal Council in the Ludhiana region in the Indian province of Punjab. The town is arranged on National Highway No. 44, among Khanna and Ludhiana.

Car Loan EMI Calculator

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