Car Loan Samba

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Car Loan Samba

Best Banks for Car Loan in Samba

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 Samba FeaturesCar loan Samba

With plenty of car companies introducing various cars in the market, people are getting attracted to them because of their features. Buying a car has become a dream for the common man.

But limited income and overbearing expenses do not allow them to buy their favorite car. Auto Loan is the best and beneficial way to buy your favorite car easily in a simple way. Get easy funding for your car to drive in your home.

Features of car loan in Samba are:

  • Easy monthly repayment options
  • Instantly available
  • Loan Tenure period varies from 1-7 years
  • Affordable interest Rates
  • No hidden charges

Car Loan Samba Interest Rates

Car loan interest rates keep changing every time, which is why it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean 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

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Car Loan Samba 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. Residence Proof: Any one of the following (Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill)
  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.
  • Residence Proof: Any one of the following (Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill)
  • Bank Statement: Last 6 months

Car Loan Samba Eligibility Criteria

The car loan eligibility requirements are as followed in Samba:

Salaried

  1. Firstly, the minimum age of the applicant should be not less than 21 years.
  2. Further, the maximum age should be 65 for loan maturity.
  3. Minimum employment: At least 1 year in current employment and a minimum of 2 years of employment.
  4. Minimum Annual Income: It should be Rs 1,00,000 net annual income.
  5. Also, the contact number is required.

Self Employed

  1. Firstly, the minimum age of the applicant should be 30 years or above
  2. The maximum age should be 60 at loan maturity
  3. In this, minimum employment should be at least 2 years in business
  4. Furthermore, the minimum annual income should be 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 Samba

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Samba

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

Car Loan Samba Agent Contact Number

To get an easy and instant car loan you can visit DialaBank or call on 9878981166 to get personalized assistance. Our relationship managers are well trained and will assist you in the best ever way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Samba

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

Car Loan EMI Calculator Samba

Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. The calculator is free to use and you can use it as many times you want. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.

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