Car Loan Sangrur

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Car Loan Sangrur

Best Banks for Car Loan in Sangrur

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 Sangrur Features Car Loan Sangrur

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your desired car. They provide the required funding for purchasing acar which can be on Ex-Showroom Price or On-Road Price of the car. A Car loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments. Visit  Dialabank to avail your Car Loan in Sangrur.

Car Loan Sangrur Interest Rate

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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
1%
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 Sangrur Documents Required

The essential documents required to get a car loan approved in Sangrur are as follows:

For Salaried Employee

  1. Identity Proof:  ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: It is  necessary to provide the latest 3-month salary slip with form 16
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted by the applicant.

For Self-Employed

  1. Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
  2. Income Proof: Latest ITR proof of the firm by the applicant
  3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. Bank Statement: The last six months’ statement to be submitted by the applicant.

Car Loan Sangrur Eligibility Criteria

The car loan eligibility requirements are as followed in Sangrur:

For Salaried Employee

  1. The minimum age requirements are 21 years.
  2. The applicants should not be more than 60 and 65 years at the time of completion of tenure
  3. The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
  4. Minimum Annual Income: For such applicants, Rs 100000 net annual income is important to mention
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Sangrur.

For Self Employed

  1. The minimum age requirements are 30 years in case of a self-employed
  2. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
  3.  At least 3 years in operating business is mandatory
  4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars
  5. Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Sangrur.

Car Loan for Major Car Manufacturers in Sangur

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Sangrur

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 Sangrur

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan Udupi application in Tenali so that they can minimize the risk of lending to you and also if your CIBIL score is low you get an interest rate at a much high-interest rate than others. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of car loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Sangrur Contact Number

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You can get a car loan Sangrur easily from dialabank by contacting the number 9878981166. Or you can easily visit our website for more information about car loan at Dialabank

Pre Calculated EMI Table for Car Loan Sangrur

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 Sangrur

Sangrur is a city in the Indian state of Punjab, India. It is the headquarters of  the Sangrur District.

At the 2011 census, Sangrur Municipal Council had a population of 88,043.

Car Loan EMI Calculator

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Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed.

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