Car Loan Saran

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Rates as low as 8.50%*
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Best Banks for Car Loan in Saran

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 Saran Features

Thinking of buying your luxurious dream car? But don’t have enough money for it? Worry not! DialaBank has you covered through a car loan in Saran. A car loan is a means of funding your dream car provided by banks and NBFCs to applicants at an affordable rate of interest throughout the country to cater to your needs. Since the cost of cars is growing rapidly daily a car loan is very important and fulfills your desire to be the owner of a luxurious car. The main features of a car loan in Saran are:

car loan saran

  • Car loans in Saran are available at low-interest rates
  • Car loans are easily available through DialaBank
  • Almost all major banks and NBFCs offer car loans
  • The documentation process is quick and hassle-free

Car Loan Saran 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
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 Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Saran Documents Required

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

  1. Identity Proof which you need to have: PAN Card, Voters ID card, Passport copy, Driving License
  2. Income ProofFor Salaried which you need to have– Latest 3-month salary slip with form 16
  3.  For Self Employed which you need to have- Latest Income Tax Report
  4. Address Proof which you need to have: Ration card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/Driving license/Voters card/PAN Card
  5. Bank Statement which you need to have: Last 6 months bank statement

Car Loan Saran Eligibility Criteria

The car loan eligibility requirements are as followed in Saran:

  1. The minimum age requirements are 21 years for salaried individuals and 30 years in case of a self-employed
  2. The applicants should not be more than 60 and 65 years for salaried and self-employed respectively as at the time of the completion of the loan tenure.
  3. The salaried individuals should have a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past / For Self Employed- at least 3 years in operating business
  4. Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for 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 Saran

How to Apply for Car Loan in Saran?

Availing a car loan Saran is an easy process with DialaBank. Follow the following steps to avail the best offers of the year:

  • Visit our website i.e dialabank.com
  • Click on the car loan option available in the menu of the loans page
  • Fill in all the details required regarding the car type and your income and other details
  • Wait as our relationship manager will soon get in touch with you regarding your loan application on your provided number
  • You may also contact our relationship managers on the number 9878981166 regarding any query of a car loan
  • For availing a car loan in Saranoffline you will be required to visit the nearest branch personally and check on the rates available that might consume a lot of time.

Processing Fees & Prepayment Charges on Car Loan Saran

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 Saran

CIBIL score also known as credit score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan in Saran. The CIBIL score required for car loans, according to their own requirements may vary from one lender to another.

Most banks or NBFCs accept a CIBIL score of 750 and above to process your car loan application in the city. In case of a low CIBIL score, you might also be required to pay a heavy interest rate on the amount of the car loan.

Car Loan Saran Contact Number

In case of any queries regarding the car loan in Saran, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Saran

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 Saran

Saran region is one of the thirty-eight locales of Bihar state, India. The region, some portion of Saran Division, is otherwise called Chhapra area after the base camp of the region, Chhapra.

Car Loan EMI Calculator

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