Car Loan Sasaram

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
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Best Banks for Car Loan in Sasaram

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 Sasaram Features

Car Loan SasaramA car loan is financial funding provided by banks and NBFC’s to enable you to buy the car of your choice without any hesitation. It is not a difficult task nowadays availing for a car loan as numerous products have come into the market to cater to the needs of a buyer. Moreover, financial institutions also provide the service of used car loans which can be used for financing a used car if you want to buy a pre-owned car. Car Loans come at an affordable rate of interest and require minimal documentation and have a flexible repayment structure.

Car Loan Sasaram 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 Sasaram Documents Required

  1. Residential Proof: Water Bill/ Aadhar card/ Voter ID/ Passport Copy
  2. Identity Proof: Aadhar Card/ Driving License/ Passport Copy, etc.
  3. Income Proof: Last 3 months bank statements and salary slips for a salaried individual and recent ITR files for a self-employed individual along with necessary bank statements
  4. 2 recent passport size photographs

Car Loan Sasaram Eligibility Criteria

  1. The age limit for a car loan applicant is 21 to 65 years
  2.  A salaried applicant must have a minimum salary of Rs 25000.
  3. A salaried employee must be working in the current organization for at least a year.
  4. A Self-employed individual must have their business running from at least the past three years.

How to Apply for Car Loan in Sasaram?

Applying for a car loan is an easy and hassle-free process. The best way to apply for a car loan is by applying online.

  1. Visit our website DialaBank.
  2. Click on Car Loans on the homepage and fill in the necessary details
  3. You are required to submit the necessary documents to check your eligibility criteria in order to approve for a loan
  4. Provide your current contact number so that our executives can assist you further

There is also an offline method available for applying a car loan which requires the individual to physically visit the nearest branch office of the bank and perform the formalities.

Processing Fees & Prepayment Charges on Car Loan Sasaram

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 Sasaram

One of the most important aspects considered by the lending institutions while processing a loan application is the CIBIL score of the applicant. The CIBIL score or the credit score basically denotes the creditworthiness of an individual based on their previous loan lending and repayment behavior.

It is important that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may decline your opportunities for availing a fresh loan in the future.

Car Loan Sasaram Contact Number

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

Pre Calculated EMI Table for Car Loan Sasaram

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 Sasaram

Sasaram is city in the state of Bihar which is popularly known as the Bowl of Rice. Large scale cement, fertilizer, and stone chipping production takes place in the city. The place is culturally and religiously rich. Bhojpuri, Hindi, Urdu, and English are some of the major languages spoken around in the city.

Special Note: Banks do not provide Car Loans to applicants with poor credit behaviour, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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