Car Loan Satna

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Car Loan Satna

Best Banks for Car Loan in Satna

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 Satna Features

Car loan SatnaHave a dream car in mind but don’t have sufficient finance? Want to own a personal car that can fulfill your essential need? Apply for car loan Satna at affordable best interest rates.

A car loan is a type of secured loan that an individual can avail to buy a new or a used car, however, required. The collateral security, in this case, is the car a person wants to buy which means the loan amount is provided against the car. Some of the features of car loan as follows:

  • Instantly available
  • Loan Tenure period varies from 5-7 years
  • Affordable  car loan interest Rate
  • Easily and quickly available loans
  • No hidden charges

Car Loan Satna 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 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

Apply for a Car Loan

Car Loan Satna Documents Required

Documents required for car loan are as followed:

For salaried:

  • Identity Proof: Aadhar Card/ Driving License/ Passport Copy, etc. are majorly accepted
  • Income Proof: Previous 3 months bank statements and salary slips
  • Address Proof: Permanent address proof like Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  • Photograph: 2 recent passport size photographs

For self-employed:

  • Identity Proof: Aadhar Card/ Driving License/ Passport Copy, etc. are majorly accepted
  • Income Proof: recent ITR files are considered for a car loan
  • Address Proof: Permanent address proof like Water Bill/ Telephone bill/ Voter ID/ Passport Copy
  • Photograph: 2 recent passport size photographs

Car Loan Satna Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

  • The age limit for availing a car loan among 21 to 65 years
  • The person must be working in the current organization for at least a year.
  • A Self-employed individual must have his business running from at least the previous three years.

For self-employed:

  • The age limit for availing a car loan among 21 to 65 years
  • A Self-employed individual must have his business running from at least the previous three years.
  •  An employed individual must have a minimum salary of Rs 25k to avail of a car loan.

Car Loan for Major Car Manufacturers in Satna

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Satna

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 Satna

Apply for a Car Loan

CIBIL score is an essential criterion for availing a car loan based on which the banks and NBFCs approve a car loan to any customer. The minimum requirement of a CIBIL score for a car loan Satna varies from bank to bank. Generally, a score above 750 is considered to be a good score for any individual to be eligible to apply for a car loan in the city.

It is important that one should clear all the previous pending dues and debts in order to maintain a good credit score, before availing a car loan. Default in your credit score will act as a hurdle in your opportunities for availing a fresh loan in the future.

Car Loan Satna Contact Number

To get an instant car loan Satna you can visit our website or call on 9878981166 to get personalized assistance.

Pre Calculated EMI Table for Car Loan Satna

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

Online Car Loan EMI Calculator

About Satna

Satna is a major city in the Indian state of Madhya Pradesh. It serves as the headquarters of Satna district. It is 6th most largest city and 8th most populous city of the state. The city is 500 km east of the state capital Bhopal. The city is distributed over a land area of 111.9 square kilometres

car loan

FAQs about Car Loan Satna

✅ Can I get a loan to purchase a used car in Satna?

Yes, you have to use your credit history and previous arrangement with the prospective bank or any other lender in Satna to negotiate the interest rate on your car loan. Regularly paying your past loans/credit cards EMI with your prospective bank or any other lender will help you get a car loan with a lower interest rate.

✅ What is the typical tenure of a car loan in Satna?

A car loan can last anywhere between one to five years. The higher the EMI, the shorter your loan term, and the opposite is valid for longer car loan terms. Currently, only limited lenders are offering car loans on terms of up to seven years in Satna.

✅ Do I need a loan guarantor or co-borrower in Satna?

If you are unable to meet the lending institution’s eligibility standard, such as monthly salary, age, or credit score, a loan guarantor or co-borrower is required. You can even apply for a car loan of your own.

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