Car Loan Shahjahanpur

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Car Loan Shahjahanpur

Best Banks for Car Loan in Shahjahanpur

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate (p.a.)
7.35 - 7.95%
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 Shahjahanpur Features

Car loan ShahjahanpurWant to buy a new automobile? Running short on Cash? Not to worry now. A car loan is a best and convenient manner to finance your car at a low-cost and require minimum documentation. The eligibility criteria aren’t also stringent in comparison to the other loans. If a character has a strong source of earnings and essential files, then the banks and NBFCs provide automobile loans easily with none trouble. Here you go with easy steps towards your desire to own a car in Shahjahanpur.

Car Loan Shahjahanpur 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 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

Car Loan Shahjahanpur Documents Required

Documents required for car loan are as followed:

For Salaried Employee

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

For Self-Employed

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

Car Loan Shahjahanpur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

  1. The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
  2. The minimum age requirements are 21 years.
  3. The applicants should not be more than 60 and 65 years at the time of completion of tenure
  4. 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 Shahjahanpur
  5. Minimum Annual Income: For such applicants, Rs 100000 net annual income is important to mention.

For Self Employed

  1.  At least 3 years in operating business is mandatory
  2. The minimum age requirements are 30 years for the applicant
  3. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
  4. 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 Shahjahanpur.
  5.  Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars

Car Loans for Car Manufacturers in Shahjahanpur

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Shahjahanpur

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 Shahjahanpur

CIBIL score is an important criterion 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 is different for every lending institution. Generally, a CIBIL score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.

 One must clear all the pending dues and debts to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh car loan in the future.

Car Loan Shahjahanpur Contact Number

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To get the best offers for a car loan you can visit Dialabank or call on 9878981166. Our relationship managers are well trained to offer personalized assistance with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Shahjahanpur

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 Shahjahanpur

Shahjahanpur district is one of the ancient districts of Uttar Pradesh in the Republic of India. It is a part of the Bareilly district that’s situated in the south-east of the Rohilkhand division. It was mounted in 1813 using the British authorities.

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

Car Loan EMI Calculator

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