Car Loan Shajapur

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Major Car Loan Providers in Shajapur

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 Shajapur FeaturesCar loan Shajapur

If purchasing a car is your dream and you do not possess enough funds for it, then you have reached the right place. We provide you with the best in market Interest rates and help you check your Eligibility. Get the best Car Loan with easy documentation and the Lowest EMIs.

We provide interest rates on car loans starting at 8.1% per annum to both salaried as well as self-employed individuals.

Features of car loan in Shajapur are:

  • Up to 90-95%% of the funding available for new cars
  • Up to 80-85%% of the funding available for used cars
  • The loan period is usually between 1 to 7 years.
  • The interest rate is calculated of compound interest.
  • Equated Monthly Installment is worked out for repayment.
  • Early settlement of the pending amount is available subject to the pre-payment penalty.

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

Car Loan Shajapur Documents Required

Essential Documents required in Shajapur for Car Loan:

For Salaried Employees

  1. Identity Proof required is a copy of Passport, PAN Card, Voters ID card, Driving License
  2. Income Proof For Salaried persons is the Latest 3-month salary slip with form 16
  3. Address Proof required is one of the following: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. And the Bank Statement of the Last 6 months is required.

For Self Employed

  1. Identity Proof required is a copy of Passport, PAN Card, Voters ID card, Driving License
  2. Income Proof for Self Employed persons is the Latest ITR of the applicant
  3. Address Proof required is one of the following: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
  4. And the Bank Statement of the Last 6 months of the applicant.

Car Loan Shajapur Eligibility Criteria

For Salaried Employee

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment is mandatory
  4. Minimum Annual Income: For Salaried Rs 100000 net annual income is necessary.

For Self Employed

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment:– at least 3 years in business
  4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars in Shajapur

Car Loan for Major Car Manufacturers in Shajapur

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Shajapur

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 Shajapur

CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.

Car Loan Shajapur Contact Number

You can contact on 9878981166 to get exciting offers on car loans in Shajapur. Or for further assistance, you can also visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Shajapur

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 Shajapur

Shajapur is a district in the Malwa region in the state of Madhya Pradesh in central India. It is situated on the Ratlam Plateau. Hindi and English are used as the common medium of communication in Shajapur.

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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