Car Loan Sheopur

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Best Banks for Car Loan in Sheopur

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 Sheopur Features

car loan sheopur

If you are a resident of Sheopur and want to own your dream car but don’t have the funds for it, you have come to the right place! Dialabank is here to help you get a car loan with great convenience for both brand-new and second-hand cars, and for both ex-showroom and on-road prices.

We at Dialabank offer easy car loans to both self-employe and salaries applicants. We not only assist you to raise funds but also help you to research and find your own dream car. Whether new or pre-owned, apply for a Car Loan today with us!

In Sheopur, you can get access to a wide range of appealing features when it comes to a car loan:

Car loans are available at low-interest rates, which may vary from one bank to the other
Almost all major banks and NBFCs offer car loans in Sheopur
The documentation is a quick and hassle-free process with us
Car loans are easily available through DialaBank

Car Loan Sheopur Interest Rates

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

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Car Loan Sheopur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest three month’s salary slip with form no. 16
Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last six months.

For Self Employed Individuals:

Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest ITR
Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Car Loan Sheopur Eligibility Criteria

The car loan eligibility requirements are as followed in Sheopur:

For Salaried Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum Annual Income: Rs.100000 net annual income
Minimum employment: One year in current employment and a minimum of two years of total employment needed

For Self-Employed Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum Annual Income: Net profit of Rs. 60000 per annum for standard cars and Rs.100000 per annum for middle-sized and premium cars
Minimum employment: At least three years in business operation

Car Loan for Major Car Manufacturers in Sheopur

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Sheopur

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
Prepayment Charges	>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 Sheopur

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy, on the other hand, a lower score might charge you a higher interest rate. Mostly, banks and NBFCs consider a credit score of 750 or above as a good score to approve your loan application process in Sheopur. This score may again vary from bank to bank. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Sheopur Agent Contact Number

In case of any queries regarding the car loan in Sheopur, you may reach us at the number 9878981166 or visit our website Dialabank for any sort of personalised assistance!

Pre Calculated EMI Table for Car Loan Sheopur

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 Sheopur

About Sheopur

Sheopur is located in the state of Madhya Pradesh. The town is well-known for its wood carving and is blessed with many beautiful tourist attraction spots including the Baroda fort, the Manpur Fort, the Banjara Dam, the Sahariya Museum, etc. Some of the main locations are Vijaipur and Karahal. A major tourist attraction is the Palpur wildlife sanctuary. The art of woodcarving has flourished in Sheopur and the beautifully embellished wooden ceilings, lintels and doors with finely carved designs are silent testimonials of the glory of this place.

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