Car Loan Sheopur

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Car Loan Sheopur

Best Banks for Car Loan in Sheopur

Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
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
No prepayment is allowed until 12 EMIs are paid
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 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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