Car Loan Sikandrabad

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Best Banks for Car Loan in Sikandrabad

Feature	HDFC Bank	Private 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 Sikandrabad Features

Being an occupant of the main city like Gurgaon, having your own vehicle must be on your list of things to get. Yet, on the off chance that you don’t have the assets for it, you have gone to the opportune spot! Dialabank is here to help you to get vehicle advances for both spic and span and recycled vehicles, for both ex-showroom and on-street costs. With us, you can gain admittance to numerous highlights of vehicle advances in Gurgaon, for example, –

Car loans are available at low-interest rates, which may vary from bank to bank so make sure you compare and choose wisely!
Almost all major banks and NBFCs offer car loans in Gurgaon.
The documentation process is quick and hassle-free, so we can help you fulfill your dream with great efficiency.
Car loans are easily available through DialaBank.

Car Loan Sikandrabad 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
Private 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 Sikandrabad Documents Required

Documents required for car loan are as followed:

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: For Salaried– Latest 3-month salary slip with form 16
Residence Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Car Loan Sikandrabad Eligibility Criteria

car loan gurgaon

The car loan eligibility is as followed in Gurgaon:

SALARIED INDIVIDUALS

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

Minimum age: 30 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 2 years in business
Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars

How to Apply for Car Loan in Sikandrabad?

Availing a car loan in Gurgaon is an easy process with DialaBank. Just follow some steps to avail the best offers conveniently!

Visit our website
Click on the car loan option available in the menu
Fill in the details regarding the car type and your income
Wait as our relationship manager will soon get in touch with you on your provided number.
You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.

For availing a car loan offline you will have to visit the branch personally, which would have been hectic for you. So we decided to come to you online instead!

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Car Loan for Major Car Manufacturers in Sikandrabad

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Sikandrabad

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 Sikandrabad

The CIBIL score is alluded to as what characterizes your capacity to take care of your credits and depends on your reimbursement history. A higher Credit score implies a great financial record and makes your vehicle advance application measure smooth and simple to be prepared. Generally, banks and NBFCs consider a financial assessment of 750 or more as a decent score to endorse your credit application measure in Gurgaon. This score may again shift from bank to bank. CIBIL score is significant in such a case that it is lower than the necessary worth, you will be needed to pay a high rate of financing cost on the advance sum.

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Car Loan Sikandrabad Contact Number

In case of any queries regarding a car loan in Sikandrabad, you may contact us on the number 9878981166 for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Sikandrabad

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