Car Loan Sitamarhi

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Car Loan Sitamarhi

Best Banks for Car Loan in Sitamarhi

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 Sitamarhi Features

car loan sitamarhiIf purchasing a car is your dream and you lack funds for it, then you have come to the right place. We provide you the best in market Interest rates and help you check your Eligibility. Get the best Car Loan with easy documentation and the Lowest EMIs.

Car Loan Sitamarhi 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
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 Sitamarhi Documents Required

Documents required for car loan are as followed:

For salaried:

  • Passport copy, PAN Card, Voters ID card, Driving License are required.
  •  Latest 3-month salary slip with form 16
  • Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  •  Last 6 months bank statement is necessary.

For self-employed:

  • Passport copy, PAN Card, Voters ID card, Driving License are required.
  •  Latest Income tax returns required as income proofs.
  • Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  •  Last 6 months bank statement is necessary.

Car Loan Sitamarhi Eligibility Criteria

The car loan eligibility criteria requirements are as followed:

For salaried:

  • Firstly, the borrower must be an Indian citizen.
  • Secondly, the minimum applicant age  21 yrs as well as older than 60 yrs at loan maturity to the avail car loan.
  • Thirdly, He/she must have a good annual income that properly demonstrates his/her capacity for loan repayment the amount he borrows.
  • Besides that,  the applicant must have secure employment working the current job status of one year as well as regular income in the account.
  • More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
  • Besides that, the borrower should have some source of income.
  • After that, the monthly income of the applicant should be Rs. 18k minimum
  • After that, the borrower should be from two years in employment as well as from 1 year in the same company.
  • Finally, CIBIL scores of the borrower should be more than 750.

For self-employed:

  • Firstly, the borrower must be an Indian citizen.
  • Secondly, the minimum applicant age  21 yrs as well as older than 60 yrs at loan maturity to the avail car loan.
  • Thirdly, He/she must have a good annual income that properly demonstrates his/her capacity for loan repayment the amount he borrows.
  • More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
  • Moreover, the borrower should be in the business for two years.
  • Finally, CIBIL scores of the borrower should be more than 750.

Car Loan for Major Car Manufacturers in Sitamarhi

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Sitamarhi

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 Sitamarhi

CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900. You will get quick car loan loan approval. If the CIBIL score is less than 700 then your application will be pending. Make sure you check your Cibil score before you apply for the loan. If you pay your EMIs in time then your CIBIL score will increase. If you do not repay your EMI your CIBIL score will be reduced. The applicant has to pay monthly EMIs according to there schedule of the bank.

A person should examine the information correlated to car loan interest rates before deciding on the avail car loan

Car Loan Sitamarhi Contact Number

For instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Sitamarhi

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

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