Car Loan Sitapur

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Car Loan Sitapur

Best Banks for Car Loan in Sitapur

Feature HDFC Bank ICICI 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 Sitapur Features

Car Loan Sitapur

If you are a resident of Sitapur, you can easily apply for a car loan to various banks and NBFCs at flexible tenures, for both brand new ones and second-hand ones. Loans are offered for both ex-showroom and on-road prices at attractive interest rates, making it convenient for you to fulfil your dream of having your own car. According to the model and type of car you wish to purchase, Loans vary. Choose the right bank, avail the loan, and drive away! You can get certain features such as:

  • Car loans may vary from bank to bank and are available at Lowest Car Loan Interest Rate.
  • In your vicinity, almost all major banks and NBFCs offer car loans in Sitapur.
  • The documentation process is quick and hassle-free
  • Car loans are easily available through DialaBank

Car Loan Sitapur 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 Sitapur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Sitapur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

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

For Self-Employed Applicants

  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 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Sitapur

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Sitapur

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 Sitapur

The CIBIL score is referred to as your ability to pay off your credits.

While 650 comes close to a poor rating, it is often considered as a ‘fair’ score. To get your loan sanctioned easily, it is advisable to have a score of 750 and above. This score depends on your credit history and is negatively impacted if you fail to pay your EMIs. This score may again vary from bank to bank

Car Loan Sitapur Contact Number

For more information, dial-up at 9878981166 to contact us and get the best advice for your car loan!

Pre Calculated EMI Table for Car Loan Sitapur

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 Sitapur

Sitapur is located in the state of Uttar Pradesh. It is famous for its historical and religious heritage. It was here that the Puranas were written by Rishi Ved Vyas. Some of the tourist attractions include the Sarayan river, the Sarojini Vatika park, and the Kali Mata temple. Its population is around 1.8 lakhs

Car Loan EMI Calculator

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