Car Loan Sitapur

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Best Banks for Car Loan in Sitapur

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 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
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 Sitapur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: 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.

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 Sitapur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

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
Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 3 years in business
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
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 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