Car Loan Sultanpur

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Car Loans in Sultanpur

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 Sultanpur Features

Car loan Sultanpur

A car is no more a luxury. It has become the necessity of life. An Auto Loan is a scheme that helps a person to fulfill the dream of buying a vehicle. It enables the person to acquire the vehicle without having the entire amount available at one go, at the time of purchase.

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. Car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.

Features of car loan Sultanpur are:

  • Easy monthly repayment options
  • Instantly available
  • Loan Tenure period varies from 1-7 years
  • Affordable interest Rates
  • No hidden charges
  • Quick approval with minimum documentation

Car Loan Sultanpur 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
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Personal Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Sultanpur Documents Required

Apply for a Car Loan

For salaried:

  • Identity proof- Passport copy, PAN Card, Voters ID card, Driving license
  • Income proof- Latest 3-month salary slip with form 16
  • Address proof- Ration card/Driving License/Voters card/Passport copy/Telephone Bill/Electrictiy Bill/ Life Insurance Policy/PAN Card
  • Bank statement of the last 6 months

For self-employed:

  • Identity proof- Passport copy, PAN Card, Voters ID card, Driving license
  • Income proof- Latest ITR
  • Address proof – Ration card/Driving license/Voters Card/Passport copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN card
  • Bank statement of the last 6 months

Car Loan Sultanpur Eligibility Criteria

For salaried:

  • The minimum age to apply for a loan is 21 years and a maximum age of 65 years
  • The applicant should be at least 1 year in current employment and a minimum of 2 years of employment
  • The net annual income should be Rs. 100,000

For self-employed:

  • The minimum age to apply for a loan is 21 years and a maximum age of 65 years
  • The applicant should be at least 3 years in business
  • The net profit should be Rs.60,000 p.a for standard cars and Rs.100,000 p.s for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Sultanpur

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Sultanpur

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 Sultanpur

Apply for a Car Loan

CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900, you will get quick loan approvals. 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 be increased. 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.

Car Loan Sultanpur Contact Number

For any sort of assistance regarding the car loan Sultanpur, you can drop us a call on 9878981166.

Pre Calculated EMI Table for Car Loan Sultanpur

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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