Best Banks for Car Loan in Unnao
Car Loan Unnao Features
A car loan is financial help that banks and other lending institutions provide to fulfill your dream of having your car. They provide the necessary financing to buy a car that can be on the car’s Ex-Showroom Price or On-Road Price. Car loan is a secure loan with easy options for repayments. The amount of the loan is offered at interest charges that vary from bank to bank. In easy installments, one can pay for the vehicle.
Car Loan Unnao Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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
Car Loan Unnao Documents Required
Documents required for car loan are as followed:For salaried individuals:
- Identity proof- passport copy, PAN Card, Voters ID card, Driving license of the applicant
- Income proof- Latest 3-month salary slip with form 16 of the applicant
- Address proof- Ration card/Driving license/Voters card/Passport copy/Telephone Bill/Electricity Bill/Life Insurance Poicy/PAN Card of the applicant
- Bank statement of the last 6 months of the applicant
For self-employed individuals:
- Identity proof- passport copy, PAN Card, Voters ID card, Driving license of the applicant
- Income proof- Latest Income Tax Report of the applicant
- Address proof- Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
- Bank Statement of the last 6 months of the applicant
Car Loan Unnao Eligibility Criteria
The car loan eligibility requirements are as followed:For salaried individuals:
- The applicant should have a minimum age of 21 years and a maximum of 65 years old
- The individual should be at least 1 year in current employment and a minimum of 2 years of employment
- The individual should have Rs. 100,000 net annual income
For self-employed individuals :
- The applicant should have a minimum age of 21 years and a maximum age of 65 years old
- The individual should be at least 3 years in business
- They should have a net profit of Rs.60,000 p.a. for standard cars and Rs.100,000 per annum for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Unnao
TABLE WILL APPEARProcessing Fees/Prepayment Charges on Car Loan in Unnao
| 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 Unnao
Apply for a Car LoanEach lending institution has its criteria for the minimum CIBIL score required to process the Car Loan Unnao application in order to minimize the risk of lending to you and also if your CIBIL score is low you get a high-interest rate than others. Most institutions require a minimum CIBIL score of 750 or above to process your application for a loan.
Having a good CIBIL score also helps to get loans at a lower interest rate. The institutions are not only looking at the overall score but also the detailed behavior taken on previous loans. This includes details regarding the type of loan received and the amount borrowed. Any overdue payments for previous loans will serve as a deterrent to making a fresh loan available to you.Car Loan Unnao Contact Number
You can get a best car loan Unnao easily from Dialabank by contacting the number 9878981166.
Pre Calculated EMI Table for Car Loan Unnao
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
About Unnao
Unnao is the headquarters of Unnao district in Uttar Pradesh, India between Kanpur and Lucknow. Unnao is a large industrial city with three industrial suburbs around it. The city is famous for its leather, mosquito net, Zardozi and chemical industries
FAQs about Car Loan Unnao
✅ Can I get a loan to purchase a used car in Unnao?
Yes, you have to use your credit history and previous arrangement with the prospective bank or any other lender in Unnao to negotiate the interest rate on your car loan. Regularly paying your past loans/credit cards EMI with your prospective bank or any other lender will help you get a car loan with a lower interest rate.✅ What is the typical tenure of a car loan in Unnao?
A car loan can last anywhere between one to five years. The higher the EMI, the shorter your loan term, and the opposite is valid for longer car loan terms. Currently, only limited lenders are offering car loans on terms of up to seven years in Unnao.✅ Do I need a loan guarantor or co-borrower in Unnao?
If you are unable to meet the lending institution’s eligibility standard, such as monthly salary, age, or credit score, a loan guarantor or co-borrower is required. You can even apply for a car loan of your own.Other Cities For Car Loan In Uttar Pradesh
| Car Loan Sirsi | Car Loan Saharanpur |
| Car Loan Shamli | Car Loan Rudauli |
| Car Loan Shikohabad | Car Loan Renukoot |
| Car Loan Sahibabad | Car Loan Raebareli |
