Car Loan Vadodara

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Car Loan Vadodara

Best Banks for Car Loan in Vadodara

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 Vadodara Features

Want to buy a car but don’t have the funds needed to buy it? A car loan is what you need. A car loan is a secured loan with easy repayment options available for the applicants. What you can make use of is a car loan. The amount of the loan is offered on interest charges which vary from lender to lender. You can use a car loan to purchase a new vehicle, as well as a used vehicle. Requirements for auto loans vary from lender to lender. So if you want to buy your dream car, get an instant car loan.

Car Loan Vadodara

Car Loan Vadodara 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 Vadodara Documents Required

Documents required for car loan are as followed:

For Salaried:-

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

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Income Proof: Latest ITR
  • Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

Car Loan Vadodara Eligibility Criteria

The car loan eligibility criteria requirements are as followed in Vadodara:

For Salaried:-

  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 1,00,000 net annual income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: at least 3 years in sales
  4. Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

How to Apply for Car Loan in Vadodara?

With Dialabank, it is simple to apply for a car loan in Junagadh. Just visit our Dialabank website and follow the steps below:

  • Click on the option to loan a car.
  • When needed, fill in the information, such as name, venue.
  • Click Send A Quote
  • Our car loan Relationship manager will soon contact you to assist you through the process further.

You can also apply for a car loan offline by visiting the nearest banks offering car loans. But that would limit your option to only a single offer. It would also require you to make multiple visits to the banks to get your loan approved. Thus, when you think of a car loan, Dialabank is your best option available.

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Car Loan for Major Car Manufacturers in Vadodara

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Vadodara

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 Vadodara

CIBIL score is a description of your past creditworthiness. So, consideration when making use of a car loan is an important aspect. The CIBIL score required for car loans may vary from lender to lender. Most banks accept a CIBIL score of 750 and above to process your car loan application. On the other hand, you pay heavy car loan interest rates on the loan amount in case of a low CIBIL score.

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Car Loan Vadodara Contact Number

For any queries regarding the car loan in Kishanganj, you may contact the number 9878981166. We are always there to help you out in smoothening the car loan process.

Pre Calculated EMI Table for Car Loan Vadodara

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 Vadodara

Vadodara is the third-largest town within the Indian state of Gujarat. It is the executive headquarters of the Vadodara District and is located at the banks of the Vishwamitri river, 141 kilometres (88 mi) from the country capital Gandhinagar. The railway line and NH eight that connect Delhi and Mumbai bypass thru Vadodara. The city was named due to the copious quantity of Banyan(Vad) timber present here. The city is likewise famous as Sanskari Nagari and Kala Nagari.

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Car Loan EMI Calculator Vadodara

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