Car Loan Vasai

Best Banks for Car Loan in Vasai

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 Vasai Features

car loan vasaiA car loan is the form of financial help and assistance provided by banks and NBFC’s to fulfill your dream of having your car. They provide the required funding for purchasing a car, whether a new one or used, which can be on Ex-Showroom Price or On-Road Price of the car. A Car loan is a secured form of a loan with easy repayment options in the form of installments. Availing a car loan is easy provided you have the required necessary documents and you fulfill the required eligibility criteria.

Usually, banks offer you a loan on the Ex-showroom price of the car but in case you want a loan of the On-road price it will require certain requirements to be fulfilled. We offer you the best deals available across several banks and NBFCs so that you can choose the right one for yourself.

The features of a car loan in Vasai are:

  • Easy documentation
  • Lowest interest rates available
  • Fast disbursal
  • Car loans are secured in nature
  • Instant approval of loan application on applying with Dialabank

Car Loan Vasai 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 Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

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Car Loan Vasai Documents Required

Documents required for car loan are as followed:

For Salaried Employees

  1. 2 passport size photocopies are necessary.
  2. Proofs like PAN Card, Voters ID card, Driving License are required.
  3. For Salaried– Latest 3-month salary slip with form 16.
  4. Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  5.  The last 6 months’ bank statement is needed.

For Self Employed

  1. 2 passport size photocopies are necessary.
  2. Proofs like PAN Card, Voters ID card, Driving License are required.
  3. For Self Employed- Latest Income tax returns required.
  4. Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
  5.  The last 6 months’ bank statement is needed.

Car Loan Vasai Eligibility Criteria

The car loan eligibility requirements are as followed:

Salaried Individuals:

  1. The age should be a minimum of 21years.
  2. He/she should not be more than 60 years to avail a car loan.
  3. A CIBIL score of 750 and above is a must.
  4. He/she should have been working for a minimum of 1 year in current employment and a previous minimum of 2 years of employment
  5. He/she should be earning a minimum of Rs 100000 per year

Self-employed Individuals:

  1. The age should be between 30-65 years to avail of a car loan.
  2. A CIBIL of 750 and above is required.
  3. At least 3 years of working business.
  4. A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Car Manufacturers in Vasai

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Vasai

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 Vasai

CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan. The CIBIL score required for car loans may vary from one lender to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In the case of low CIBIL score, you might be required to pay a heavy interest rate on the loan amount.

Car Loan Vasai Contact Number 

Apply for a Car Loan

For any queries related to a car loan in Vasai kindly contact on the number 9878981166. You can also contact us on our website for further information at Dialabank

Pre Calculated EMI Table for Car Loan Vasai

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 Vasai

Vasai is popularly known as Vasai–Virar is a city and tehsil in the Konkan division of Maharashtra state in western India, constituting the most populated part of Palghar district and is also an important part of Mumbai Metropolitan Region. According to the 2011 census, it is the fifth-largest city of Maharashtra state.

Car Loan EMI Calculator

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