Car Loan Zirakpur

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Car Loan Zirakpur

Best Banks for Car Loan in Zirakpur

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 Zirakpur Features

car loan zirakpur

If you want to apply for a car loan but are confused about the documents required, the eligibility criteria and other information, Dialabank is here for you. We can help get you the best offer a car loan with great convenience, a smooth process, and in record time. In Zirakpur, you can get access to a wide range of appealing features  when it comes to a car loan:

  • Car loans are available at low-interest rates and affordable EMIs, which may vary from bank to bank.
  • Loans are available for both on-road ad ex-showroom prices.
  • Almost all major banks and NBFCs offer car loans in Zirakpur in your vicinity.
  • Full funding is available for new cars, and up to 85% for used ones.

Car Loan Zirakpur 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 Zirakpur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

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

Car Loan Zirakpur Eligibility Criteria

The car loan eligibility requirements are as followed in Zirakpur:

For Salaried Individuals:

  1. Minimum age: 21 years
  2. Minimum employment:  1 year in the current place of work and 2 years of total employment.
  3. Minimum Annual Income: Rs 100000 net annual income.
  4. Maximum age at loan maturity: 65 years

For Self Employed Individuals:

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: A minimum of 3 years in business.
  4. Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

How to Apply for Car Loan in Zirakpur?

Availing a car loan Zirakpur is an easy process with Dialabank. Just follow some steps to avail the best offers:

  • Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
  • You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
  • For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online!

Car Loan for Major Car Manufacturers in Zirakpur

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Zirakpur

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 Zirakpur

The CIBIL score is referred to as what defines your ability to pay off your credits. A higher Credit score means good credit history and makes your car loan application process smooth and easy, on the other hand, a lower score might charge you a higher interest rate.

Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Zirakpur. If you have a low credit score, do not panic. The fastest way to improve it is to avail short term low-amount loans and paying them on time, or you can show some rented utilities under your name to show that you are punctual in your payments.

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Car Loan Zirakpur Contact Number

Dial us up at +919878981166 to get more information about car loans at Zirakpur and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.

Pre Calculated EMI Table for Car Loan Zirakpur 

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 Zirakpur

Zirakpur is located in the state of Punjab, on the foothills of the Shivakil. Its tourist attractions include MC zoological park, Sukhna Lake, Gurudwara Sri Baoli Sahib and many more. It also acts as a gateway between Chandigarh and Delhi. Its population is around a lakh.

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