Best Banks for Car Loan in Zirakpur
Car Loan Zirakpur Features
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 |
Private 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
Car Loan Zirakpur Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- 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 / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest Income Tax Return
- Address Proof: Passport Copy / Telephone Bill / Electricity Bill / Ration card / Driving license / Voters card / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Zirakpur Eligibility Criteria
The car loan eligibility requirements are as followed in Zirakpur:
For Salaried Individuals:
- Minimum age: 21 years
- Minimum employment: 1 year in the current place of work and 2 years of total employment.
- Minimum Annual Income: Rs 100000 net annual income.
- Maximum age at loan maturity: 65 years
For Self Employed Individuals:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: A minimum of 3 years in business.
- 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 APPEARProcessing Fees & Prepayment Charges on Car Loan Zirakpur
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
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.
Apply for a Car LoanCar 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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