Best Banks for Car Loan in Amritsar
Car Loan Amritsar Features
With lower interest rates and repayment tenure of up to 7 years, you can find the most suitable Car loan for your needs with the help of dial-a-bank. Save your valuable time. There is no need for frequent visits to any bank. We will assist you in getting the Best Loan to buy your dream car. You can take the loan amount for 80 percent of the Ex-showroom or on-road price of the car.
To avail of the best car loans in Amritsar, visit us at Dialabank.
What is a Car Loan?
A Car Loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They give important funding for buying a car which can be on Ex-Showroom Estimate or On-Road Price of the car. A car loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.
Car Loan Amritsar 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 Amritsar 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, Passport copy, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof: Driving license / Passport Copy / Ration card / Voters card / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Amritsar Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment
- Minimum Annual Income: Rs 1,00,000 net annual income
For Self-Employed:-
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: at smallest 3 years in the trade
- Minimum Annual Income: Net profit Rs. 60,000 p.a for normal cars and Rs.1,00,000 p.a. for mid-sized and superior cars
How to Apply for Car Loan in Amritsar?
Visit us at Dialabank.- Go to the loan section and press on the auto loan section.
- Fill out the application with details and present the information.
- We will contact you in a short period of time.
- For further information please contact 9878981166.
Apply for a Car Loan Now
Car Loan for Major Car Manufacturers in Amritsar
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Amritsar
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 Amritsar
You can check your CIBIL report to verify your credit score. The general range of score is from 300 to 900 but a score of 750 or more can get you a low Car Loan Interest Rate. However, the interest rate for a score of 650 to 750 which may provide a high-interest rate. If you have defaulted in your CIBIL report, or have a very low score, your application may be rejected.
The CIBIL score is based on your salary history over investments and credit cards. Keep your CIBIL score in order to conserve more money.
Car Loan Amritsar Contact Number
Consumers can reach us at 9878981166 to get particular car loan deals right from your home or can practice on our website Dialabank.
Pre Calculated EMI Table for Car Loan Amritsar
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 Amritsar
Amritsar, city, northern Punjab state, north-western India. Amritsar is the biggest and most famous city in Punjab and is a major advertisement, cultural, and transportation hub. It is also the center of Sikhism and the site of the Sikhs’ principal place of worship—the Harmandir Sahib, or Golden Temple.
Amritsar is a center for the textile and chemical industries and also engages in food milling and processing, silk weaving, tanning, canning, and the manufacture of machinery. The city lies on the main highway from Delhi to Lahore, Pakistan, and is a major rail hub. An airport is nearby. Amritsar is home to Guru Nanak Dev University, the leading educational center of the Sikhs
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator Amritsar
Other Car Loan Cities In Punjab
| Car Loan Sri Ganganagar | Car Loan Rawatsar |
| Car Loan Sikar | Car Loan Rajsamand |
| Car Loan Shahpura | Car Loan Phalodi |
| Car Loan Sangaria | Car Loan Pali |
