Best Banks for Car Loan in Babina
Feature
|
HDFC Bank
|
Private 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 Babina Features
Having a dream of purchasing your car? But don’t have enough funds? Don’t worry. A Car Loan is the right solution for you. Dialabank financial services help customers to compare, analyze, and choose the best loans available in the market across several financial institutions.
Almost all the major lending institutions and banks provide car loans at an attractive interest rate without much paperwork. Other than a brand new car, you can also purchase a preowned car or used car using a used car loan that is offered by numerous financial institutions. Get best offers on car loans only on applying with DialaBank.
Car Loan Babina 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 Babina Documents Required
Documents required for car loan are as followed:
For Salaried Employee
- ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
- Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
- Income Proof: Previous 3 months salary slips or Form 16 of the applicant.
- Recent passport size photographs-2 are required.
For Self Employed
- ID Proof: Aadhar Card/ Driving License/ Pan Card/ Passport Copy, etc.
- Proof of Address: Water Bill/ Voter ID/ Telephone bill/ Passport Copy
- Income Proof: Recent tax return files for a self-employed individual
- Recent passport size photographs-2 are required.
Car Loan Babina Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried Employees
- The minimum age for applying a car loan is 21 years and 25 years.
- A salaried employee must be working in the current organization for at least a year.
- Rs 25000 monthly income is a must for a salaried employee
For Self Employed
- The minimum age for applying a car loan is 21 years and 25 years.
- In case the individual is a businessman then, their business must be operational and yield profit from at least the past three years.
Car Loan for Major Car Manufacturers in Babina
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Babina
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 Babina
Banks and NBFCs consider CIBIL score as an important criterion before approving for a loan. It signifies the creditworthiness of any individual. The minimum CIBIL score requirement for financing a car vary from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.
The credit history of any applicant must be free of any pending dues or debts to avoid any inconvenience in applying for a loan. Hence, it is advisable to check your credit score beforehand itself and rectify and correct the dues to ensure a smooth loan approval process.
Car Loan Babina Contact Number
To avail instant car loans you can visit our website DialaBank or feel free to call on 9878981166. Our employees are always ready to assist you.
Pre Calculated EMI Table for Car Loan Babina
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
You can calculate your EMI here: Car Loan EMI Calculator
About Babina
Babina is a cantonment town in Jhansi district in the state of Uttar Pradesh, India. It is said that Babina is the acronym for British Army Base in North Asia. The British base near Jhansi was created during the British Raj and passed to the Dominion of India on partition in 1947. Rajeev Singh Parichha is MLA of Babina constituency.
As of the 2011 Census of India,[3] Babina had a population of 35,165.
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
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