Major Car Loan Providers in Baddi
Car Loan Baddi Features
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. Necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car is provided by them. With easy repayment options Car Loan is a secured loan. The loan amount is offered from bank to bank where interest charges may vary. One can pay for the vehicle in easy installments.
Features of car loan in Baddi are:
- Up to 90-95% of the funding available for new cars
- Funding available for used cars is up to 80-85%.
- 1 to 7 years is the usual loan period.
- The interest rate is calculated on the basis of compound interest.
- Equated Monthly Instalment is worked out for repayment.
- The available subject to the pre-payment penalty is the early settlement of the pending amount.
Car Loan Baddi Interest Rates
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 Baddi Documents Required
A person should review the documents required for car loan before making a decision.
For Salaried Individuals:
- Proof of Identity: Passport copy, Voters ID card,PAN Card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Residence 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:
-
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Baddi Eligibility Criteria
To obtain the loan amount, a person must meet the Eligibility criteria for car loan.
For Salaried Applicants
- 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.100000 net annual income
For Self-Employed Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: At least 3 years in business
- Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Baddi
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Baddi
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 Baddi
CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.
A very low CIBIL score might lead to rejection of your loan as it is the first thing a bank tracks before processing your loan.
Car Loan Baddi Contact Number
For any queries regarding the car loan in Baddi, you can drop us a call at 9878981166
Pre Calculated EMI Table for Car Loan Baddi
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 Baddi
In the Southwestern Solan district, Himachal Pradesh Baddi is an industrial town and a Nagar Panchayat.
On the border of Himachal Pradesh and Haryana states in the Shivalik this town lies.It is a big hit among tourists seeking tranquillity and peace.
Baddi travel guide is full of references to the mesmerizing sceneries and serene spots. Baddi is undeniably a very wonderful city to plan your holidays with your loved ones.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfil their money requirement with Gold Loan easily.
Car Loan EMI Calculator
Car Loan EMI can be figured by the Car advance EMI Calculator gave by Dialabank. It is permitted to use and you can use it for n number of times. Compared Monthly Installments(EMI) is the month to month fixed charges that you pay to the bank as month to month repayment for the development entirety procured. Taking into account the profile, the financing cost on the development is settled. EMI is resolved subject to the Interest Rate you are charged by the bank and the proportion of advance you need to take and the period for which you like the vehicle credit.
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