Best Banks for Car Loan in Bahraich
Feature
HDFC Bank
Private 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
Car Loan Bahraich Features
Do you have a dream car in mind but don’t have enough funds? Would you like to own a personal car to fulfill your important needs? Apply for an attractive interest rate auto loan in Bahraich to fulfill your dream of owning a car.
A car loan is a form of secured loan that, however, allows a person to make use of to buy a new or used vehicle. In this case, collateral security is the vehicle that a person wants to buy and is taking out a loan for.
- Easy options for monthly refund
- Disponible immediately
- Loan Service period ranges between 5 and 7 years
- Prices of affordable value
- Loans are easy and quick to obtain
- No secret allegations
Car Loan Bahraich 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 Bahraich 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
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: – Latest ITR reports.
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Bahraich Eligibility Criteria
It is important to fulfill the following car loan eligibility in Bahraich as follows:
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 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Bahraich
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan in Bahraich
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 Bahraich
CIBIL score is an essential criterion for availing a car loan based on which the banks and NBFCs approve a car loan to any customer. The minimum requirement of a CIBIL score for a car loan in Bahraich varies from bank to bank. Generally, a score above 750 is considered to be a good score for any individual to be eligible to apply for a car loan in the city.
It is necessary to clear all previous pending duties and debts before using a car loan in order to retain a good credit score. Default in your credit score could hamper your future chances for a fresh loan.
Car Loan Bahraich Contact Number
To get an instant car loan in Bahraich you can visit our website or call on 9878981166 to get personalized assistance.
Pre Calculated EMI Table for Car Loan Bahraich
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
We are offering a tool to understand the EMI structure. You can calculate your EMI here: Car Loan EMI Calculator
Car Loan EMI Calculator
Online Car Loan EMI Calculator
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