Best Banks for Car Loan in Ballia
Car Loan Ballia Features
A car loan is financing issued by banks and NBFC’s to allow you to buy the car of your choice without hesitation. Nowadays, it is not a daunting task to avail of a car loan, as multiple items have entered the market to meet a buyer’s needs. In addition, financial institutions also provide the usual car loan service that can be used to finance a used car if you want to buy a pre-owned car. Car loans come at a reasonable interest rate and require limited paperwork and have a flexible framework for repayments.
Car Loan Ballia 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 Ballia 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 Ballia Eligibility Criteria
It is important to fulfill the following car loan eligibility in Ballia 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 Ballia
TABLE WILL APPEAR Apply for a Car LoanProcessing Fees & Prepayment Charges on Car Loan in Ballia
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 Ballia
The applicant’s CIBIL score is one of the most important aspects considered by the lending institutions while processing a loan request. The CIBIL score or credit score basically denotes an individual’s creditworthiness based on their prior behavior in lending and repayment.
It is important that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may decline your opportunities for availing a fresh loan in the future.
Car Loan Ballia Contact Number
To get an instant car loan you can visit our website DialaBank or call on 9878981166 to get assistance free of cost. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.
Apply for a Car LoanPre Calculated EMI Table for Car Loan Ballia
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
To ease out the EMI structure you can calculate your EMI here: Car Loan EMI Calculator
Car Loan EMI Calculator
About Ballia
Ballia district is one of the districts of Uttar Pradesh, India. Ballia district is a part of Azamgarh division situated in the east of Uttar Pradesh. The main economic activity is agriculture. City is the district headquarters and commercial market of this district.
FAQs about Car Loan Ballia
✅ Can I get a loan to purchase a used car in Ballia?
Yes, you have to use your credit history and previous arrangement with the prospective bank or any other lender in Ballia to negotiate the interest rate on your car loan. Regularly paying your past loans/credit cards EMI with your prospective bank or any other lender will help you get a car loan with a lower interest rate.✅ What is the typical tenure of a car loan in Ballia?
A car loan can last anywhere between one to five years. The higher the EMI, the shorter your loan term, and the opposite is valid for longer car loan terms. Currently, only limited lenders are offering car loans on terms of up to seven years in Ballia.✅ Do I need a loan guarantor or co-borrower in Ballia?
If you are unable to meet the lending institution’s eligibility standard, such as monthly salary, age, or credit score, a loan guarantor or co-borrower is required. You can even apply for a car loan of your own.Other Cities with the Car loan:
| Car Loan Kashipur | Car Loan Purulia |
| Car Loan Suri | Car Loan Pandua |
| Car Loan Ranaghat | Car Loan Madhyamgram |
| Car Loan Rampurhat | Car Loan Islampur |
