Car Loan Begusarai

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Best Banks for Car Loan in Begusarai

Feature	HDFC Bank	Private Bank	Kotak Mahindra Bank
Interest Rate	8% - 8.4 %	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 Begusarai Features

Car Loan Begusarai A car loan is financial support provided by banks and NBFC’s to fulfill your dream of having your own car. They provide necessary funding for purchasing the best car which can be on Ex-Showroom Price or On-Road Price of the car. Car Loan is a secured loan with easy repayment options as per your convenience.

The loan amount may be approved after checking your CIBIL score, you must have a good credit score to avail the best offer on loans. The car loan amount is offered on low car loan Interest rates charges which may not be the same by every bank. One can pay for the vehicle in easy and monthly installments.

This loan is a way to get your dream car in your hands, the loan may be provided with additional offers.

Car Loan Begusarai Interest Rate

Bank	Processing Fee	Prepayment Charges
HDFC Bank Car Loan	(1999 - 4999) + Tax	2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan	1 % to 2.50%	Nil
Private Bank Car Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 36 months
SBI Car Loan	500/- to 0.50%	Nil
Kotak Car Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
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

Apply for a Car Loan

Car Loan Begusarai Documents Required

Documents required for car loan are as followed:

For Salaried:

Income Proof: Recent 3-month salary slip with form 16
Address Proof: Telephone Bill/ Driving license / Voters card / Passport Copy / Electricity Bill / Life Insurance Policy
Identity Proof: Passport copy, Driving License, Voters ID card, PAN Card
Bank Statement: Recent 6 months.

For self-employed:

Income Proof: Latest filled ITR
Address Proof: Telephone Bill/ Driving license / Voters card / Passport Copy / Electricity Bill / Life Insurance Policy
Identity Proof: Passport copy, Driving License, Voters ID card, PAN Card
Bank Statement: Recent 6 months.

Car Loan Begusarai Eligibility Criteria

The car loan eligibility criteria requirements are as followed:

For salaried:

Minimum Annual Income: Rs 100000 net annual income
Maximum age at loan maturity: 65 years
Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment
Minimum age: 21 years

For self-employed:

Minimum Annual Income: Net profit Rs. 60000 p.a for standard model cars and Rs.100000 p.a. for mid-sized and premium and Sedan cars
Maximum age at loan maturity: 65 years
Minimum employment: at least 3 years in working business
Minimum age: 21 years

Car loan for Major Car Manufacturers in Begusarai

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Begusarai

Category	Details
Processing Charges	1999 - 4999 + Tax
Prepayment	No prepayment is allowed until 12 EMIs are paid
Preclosure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 2% of loan principal outstanding
Prepayment Charges	>36 months: Nil Charges
Stamp Duty	As per state laws
Cheque Bounce Chgs	₹ 550/chq + GST
Floating Rate of Interest	Not Applicable
Overdue EMI Interest	2% p.m.(on overdue amount)
Amortisation Schedule Chgs	Rs 200 + GST

CIBIL Score Required for Car Loan in Begusarai

Apply for a Car Loan

CIBIL score plays an important role in deciding the approval of a loan. The CIBIL score provides a clear picture of credit history and any outstanding dues standing against the applicant. The credit history is necessary to disburse the loan amount after checking the eligible CIBIL score. Normally, CIBIL scores 750 or above considered as good by many leading banks.

So you must have a valid CIBIL score to get loan approval for your dream car.

Car Loan Begusarai Contact Number

Apply online with Dialabank and avail best car loan with instant approval and extra benefits. or you can make a call on this number 9878981166

Our customer care executive provide you the guidance and help to solve your queries.

Pre Calculated EMI Table for Car Loan Begusarai

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