Car Loan Bhatapara

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Best Banks for Car Loan in Bhatapara

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 Bhatapara Features

car loan bhatapara

Want to show your financial independence by driving around your own vehicle? But don’t have the funds for it? Not sure which bank is the best for a car loan? If you have all these questions, Dialabank is here for you. With us, you can get access to many features of car loans in Bhatapara such as: –

Car loans are available at low-interest rates.
loans are available for both ex-showroom and on-road prices.
Almost all major banks and NBFCs offer car loans in Bhatapara.
The documentation process is quick and hassle-free.
Our experts are available to guide you every step of the way.
Car loans are easily available through Dialabank and in record time.
No hidden charges.

Car Loan Bhatapara 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

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Car Loan Bhatapara Documents Required

Documents required for car loan are as followed:

For salaried:

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 proof.
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 Bhatapara Eligibility Criteria

The car loan eligibility requirements are as followed:

For salaried:

Minimum age: 21 years
Maximum age at loan maturity: 60 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:

Minimum age: 30 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 Bhatapara

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Bhatapara

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 Bhatapara

A CIBIL score is a powerful three-digit number that decided the creditworthiness of a person. A higher Credit score means you are serious about paying your loan back and this significantly improves your chances of getting a loan. Mostly, banks and NBFCs consider a credit score of 750 and above as an excellent score to approve your loan application process in Bhatapara, while a score below 550 is considered poor.

In case your car loan is rejected, do not immediately apply to another institution or this will affect your credit score negatively. Wait for the score to improve. A low application frequency will help you improve your score.

Car Loan Bhatapara Contact Number

In case of any queries regarding a car loan in Bhatapara, you may contact us on the number 9878981166 for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Bhatapara

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