Car Loan Bhopal

Car Loan Bhopal

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Best Banks For Car Loan in Bhopal

Feature	HDFC Bank	Private Bank	Kotak Mahindra 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	Upto 90% on Ex- showroom

Car Loan Bhopal Features

A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your own car. They give significant funding for buying a car which can be on Ex-Showroom Estimate or On-Road Cost of the car. A car loan is a secured loan with easy payment choices. The loan sum is offered on Interest charges which differ from bank to bank. One can pay for the vehicle in easy installments.

If you are looking for a car loan in Bhopal, you must have come across many banks who would be offering you car loans on different terms and conditions and a considerably high rate of interest. But we offer car loans at the lowest rate of interest to you from our partnered banks to fulfill your dreams of buying your dream car.

Car Loan Bhopal 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 Bhopal Documents Required

Documents required for car loan are as followed:

For Salaried:-

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

For Self Employed:-

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

Car Loan Bhopal Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried:-

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 1,00,000 net annual income

For Self-Employed:-

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: at smallest 3 years in sales
Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

How to Apply for Car Loan in Bhopal?

There are two ways to apply for a car loan:

Online: Go to our website Dialabank and go to the car loan section. Fill out the form with the necessary details and your city. Our team will contact you within 24 hours with loan offers and details available. You can also call on 9878981166 to talk to our experts directly.

Offline: You can visit the nearest branch with your necessary documents listed in the documents required section and avail the loan within a few minutes.

Apply for a Car Loan

Car Loan for Major Car Manufacturers in Bhopal

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Bhopal

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 Bhopal

A credit score reflects your previous loans availed and your repayment defaults in the past. On this basis, your CIBIL score is formed and a high CIBIL score is considered as good. A default or a lower score creates problems in availing loans in the future.

Most of the banks and NBFCs consider a score of 750 and above before sanctioning loans as it creates trust between the banks and the person availing a car loan that the loan will be paid back to the bank on time and no default would be there in repayment of the loan.

Apply for a Car Loan

Car Loan Bhopal Contact Number

For availing loans quickly and hassle-free, you can also call us on 9878981166 and we would be happy to assist you.

Pre Calculated EMI Table for Car Loan Bhopal

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 Bhopal

Bhopal, also known as the city of lakes, is the capital of Madhya Pradesh. Bhopal was founded by Raja Bhog in the year 1707. It is the 16th largest city in India and 131st in the world. It is one of the greenest cities in India and it is surrounded by many natural as well as artificial lakes.