Car Loan Bidar

Car Loan Bidar

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Best Banks for Car Loan in Bidar

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 Bidar Features

car loan bidar

A car loan is a type of secured loan and before it used to be a luxury for Indians, that is now available at an affordable interest rate and tenure which is only provided to you by India’s first financial online service dialabank which is very much reliable and you can get a car loan at the best service you can get and also the fastest service to get loan approval and also you can get more offers on a personal car loan or other loan types.

Car Loan Bidar Interest Rate

Check the Car Loan Interest rates for used cars:

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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

Car Loan Bidar Documents Required

The following are the required documents for a car loan for applicants from Bidar:

For Salaried Employees

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant whichever available with you.
Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant whichever available with you
Income Proof: Latest 3-month salary slip with form 16 of the applicant
Bank Statement: previous 6 months bank transaction statement of the applicant

For Self Employed

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant whichever available with you.
Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant whichever available with you
Bank Statement: previous 6 months bank transaction statement of the applicant
Income Proof: Latest Income Tax Report of the applicant from Bidar.

Car Loan Bidar Eligibility Criteria

The eligibility criteria for a car loan to be fulfilled by the applicants of Bidar are:

For Salaried Employee

Minimum age: 21 years old for salaried and 30 years for self-employed
Maximum age at loan maturity: 65 years old
Minimum employment: 1 year in current employment and a total of 2 years of employment experience in the past
Minimum Annual Income: Rs 100000 net annual income is considered in Bidar

For Self Employed

Minimum age: 21 years old for salaried and 30 years for self-employed
Maximum age at loan maturity: 65 years old
Minimum employment: at least 3 years in business
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars for the applicant of Bidar.

Car Loan for Major Car Manufacturers in Bidar

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Bidar

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 Bidar

Get a good CIBIL score of 750 and above by not defaulting on any of your payments be it credit cards or EMIs or any other so that your loan application process is better and faster and you get a low interest rate on a car loan to repay.

Car Loan Bidar Contact Number

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Get a car loan in Bidar by contacting the number 9878981166 or visit Dialabank

Pre Calculated EMI Table for Car Loan Bidar

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 Bidar

Bidar is a hilltop city in the north-eastern part of Karnataka state in India. Bidar is the headquarters of the Bidar District which borders Maharashtra and Telangana. Bidar is a rapidly urbanizing city in the wider Bidar Metropolitan area.

Car Loan EMI Calculator

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Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the car loan Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.