Car Loan Chandigarh

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Best Banks for Car Loan in Chandigarh

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 Chandigarh Features

car loan chandigarh

Getting one’s own car is everyone’s dream, especially in a smart city like Chandigarh. Dialabank is here for you to let you know everything you need to about availing a car loan in Chandigarh. Car loans are available for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. There are many features of car loans in Chandigarh. They are available at low-interest rates, which may vary from bank to bank, so make sure you compare and choose what’s best for you!

Almost all major banks and NBFCs offer car loans in Chandigarh, so you have access to a wide range of appealing offers. The documentation process is quick and hassle-free, so can you get your dream car without much effort. Through Dialabank, you can easily get car loans on your own terms!

Car Loan Chandigarh 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 Chandigarh 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 Chandigarh 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 Chandigarh?

Avail a car loan in Chandigarh is an easy process with Dialabank. Follow the following steps to avail a range of attractive offers:

Visit our website
Click on the car loan option available in the menu
Fill in the details regarding the car type and your income
Wait as our relationship manager will soon get in touch with you on your provided number.
You may also contact our relationship managers on the number 9878981166 in case of any queries regarding the loan.
For availing a car loan offline you will have to visit the branch personally, which might turn to be hectic for you. So we advise you to follow the steps above to do eat easily online!
Remember, we offer the best guidance.

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Car Loan for Major Car Manufacturers in Chandigarh

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Chandigarh

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 Chandigarh

The CIBIL score is referred to as what defines your ability to pay off your credits and is based on your repayment history. A higher Credit score means good credit history and makes your car loan application process smooth and easy to be processed. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Chandigarh. This score may again vary from bank to bank.

In case of a low CIBIL score than the required value, you will be required to pay a high Car Loan Rate of Interest on the loan amount. Thus, a CIBIL score is an important factor in a car loan.

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Car Loan Chandigarh Contact Number

In case of any queries regarding a car loan in Chandigarh, you may call us on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Car Loan Chandigarh

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 Chandigarh

Chandigarh is the capital city of the states Punjab and Haryana and is termed as the ‘wealthy city’ of India. It is known for its amazing urban town planning and its French-Swiss architecture, as well as its gardens such as the Rock garden.

Its population is around 10.6 lakhs.

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Car Loan EMI Calculator Chandigarh

The car loan EMI can be calculated for free with the help of EMI calculator. The Dialabank website has this calculator. The EMI depends on the interest rates applicable on the loan taken by the candidate.