Car Loan Darbhanga

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Best Banks for Car Loan in Darbhanga

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 Darbhanga Features

car loan Darbhanga Want to purchase a car but don’t have the required funds for it? A car loan is what you can avail. A Car loan is a secured loan with easy repayment options available for the applicants. The loan amount is offered on Interest charges which vary from one lender to another. You may avail a car loan for purchasing a new car as well as a used car. The car loan requirements vary from one lender to another. So if you are thinking of purchasing your dream car, get an instant Car loan with DialaBank at an affordable rate of interest.

Car Loan Darbhanga Interest Rate

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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 Darbhanga Documents Required

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

For Salaried Employees

Proof of Identity: 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

Proof of Identity: 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 Darbhanga

Car Loan Darbhanga Eligibility Criteria

Car loan eligibility criteria for the salaried and self-employed vary in the following manner:

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 Annual Income: Rs 100000 net annual income is considered in Darbhanga
Minimum employment: 1 year in current employment and a total of 2 years of employment experience in the past

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 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 Darbhanga.
Minimum employment: at least 3 years in business

Car Loan for Major Car Manufacturers in Darbhanga

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Darbhanga

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 Darbhanga

CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan. The CIBIL score required for car loans may vary from one lender to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, you might be required to pay a heavy car loan interest rates on the loan amount.

Car Loan Darbhanga Contact Number

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For any queries regarding the car loan in Darbhanga, you may contact the number 9878981166.

You can also visit us at Dialabank

Pre Calculated EMI Table for Car Loan Darbhanga

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 Darbhanga

Darbhanga is a Municipal Corporation in the Indian state of Bihar. Darbhanga is the 6th largest city of Bihar, only after Patna, Gaya, Bhagalpur, Muzaffarpur, Bihar sharif. It is the headquarters of the Darbhanga district and the Darbhanga division and was the seat of the Raj Darbhanga and capital of the Mithila region.