Best Banks For Car Loan in Delhi
| 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 Delhi Features
Being in a metropolitan city like Delhi you will need a car for transportation but limited income does not allow a common man to buy his car in Delhi. A Car Loan is a convenient option that allows a person to buy a car. Get the best funding with a lower interest rate and hassle-free experience to fulfil your dream with the help of dial-a-bank.
Car loan in Delhi often offers a fixed rate of interest options. It means that you are assured of a fixed amount that needs to be paid monthly. Car loans are not meant for just new cars but also for pre-owned cars. Now Apply for a Car Loan at Dialabank. Visit us at dialabank.
Car Loan Delhi 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
Car Loan Delhi Documents Required
Documents required for car loan are as followed:
- You will need a Proof of Identity like a Passport copy, PAN Card, Voters ID card, Driving License
- You must show the Proof of Income for Salaried applicant is the Latest 3-month salary slip with form 16 and for Self Employed is the Latest Income Tax Returns (ITR)
- You need to show the Proof of Address like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Lastly, you will need 6 months of Bank Statement
Car Loan Delhi Eligibility Criteria
The car loan eligibility requirements are as followed:
SALARIED INDIVIDUALS
- 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.
- Least Annual Income: Rs 100000 net yearly pay.
SELF-EMPLOYED INDIVIDUALS
- Minimum age: 30 years
- Maximum age at loan maturity: 65 years
- Minimum employment: At least 2 years in business
- Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars
How to Apply for Car Loan in Delhi?
- Visit us at dialabank
- Go to the loan section and click on the auto loan link.
- Fill out the form with details and submit the form.
- We will contact you in a short period of time.
- For further information please contact 9878981166.
Car Loan for Major Car Manufacturers in Delhi
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Delhi
| 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
|
|
>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 Delhi
CIBIL is a credit information company, You can check your CIBIL report to verify your standing in terms of credit score. A CIBIL score of 750 or more can get you a low-interest rate. However, the interest rate for a score of 650 to 750 will be slightly higher which may provide a high-interest rate. If you have defaulted in your CIBIL report, or have a very low score, your application may be rejected.
Car Loan Delhi Contact Number
Customers can contact us at 9878981166 to get exclusive car loan deals right from your home or can apply
Pre Calculated EMI Table for Car Loan Delhi
| 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 Delhi
Delhi, India’s capital region, is a gigantic metropolitan territory in the nation’s north. In Old Delhi, a local dating to the 1600s, stands the forcing Mughal-time Red Fort, an image of India, and the rambling Jama Masjid mosque, whose yard obliges 25,000 individuals. Close by is Chandni Chowk, a dynamic bazaar loaded up with food trucks, dessert shops, and flavor slows down.
Car Loan EMI Calculator
Other Cities for Car Loan in Delhi
| Car Loan Vadodara | Car Loan Thangadh |
| Car Loan Unjha | Car Loan Surat |
| Car Loan Una | Car Loan Sarigam |
| Car Loan Umbergaon | Car Loan Rajkot |
