Car Loan Dhanbad

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Best Banks for Car Loan in Dhanbad

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 Dhanbad Features

Having your own car has become a need in this era. Everybody is not able to afford it due to a shortage of funds. To fulfill this, we act as a mediator by providing you loans for your car to fulfill your needs and let you own a car of your dreams. We provide the best and lowest rate of interests from major banks and NBFCs of the country in the comfort of your home.

Why Dialabank?

We let you sit at the comfort of your home and provide you with the loan without any hassle.
We offer you the Lowest Car Loan Interest Rate in the market.
Our team of experts and Relationship managers helps you in every step of the journey to acquire a loan.
We have tie-ups with top Banks and NBFCs of the country to provide you with the best in class service.
We Charge no money from our customers for the services that we provide.

Car Loan Dhanbad 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 Dhanbad 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 Dhanbad 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 Dhanbad?

Applying for a car loan with us is a simple procedure. Follow the steps to Apply For Car Loan:

Visit our website Dialabank
Go to the auto loan option and select the car loan option on the menu.
Fill out the form with the necessary details of your loan requirements.
Wait for our team of experts to reach to get in touch with you.
You can also visit the nearest branch or call on 9878981166.

Apply for a Car Loan

Car Loan for Major Car Manufacturers in Dhanbad

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Dhanbad

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 Dhanbad

A good credit score is considered as 750 and above as most of the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

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Car Loan Dhanbad Contact Number

Give us a call on 9878981166 to get a car of your dreams. We will assist you and provide you with all the details and types of car loan that are available with us.

Pre Calculated EMI Table for Car Loan Dhanbad

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 Dhanbad

Dhanbad is the second most crowded city in the Indian province of Jharkhand. Dhanbad positions 33rd the biggest city in India and position 42nd biggest million or more urban agglomeration in India. It has been positioned 94th among 111 urban areas for the Ease of Living Index and is 96th quickest developing urban territory of the world by City Mayors

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