Car Loan Farrukhabad

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Best Banks for Car Loan in Farrukhabad

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 Farrukhabad Features

car Loan Farrukhabad A car loan is a form of financial help and assistance provided by banks and NBFC’s to fulfill your dream of having your own car. They provide the required funding for purchasing a car, whether a new one or used, which can be on Ex-Showroom Price or On-Road Price of the car. A car loan is a secured form of a loan with easy repayment options in the form of installments. Availing a car loan is easy provided you have the required necessary documents and you fulfill the required eligibility criteria.

Usually, banks offer you a car loan on the Ex-showroom price of the car but in case you want a loan of the On-road price it will require certain requirements to be fulfilled. We offer you the best deals available across several banks and NBFCs so that you can choose the right one for yourself.

The features of a car loan in Farrukhabad are:

Easy documentation
Lowest interest rates available
Fast disbursal
Car loans are secured in nature
Instant approval of loan application on applying with DialaBank

Car Loan Farrukhabad 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

Apply for a Car Loan

Car Loan Farrukhabad Documents Required

Documents required for car loan are as followed:

For salaried:

Passport copy, PAN Card, Voters ID card, or any other form of identity proof
The latest 3-month salary slip with form 16 and ITR filing proofs required
Anyone address proof to be submitted
6 months of bank statements

For self-employed:

Passport copy, PAN Card, Voters ID card or any other form of identity proof
The latest 3-month salary slip with form 16 and ITR filing proofs required
Anyone address proof to be submitted.
6 months of bank statements.

Car Loan Farrukhabad Eligibility Criteria

The car loan eligibility differs slightly for a salaried individual and for a self-employed one.

For Salaried Individuals:

The age should be a minimum of 21years.
He/she should not be more than 60 years to avail a car loan.
A CIBIL score of 750 and above is a must.
He/she should have been working for a minimum of 1 year in current employment and a previous minimum of 2 years of employment
He/she should be earning a minimum of Rs 100000 per year

For Self-employed Individuals:

The age should be between 30-65 years to avail a car loan.
A CIBIL of 750 and above is required.
At least 3 years of working business.
A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Farrukhabad

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Farrukhabad

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 Farrukhabad

Apply for a Car Loan All you need is to have all the required documents correctly with a good enough credit score of 750 and above and credit report with no default in EMIs, credit card bills, and any debt and a good income which is stable too to get a car loan in Farrukhabad.

Car Loan Farrukhabad Contact Number

For any queries related to a car loan in Farrukhabad kindly contact on the number 9878981166.

Pre Calculated EMI Table for Car Loan Farrukhabad

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

Car Loan EMI Calculator

About Farrukhabad

Farrukhabad is a city in the Indian state of Uttar Pradesh. It is the administrative headquarters of the Farrukhabad tehsil. The city is on the banks of river Ganges and is 338 kilometres (210 mi) from the national capital Delhi and 170 kilometres (110 mi) from the state capital Lucknow.

FAQs about Car Loan Farrukhabad

✅ Can I get a loan to purchase a used car in Farrukhabad?

Yes, you have to use your credit history and previous arrangement with the prospective bank or any other lender in Farrukhabad to negotiate the interest rate on your car loan. Regularly paying your past loans/credit cards EMI with your prospective bank or any other lender will help you get a car loan with a lower interest rate.

✅ What is the typical tenure of a car loan in Farrukhabad?

A car loan can last anywhere between one to five years. The higher the EMI, the shorter your loan term, and the opposite is valid for longer car loan terms. Currently, only limited lenders are offering car loans on terms of up to seven years in Farrukhabad.

✅ Do I need a loan guarantor or co-borrower in Farrukhabad?

If you are unable to meet the lending institution’s eligibility standard, such as monthly salary, age, or credit score, a loan guarantor or co-borrower is required. You can even apply for a car loan of your own.