Car Loan Gonda

Car Loan Gonda

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Best Banks for Car Loan in Gonda

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 Gonda Features

As the development of our country speeds up, so does the development of roads. This increases the desire to have a personal means of travel, but paying out of your pocket isn’t always a viable option. This is where car loans help you. Dialabank assists you to acquire a car loan easily and on your terms for brand-new and second-hand cars, ex-showroom and on-road prices. The features of car loans in Gonda are as follows:

Car loans are available at low interest rates
Almost all central banks and NBFCs offer car loans in Gonda
The documentation process is quick and hassle-free
Car loans are readily available through DialaBank

Car Loan in Karanjia

Car Loan Gonda 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 Gonda Documents Required

The essential documents required to get a car loan approved in Gonda are :

For salaried:

Identity Proof such as your passport copy, PAN card, voters ID card, driving license
Income proof which, for Salaried employees includes the latest 3-month salary slip with form 16
It also requires address proof, any one thing among your ration card/driving license/voters card/passport copy/telephone bill/electricity bill/life insurance policy, or your PAN card.
Lastly, your bank statements from the last 6 months will be required.

For self-employed:

Identity Proof such as your passport copy, PAN card, voters ID card, driving license
Income proof -the latest ITR proof.
It also requires address proof, any one thing among your ration card/driving license/voters card/passport copy/telephone bill/electricity bill/life insurance policy, or your PAN card.
Lastly, your bank statements from the last 6 months will be required.

Car Loan Gonda Eligibility Criteria

The car loan eligibility requirements are as followed in Gonda include:

For salaried:

The minimum age, which should be 21 years for salaried individuals while the maximum age at loan maturity should be 60 years
The minimum employment period for a salaried individual should be 1 year in current employment and a minimum of 2 years of total employment
The minimum annual income for salaried employees should be Rs 100000

For self-employed:

The minimum age should be 30 years, while the maximum age at loan maturity should be 65 for self-employed individuals.
It should be at least 3 years in business.
The net profit should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Gonda

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees & Prepayment Charges on Car Loan Gonda

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 Gonda

The CIBIL score is your ability to pay off your credits and is based on your credit history. It defines whether you are a trustworthy applicant or not. A higher Credit score means good credit history and makes your car loan application process smooth and facile, while a lower score can charge you higher car loan interest rates. Mainly, banks and NBFCs consider a credit score of 750 and above as an excellent score to approve your loan application process in Gonda. However, this score may again vary from bank to bank.

Car Loan Gonda Contact Number

In case of queries regarding car loans in Gonda, you may contact the number 9878981166 for the best guidance!

Pre Calculated EMI Table for Car Loan Gonda

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

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About Uttar Pradesh

Uttar Pradesh is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world.

FAQs about Car Loan Uttar Pradesh

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

Yes, you have to use your credit history and previous arrangement with the prospective bank or any other lender in Uttar Pradesh 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 Uttar Pradesh?

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 Uttar Pradesh.

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

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.