Car Loan Jhalawar

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Best Banks for Car Loan in Jhalawar

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 Jhalawar Features

Car Loan Jhalawar

Need a car loan? Dialabank is here for you! Personal cars make it convenient for you to travel from place to place. This is where car loans help you. A car loan depends on your income and the model of the car but you can get it easily, on your own terms and for flexible tenures, for both ex-showroom and on-road prices. The features of car loans in Jhalawar are as follows:

Car loans are available at lowest car loan interest rates
Almost all major banks and NBFCs offer car loans in Jhalawar
The documentation process is quick and hassle-free if you have the required CIBIL score
Car loans are easily available through DialaBank

Car Loan Jhalawar 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 Jhalawar Documents Required

Documents required for car loan are as followed:

For salaried:

Identity Proof- such as your passport copy, PAN card, voters ID card, driving license.
Income proof – includes the latest 3-month salary slip with form 16
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.
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 Jhalawar Eligibility Criteria

The car loan eligibility requirements differ from one lender to another according to the borrower’s profile.

For salaried:

Some of the main criteria include the minimum age, which should be 21 years
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
Lastly, the minimum annual income for a salaried employee should be Rs 100000 net annual income

For self-employed:

Some of the main criteria include the minimum age of 30 years
while the maximum age at loan maturity should be 65 years
The minimum employment period for the self-employed, 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 Jhalawar

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Jhalawar

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 Jhalawar

The CIBIL score is determined by your credit history and determines whether you are a trustworthy borrower 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 interest rates.

If you haven’t borrowed ever or in the last seven years, it might be difficult for you to acquire a loan because it will be difficult for the banks to determine your reliability. In such a case, you can show the papers of your rented house or other utilities to show that you make payments on time.

Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Jhalawar. This score may again vary from bank to bank.

Car Loan Jhalawar Contact Number

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

Pre Calculated EMI Table for Car Loan Jhalawar

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