Best Banks for Car Loan in Jodhpur
Car Loan Jodhpur Features
Who doesn’t want to have his car? In today’s fast-moving world, a car has become a necessity. But not everyone can afford the hefty price for these cars.
Now you can afford a vehicle buy taking a car loan. A Car Loan is a secured loan with easy repayment options available through various banks.
The total loan amount can be up to 85% of the car based on the Ex-showroom or On-road price of the vehicle. The interest rate varies from bank to bank. The car loan criteria vary upon certain factors like your income, CIBIL score, etc.
Car Loan Jodhpur 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 Jodhpur Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest Income Tax Return
- Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Jodhpur Eligibility Criteria
The car loan eligibility requirements are as followed in Jodhpur:
For Salaried Individuals:
- Minimum age: 21 years
- Minimum employment: 1 year in the current place of work and 2 years of total employment.
- Minimum Annual Income: Rs 100000 net annual income.
- Maximum age at loan maturity: 65 years
For Self Employed Individuals:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: A minimum of 3 years in business.
- Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
How to Apply for Car Loan in Jodhpur?
Availing a car loan Jodhpur is an easy process with Dialabank. Just follow some steps to avail the best offers:
- Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
- You may also contact our relationship managers on the number +919878981166 in case of any queries regarding the loan.
- For availing a car loan offline you will have to visit the branch personally, which might turn hectic for you. So we advise you to do it online with us as we provide you a hassle free car loan documentation process with the best interest rate.
Car Loan for Major Car Manufacturers in Jodhpur
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Jodhpur
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Jodhpur
A CIBIL score of 750 and above is considered to be very good and it attracts a lower rate of interest for car loans in Bhiwani. However, a CIBIL score between 650 to 750 could be considered if you have a good income but a slightly higher rate of interest will be offered in that case. If you have defaulted in your CIBIL score or the score is very low, then your application might be rejected.
The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.
Check your CIBIL score in your credit report for more information on the score.
Apply for a Car LoanCar Loan Jodhpur Contact Number
Dial us up at +919878981166 to get more information about car loans at Jodhpur and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.
Pre Calculated EMI Table for Car Loan Jodhpur
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 Jodhpur
Jodhpur is the second-largest city in the Indian state of Rajasthan and officially the second metropolitan city of the state. It was formerly the seat of a princely state of the same name. Jodhpur was historically the capital of the Kingdom of Marwar, which is now part of Rajasthan.
Jodhpur is a popular tourist destination, featuring many palaces, forts, and temples, set in the stark landscape of the Thar Desert. It is popularly known as Blue city and Sun city among people of Rajasthan and all over India.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Apply for a Car LoanCar Loan EMI Calculator
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