Car Loan Karnal

Car Loan Karnal

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Best Banks for Car Loan in Karnal

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 Karnal Features

A car loan is a financial support provided by banks and NBFC’s to fulfil your dream of having your car. They provide necessary and required funding for purchasing a car that can be on Ex-Showroom Price or On-Road Price of the car for both a new and a used car. A car loan is a secured loan with easy EMI options available. A car loan can fulfil your dream of owning a car without having to take the burden of paying the lump-sum amount altogether. Some of the basic features of a car loan in Karnal are:

Affordable interest rates
No sort of charges charged by DialaBank
Minimum documentation
Instant loan disbursal

Car Loan Karnal Interest Rate

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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 Karnal Documents Required

The following are the required documents for applicants from Karnal:

For Salaried Employees

Identity Proof: Passport, PAN Card, Voters ID card, Driving License of the applicant.
Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant, whichever is available with you
Income Proof: Latest 3-month salary slip with form 16 of the applicant.
Bank Statement: previous 6 months bank transaction statement of the applicant.

For Self Employed

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant, whichever is available with you.
Address Proof: Ration card/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant, whichever is available with you
Bank Statement: previous 6 months bank transaction statement of the applicant
Income Proof: Latest Income Tax Report of the applicant from Karnal.

Car Loan Karnal Eligibility Criteria

The eligibility criteria to be fulfilled by the applicants of Karnal are:

For Salaried Employee

Minimum age: 21 years old for salaried and 30 years for self-employed
Maximum age at loan maturity: 65 years old
Minimum employment: 1 year in current employment and a total of 2 years of employment experience in the past
Minimum Annual Income: Rs 100000 net annual income is considered in Karnal

For Self Employed

Minimum age: 21 years old for salaried and 30 years for self-employed
Maximum age at loan maturity: 65 years old
Minimum employment: at least 3 years in business
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars for the applicant of Karnal.

Car Loans for Major Car Manufacturers in Karnal

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Karnal

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 Karnal

Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Karnal to minimize the risk of default. Most of these institutions require a CIBIL score of at least 750 or above to process your loan application. Also, having a good CIBIL score means you can avail loans at a cheaper interest rate.

The institutions don’t just look at your overall score but also the detailed behaviour on all the loans taken previously. This includes details on the type of loan taken, the amount borrowed, and also your efficiency of payments. Any delayed payments for previous loans can be a barrier to your availing of a fresh car loan.

Car Loan Karnal Contact Number

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You can get a car loan Karnal easily from dialabank by contacting the number 9878981166. Or visit our website at Dialabank

Pre Calculated EMI Table for Car Loan Karnal

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 Karnal

Karnal is a city in Haryana, India, and is also the administrative headquarters of the Karnal District. Ancient the East India Company army used it as a refuge during the Indian Rebellion of 1857 in Delhi. The old Battle of Karnal between Nader Shah of Persia and the Mughal Empire took place in this city on 1739