Best Banks for Car Loan in Lakhisarai
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 Lakhisarai Features
Don’t wait to buy a new car! select the car and then apply for a car loan in Dialabank.com you can easily get the car loan with a low rate of interest. for buying the car is a heavy decision in every family. mainly in the middle-class family, its is the biggest event to them. so Don’t miss the chance of buying the car. if you were financially weak, Dialabank will help you in getting the loan.
Car Loan Lakhisarai 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
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Lakhisarai Documents Required
Documents required for car loan are as followed:
For salaried:
- 2 passport size photocopies are necessary.
- Proofs like PAN Card, Voters ID card, Driving License are required.
- Latest 3-month salary slip with form 16.
- Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
- The last 6 months’ bank statement is needed.
For self-employed:
- 2 passport size photocopies are necessary.
- Proofs like PAN Card, Voters ID card, Driving License are required.
- The latest Income tax returns required.
- Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
- The last 6 months’ bank statement is needed.
Car Loan Lakhisarai Eligibility Criteria
The car loan eligibility criteria requirements are as followed:
For salaried:
- Firstly, the borrower must be an Indian citizen.
- Secondly, the minimum applicant age 21 yrs as well as older than 60 yrs at loan maturity to the avail car loan.
- Thirdly, He/she must have a good annual income that properly demonstrates his/her capacity for loan repayment the amount he borrows.
- Besides that, the applicant must have secure employment working the current job status of one year as well as regular income in the account.
- More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
- After that, the monthly income of the applicant should be Rs. 18k minimum.
- After that, the borrower should be from two years in employment as well as from 1 year in the same company.
- Finally, CIBIL scores of the borrower should be more than 750.
For self-employed:
- Firstly, the borrower must be an Indian citizen.
- Secondly, the minimum applicant age 21 yrs as well as older than 60 yrs at loan maturity to the avail car loan.
- More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
- Besides that, the borrower should have some source of income.
- Moreover, the borrower should be in the business for two years.
- Finally, CIBIL scores of the borrower should be more than 750.
Car Loan for Major Car Manufacturers in Lakhisarai
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Lakhisarai
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
|
>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 Lakhisarai
CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900. then you will get the quick loan approvals. If the CIBIL score is less than 700 then your application will be pending. Make sure you check your CIBIL score before you apply for car loan. If you pay your EMIs in time then your CIBIL score will be increased. If you do not repay Your EMI your CIBIL score will be reduced. The applicant has to pay monthly EMIs according to there schedule of the bank.
Car Loan Lakhisarai Contact Number
For instant help and any more queries, you can call 9878981166.
Pre Calculated EMI Table for Car Loan Lakhisarai
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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