Best Banks for Car Loan in Malegaon
Car Loan Malegaon Features
Buying cars is the majority of people’s dreams. But due to financial problems, due to weak financials, many were stopping to buy. here is the best way to get the loan. just apply for the car loan through Dialabank.
If your CIBIL is good then you will get a good rate of interest and also you will get high tenure for loan repayment.
All the banks and NBFCs are ready to provide car loans. you can get the loan amount for the Ex-showroom price and also, if required you will get a loan for on-road price also.
Car Loan Malegaon 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 Malegaon Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Bank Statement: Last 6 months.
- Income Proof: Latest 3-month salary slip with form 16
- Address Proof: Telephone Bill / Electricity Bill / Life Insurance Policy / Ration card / Driving license / Voters card / Passport Copy / PAN Card
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 Malegaon Eligibility Criteria
The car loan eligibility requirements are as followed in Malegaon:
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: For Salaried – A minimum of 3 years in business.
- Minimum Annual Income: For Salaried – 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 Malegaon?
Availing a car loan Malegaon 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!
Car Loan for Major Car Manufacturers in Malegaon
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Malegaon
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 Malegaon
Every financial institution has its criteria for the CIBIL score required for processing the Car Loan application in Nadiad so that they can minimize the risk of lending to the customer. Most institutions require a minimum CIBIL score of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.
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.
Apply for a Car LoanCar Loan Malegaon Contact Number
Dial us up at +919878981166 to get more information about car loans at Malegaon 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 Malegaon
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 Malegaon
Malegaon is a city and a municipal corporation in the Nashik District of Maharashtra. It is a Muslim-majority city and is known as the Textile Hub of Maharashtra. Malegaon is the second largest city of Nashik district,
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
Car loan EMI can be calculated by Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.
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