Car Loan Mandsaur

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Best Banks for Car Loan in Mandsaur

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 Mandsaur Features

car loan mandsaur Buying a car is not just an ordinary event for everyone. Especially for middle-class people, it is a great event. So they take good precautions and make heavy decisions before buying the car these days it becomes a symbol of status. Now just get a car loan with a good CIBIL score and minimum documents. By submitting all those we can get the loan at a good rate of interest. You can repay the loan by EMIs so there will not be any effect for the monthly budget.

Car Loan Mandsaur 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 Mandsaur Documents Required

Essential documents required for a car loan in Mandsaur are:

For Salaried Employee

Identity Proofs: PAN Card, Driving License, Passport, or Voters ID
Monthly income proof: salary receipt for salaried persons and last three years of IT return for businessmen
Proof of Address: Electricity Bill, Ration Card, Life Insurance Policy, etc.
Bank Passbook transactions from the last 6 months
2 Passport size photographs of the applicant from Mandsaur.

For Self Employed

Identity Proofs: PAN Card, Driving License, Passport, or Voters ID
Monthly income proof: salary receipt for salaried persons and last three years of IT return for businessmen
Proof of Address: Electricity Bill, Ration Card, Life Insurance Policy, etc.
Previous 3 years IT Returns for self-employed
2 Passport size photographs of the applicant from Mandsaur.

Car Loan Mandsaur Eligibility Criteria

Eligibility criteria to be followed by the applicant of Mandsaur:

For Salaried Employee

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.
Besides that, the borrower should have some source of income.
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.
Thirdly, He/she must have a good annual income that properly demonstrates his/her capacity for loan repayment the amount he borrows.
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 Mandsaur

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Processing Fees & Prepayment Charges on Car Loan Mandsaur

Check here for the processing Fees and Prepayment charges on a car loan.

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 Mandsaur

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. So, check your Cibil score before you apply for the loan. If you pay your EMIs in time then your Cibil score will be increased.

Car Loan Mandsaur Contact Number

For instant help and any more queries in Mandsaur, you can call 9878981166. Or further assistance you can visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Mandsaur

Check here of Pre calculated EMI table for a car loan.

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 Mandsaur

Mandsaur is the city in the Malwa region which is located in the Indian states of Madhya Pradesh. this is also called as Mansour. this is the district headquarters. English and Hindi are the major languages used in Mandsaur.