Best Banks for Car Loan in Mansa
| 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 Mansa Features
A car that once used to be a luxury has now become a necessity. A car Loan is an offer that provides finance to the people to acquire their own vehicle. It is a loan that allows a person to pay for the vehicle in installments rather than paying it at once.
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. They provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. A Car Loan is a secured loan with easy repayment options. The loan amount is offered on Interest charges which vary from bank to bank. One can pay for the vehicle in easy installments.
Visit Dialabank to avail of your car loan in Mansa.
Car Loan Mansa Interest Rate
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Mansa Documents Required
The essential documents required to get a car loan approved in Mansa are as follows:
For Salaried Employee
- Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: It is necessary to provide the latest 3-month salary slip with form 16
- Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: The last six months’ statement to be submitted by the applicant.
For Self-Employed
- Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR proof of the firm by the applicant
- Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: The last six months’ statement to be submitted by the applicant.
Car Loan Mansa Eligibility Criteria
The car loan eligibility for Mansa is as follows:
SALARIED INDIVIDUALS
- Minimum age: At least 21 years of the applicant
- Maximum age: At a loan maturity of 65 years at the time of tenure completion of the loan
- Minimum employment: 1 year in current employment and a minimum of 2 years of employment for an applicant from Mansa
- Minimum Annual Income: Rs 100000 net annual income
SELF-EMPLOYED INDIVIDUALS
- Minimum age: At least 30 years of the applicant
- Maximum age: At a loan maturity of 65 years
- Minimum employment: At least 2 years in business
- Minimum Annual Income: Net profit Rs. 60,000 Per Annum for standard cars and Rs.1,00,000 Per Annum for mid-sized and premium cars
Car Loans for Major Car Manufacturers in Mansa
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Mansa
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 Mansa
A CIBIL score is a numeric score that describes an applicant’s ability to repay his past loans efficiently and regularly. Maintaining a good CIBIL score is essential if you want to avail of a car loan at a lower interest rate. Also, having a good CIBIL score increases the processing speed of your application.
Most of the banks except a 750+ score to process your car loan in Mansa but these may be higher or lower depending upon the individual requirements of the banks. The minimum CIBIL score requirement for car loans in Chennai may vary from banks to banks.
Car Loan Mansa Contact Number
Apply online on the Dialabank site and get the best offers on a car loan with instant approval and extra benefits or make a call on this number 9878981166
Pre Calculated EMI Table for Car Loan Mansa
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 Mansa
Mansa is a town with a city committee in Mansa district of Punjab, India. The populace is Punjabi-talking and is married to the Malwa culture of Punjab.
Mansa is engaged in the cotton belt of Punjab. During November and December, a guest to this piece of Punjab will be the decent admirer to the perfect, smooth, and white blossom of cotton. Mansa has a Temple of Baba Bhai Gurdas Ji in the southeast of the town. At Baba Bhai Gurdas Ji Temple, consistently a reasonable hung on March–April Season.
Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator
Other Car Loan Cities In Punjab
| Car Loan Ludhiana | Car Loan Khanna |
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| Car Loan Kharar | Car Loan Jalandhar |
