Car Loan Mau

Car Loan Mau

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Best Banks for Car Loan in Mau

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 Mau Features

car Loan Mau Looking to buy your first car? Then why wait, just visits Dialabank. Buying a car is not always for everyone. Especially for middle-class people, it can be a Hercules task. It is important to keep certain precautions in mind as making heavy decisions to buy a car these days has become a symbol of status.

You can fulfill your dream of acquiring your dream car once you meet the requirements like an acceptable CIBIL score, required documentation, etc.

Car Loan Mau Interest Rate

Car loan interest rates vary from bank to bank. Check the table below to know the pertaining rates. These rates keep changing from time to time.

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

Interest Rate for Car Loan

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Car Loan Mau Documents Required

Documents required for car loan are as followed:

For Salaried Employee

Proof of Income: It is necessary to provide the latest 3-month salary slip with form 16
Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License to verify identity
Bank Statement: The last six months’ statement to be submitted by the applicant is strictly required
Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

For Self-Employed

Income Proof: Latest ITR proof of the firm by the applicant is required
Identity Proof: ID like Passport copy, PAN Card, Voters ID card, Driving License
Bank Statement: The last six months’ statement.
Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card

Car Loan Mau Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
The minimum age requirements are 21 years.
The applicants must not be more than 60 and 65 years at the time of completion of tenure
Minimum Annual Income: For such applicants, Rs 100000 net annual income is important to mention.
Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Mau

For Self Employed

At least 3 years in operating business is mandatory
The minimum age requirements are 30 years is obiligatory
The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars.
Usually getting a car loan is easier when the applicant possesses a CIBIL score of 750 and above which is an essential factor required for the loan approval in Mau

Car Loan for Major Car Manufacturers in Mau

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Mau

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 Mau

CIBIL score plays a key role while availing a car loan. In case your Cibil score is between 750-900, you will get the loan approval quickly. But if the Cibil score is less than 700 then your application might go pending. So, check your Cibil score before you apply for a loan. Regular EMI payments will enhance your CIBIL score. Thus, the CIBIL score plays an important role in availing a car loan and must be considered before applying for any loan.

Car Loan Mau Contact Number

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In case of any query related to a car loan in Mau or any kind of assistance kindly visit on the number 9878981166

Or visit our website Dialabank

Pre Calculated EMI Table for Car Loan Mau

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 Mau

Mau, also popularly known as Maunath Bhanjan, is an industrial town and the headquarter of the Mau district. It is situated in the eastern part of Uttar Pradesh, India. The town is known for its extensive saree industry and its products which is a traditional business and centuries-old art of the people residing Mau.