Car Loan Meerut

Car Loan Meerut

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Best Banks for Car Loan in Meerut

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 Meerut Features

car loan meerut

Thinking of purchasing a new car? But don’t have the required funds for it? Do not worry! A car loan is here for you. A car loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a car, whether new or used. Cars have become a necessity for everyone, but the cost of cars is growing rapidly daily. This is where a car loan comes into play and fulfills your desire to be the owner of your dream car. The main features of a car loan in Meerut are:

Car loans are available at low-interest rates
Almost all major banks and NBFCs offer car loans in Meerut
The documentation process is quick and hassle-free
Car loans are easily available through DialaBank

Car Loan Meerut 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

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Car Loan Meerut Documents Required

The essential documents required for a car loan approved in Meerut are:

For Salaried Individuals:

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: For Salaried– Latest 3-month salary slip with form 16.
Residance Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

For Self Employed Individuals:

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: For Salaried– Latest 3-month salary slip with form 16 /
Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.
Latest Income Tax Return

Car Loan Meerut Eligibility Criteria

To obtain the loan amount, a person must meet the Eligibility criteria for car loan.

Car Loan meerut

SALARIED INDIVIDUALS

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
Least Annual Income: Rs 100000 net yearly pay.

SELF-EMPLOYED INDIVIDUALS

Minimum age: 30 years
Maximum age at loan maturity: 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

How to Apply for Car Loan in Meerut?

Availing a car loan in Meerut is an easy process with DialaBank. Follow the following steps to avail the best offers efficiently:

Visit our website
Click on the car loan option available in the menu
Fill in the details regarding the car type and your income
Wait as our relationship manager will soon get in touch with you on your provided number.
You may also contact our relationship managers on the number 9878981166 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!

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Car Loan for Major Car Manufacturers in Meerut

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Meerut

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

Get a car loan from AXIS bank

Get a car loan from SBI

CIBIL Score Required for Car Loan in Meerut

The CIBIL score is referred to as your ability to repay credits and is based on your credit repayment history. A higher credit score means good credit history and makes your car loan application process smooth and easy to be processed, while at the same time a low score can charge you a higher interest rate. Mostly, banks and NBFCs consider a credit score of 750 and above as a good score to approve your loan application process in Meerut. This score may again vary from bank to bank.

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Car Loan Meerut Contact Number

In case of any queries regarding the car loan in Meerut, you may call us up at 9878981166 for trustworthy assistance.

Pre Calculated EMI Table for Car Loan Meerut

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 Meerut

Meerut is a city in the NCR. It is the capital of Harit Pradesh. It is an antiquated city, with settlements going back to the Indus Valley civilization having been found in and around the region. The city lies 70 km upper east of the public capital New Delhi, and 430 km west of the state capital Lucknow.

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