Car Loan Mehsana

Best Banks for Car Loan in Mehsana

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 Mehsana Features

A car loan offers you a loan in Mehsana at the best interest rates in the market which is provided by India’s first financial service provider online dialabank, you will get the best service from the dialabank if you avail of a loan from it and also the loan process is not long and you can avail the loan from ex-showroom and on-road prices too. The tenure of the car loan Mehsana repayment is also from 1 to 5 years. So do not wait to get your dream car and apply with Dialabank.

Car Loan Mehsana 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 Mehsana Documents Required

Documents required for car loan are as followed:

For Salaried Employee

1. Identity Proof: Provide any ID like Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: It is  compulsory to provide the latest 3-month salary slip with form 16 is obligatory
3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: The last six months’ statement to be submitted.

For Self-Employed

1. Identity Proof: Provide any ID like Passport copy, PAN Card, Voters ID card, Driving License
2. Income Proof: Latest ITR proof
3. Address Proof: Permanent address proof like Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
4. Bank Statement: The last six months’ statement to be submitted.

Car Loan Mehsana Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

1. The minimum age requirements are 21 years.
2. The applicants should not be more than 60 and 65 years at the time of completion of tenure
3. The individuals should possess a minimum of 1-year experience in current employment and a minimum of 2 years of employment from the past
4. Minimum Annual Income: For such applicants Rs 100000 net annual income
5. 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 Mehsana.

For Self Employed

1. The minimum age requirements are 30 years in case of a self-employed
2. The applicants should not be more than 60 and 65 years at the time of the completion of the loan tenure.
3.  At least 3 years in operating business is mandatory to be followed
4. Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for best mid-sized and premium cars
5. 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 Mehsana.

Car Loan for Major Car Manufacturers in Mehsana

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Mehsana

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
	>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 Mehsana

You need to have a Credit score of 750, a good credit report, and a good salary to get a car loan Mehsana at a lower car loan interest rate else you have to pay a higher rate of interest. Maintaining a good CIBIL score is advised to an applicant as it increases the chances of getting loan without any chaos.

Car Loan Mehsana Contact Number

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You can get a car loan Mehsana easily from dialabank by contacting the number 9878981166. Or you can visit our website for further assistance Dialabank

Pre Calculated EMI Table for Car Loan Mehsana

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 Mehsana

Mehsana, which can also be spelled as Mahesana, is a city and municipality in Mehsana district, in the Western Indian state of Gujarat. Established in the 14th century, the city was under Gaekwads of Baroda State from the 18th century to the independence of India in the year of 1947. The municipality was established during 1919–20.

Car Loan EMI Calculator

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Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times.

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