Best Banks for Car Loan in Memnagar
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 Memnagar Features
Did you need a car that you want in your garage but are you having the fund problem for it?
This is where car loans help you. A car loan is financial help that is provided by banks and NBFC’s for a specific period of time varying from 24 months to 60 months, for both brand new and second-hand ones. 
They offer necessary funding for buying 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.
Dialabank brings you amazing offers for a car loan in Memnagar. Providing you with the lowest rate of interest for car loans, which you won’t find anywhere else.
Offering a car loan for both Self-employed and salaried people and even on new as well as used cars.
Car Loan Memnagar Interest Rates
The rate of interest varies from bank to bank. The rate of interest changes without any prior notices and is regulated by the Reserve Bank of India (RBI).
| 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 Memnagar Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Proof of Identification: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Residence 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:
- Identification Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest ITR
- Address Proof (Any 1): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Memnagar Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried Applicants
- 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
- Minimum Annual Income: Rs.100000 net annual income
For Self-Employed Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: At least 3 years in business
- Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars and Rs.100000 per annum for mid-sized and premium cars
Click here to apply for an instant car loan
Car Loan for Major Car Manufacturers in Memnagar
TABLE WILL APPEAR
Processing Fees/ Prepayment Charges on Car Loan in Memnagar
| 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 |
Car Loan Memnagar Agent Contact Number
Dialabank works as a bridge to find the best option between several Banks and NBFCs by providing you with a detailed and structured market comparison of different banks. The unnecessary worries about the complex information and process are eliminated that you have to go through. So, you can make the right choice.
Dial us up at +919878981166 to get more information about car loans and we will give you the best advice to help you fulfill your dream easily, quickly and efficiently.
Pre Calculated EMI Table for Car Loan Memnagar
| 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 |
You can calculate your EMI here: Car Loan EMI Calculator
Car Loan EMI Calculator Memnagar
To calculate the Equated Monthly Installment (EMI), you require the following:
- Loan Amount
- Interest rate
- Tenure (in number of months)
The higher the loan amount or interest rate, the higher is the EMI payments and vice versa.
About Memnagar
Memnagar is a neighborhood in Ahmedabad in the Indian state of Gujarat. The Gondeshwar Temple, an 11th-12th century temple dedicated to Shiva, is located in Memnagar and The Gargoti Museum houses a collection of mineral specimens that are native to the region. Initially, the capital was at Devagiri, now known as Daulatabad in Maharashtra. It has major Railroad connections
Other Cities for Car Loan in Gujarat
| Car Loan Limbdi | Car Loan Keshod |
| Car Loan Kosamba | Car Loan Karjan |
| Car Loan Kheda | Car Loan Kalol |
| Car Loan Khambhalia | Car Loan Kadi |
