Best banks for Car Loan in Mohali
|
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 Mohali Features
Need a loan for a car?
Looking for the best banks near you?
If you can provide a car loan, then there are various banks available on the Dialabank you can think of. They provide car loans at reasonable interest rates and gives you multiple choices.
What are some of the Car Loan Mohali features?
Car Loan Mohali gives financial assistance at the best affordable interest rates to secure the car of your choice. You can comfortably repay these car loans through equated monthly installments (EMIs).
Additionally, the interest rates will always differ from bank to bank.
Car Loan Mohali Interest Rates
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 Mohali Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: PAN Card, Driving License, Electoral Photo ID card can be served as proof of Identity.
- Income Proof: The 3-month salary slip or 6-month salary slip with Income Tax Return.
- Residence Proof: Driving License, Electoral Photo ID Card, PAN Card are approved residence proofs.
- A Bank Statement of the last 6 months/ half-year is essential.
For Self-Employed Individuals
- Identity Proof: PAN Card, Driving License, Electoral Photo ID card can be served as proof of Identity.
- Income Proof: Income Tax Return.
- Residence Proof: Driving License, Electoral Photo ID Card, PAN Card are approved residence proofs.
- A Bank Statement of the last 6 months/ half-year is essential.
Car Loan Mohali Eligibility Criteria
The car loan eligibility requirements are as followed:
For Salaried candidates:
- The minimum age requires to be 21 years.
- On loan maturity, the maximum age needs to be 65 years.
- The claimer should have 1 year of experience in the prevailing job, and a minimum of two years of experience.
- 1 lac Indian rupees is the minimum income required for eligibility.
For Self-Employed Candidates:
- The minimum age requires to be 21 years.
- On loan maturity, the maximum age needs to be 65 years.
- Claimer’s business should be operational for at least 3 years.
- The net profit of the applicant needed is Rs 60000 per annum for generally standard cars and Rs 100000 per annum for mid-sized premium cars
How to Apply for Car Loan in Mohali?
Apply for a Car LoanApplying for a car loan by Dialabank is a more convenient process. Follow the given following steps to apply for a car loan:
- Go to Dialabank online on your PC or phone.
- Click on the auto loan part and select the car loan choice on the menu.
- Fill out the form with the required particular specifications for your loan requirements.
- Wait for us to connect with you via call.
- You can also connect with the nearest Dialabank branch or call on 9878981166.
Car Loan for major car manufacturers in Mohali
TABLE WILL APPEARProcessing Fees/Prepayment Charges on Car Loan in Mohali
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 Mohali
Apply for a Car LoanA CIBIL score lower than 750 means a higher interest rate for the candidate. Therefore, one needs to have a decent CIBIL score of more than 750. The banks and NBFCs hold distinct criteria for minimum CIBIL score and they analyze your previous loan history and repayments. Additionally, please try to maintain a decent CIBIL score above 750 by getting rid of your debts.
Car Loan Mohali Contact Number
To avail the best car loans in Mohali, Contact on 9878981166
Pre Calculated EMI Table for Car Loan Mohali
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 Mohali
Apply for a Car LoanIn the state of Punjab, Mohali is a city located in the Mohali district. It is also called Sahibzada Ajit Singh Nagar. Besides, it is also a commercial hub lying southwest of the capital city of Chandigarh.
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 Mohali
Car Loan EMI can be determined by the Car advance EMI Calculator gave by Dialabank. It is allowed to utilize and you can utilize it a boundless number of times. Likened Monthly Installments(EMI) is the month to month fixed charges that you pay to the bank as month to month reimbursement for the advance sum acquired. In view of the profile, the financing cost on the advance is resolved. EMI is determined dependent on the Interest Rate you are charged by the bank and the measure of advance you need to take and the period for which you appreciate the vehicle credit.
Other Car Loan Cities In Punjab
| Car Loan Ludhiana | Car Loan Khanna |
| Car Loan Lehragaga | Car Loan Kartarpur |
| Car Loan Kotkapura | Car Loan Kapurthala |
| Car Loan Kharar | Car Loan Jalandhar |
