Best Banks for Car Loan in Moradabad
Car Loan Moradabad Features
Thinking of purchasing a new car? But don’t have the required funds for it? You’ve come to the right place! Dialabank is here to assist you in getting a car loan, which is a means of funding 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. Since cars have become a necessity for everyone, a car loan comes helps you fulfill your desire to be the owner of your dream car. The main features of a car loan in Moradabad are:
- Car loans are available at low-interest rates
- Almost all major banks and NBFCs offer car loans in Moradabad in your vicinity
- The documentation process is quick, systematic and hassle-free
- Car loans are easily available through DialaBank
- flexibility in choosing your own tenure for the loan
Car Loan Moradabad Interest Rates
Apply for a Car Loan| 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 Moradabad Documents Required
The essential documents required for a car loan approved in Moradabad are as follows:
For Salaried Individuals:
- Proof of Identity: Passport copy, Electoral Photo ID card, Driving License, or PAN Card can be used as Identity proof.
- Proof of income: Last 3 months salary slip or six months salary slip along with ITR.
- Residence Proof: Life Insurance Policy, Driving License, PAN Card, Electoral Photo ID Card, and, Electricity Bill are valid address proofs.
- Bank Statement for the former six months.
For Self-employed individuals:
- Proof of Identity: Passport copy, Electoral Photo ID card, Driving License, or PAN Card can be used as Identity proof.
- Proof of Income: Income Tax Return.
- Residence Proof: Life Insurance Policy, Driving License, PAN Card, Electoral Photo ID Card, and, Electricity Bill are valid address proofs.
- Bank Statement for the former six months.
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Car Loan Moradabad Eligibility Criteria
The car loan eligibility requirements are as followed in Moradabad:
For Salaried Individuals:
- The minimum age required is 21 years.
- The maximum age at the loan maturity time should be 65 years.
- The salaried applicant should be employed for 1 year in current employment and a minimum of 2 years of total employment.
- The minimum annual income for the salaried applicant should be Rs 1,00,0000 net annual income.
For Self-employed Individuals
- The minimum age required is 21 years.
- The maximum age at the loan maturity time should be 65 years.
- The Self-employed applicant must be active in Business for at least three years.
- The Self-employed applicant should have a net profit of Rs 60,000 per annum for standard cars and Rs 1,00,000 per annum for mid-sized elite cars.
How to Apply for Car Loan in Moradabad?
Apply for a Car LoanAvailing a car loan Moradabad is an easy process with DialaBank. All you have to do is follow some steps to avail the best offers with great efficiency:
- 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 and we set up a hassle free car loan documentation process providing you with the best interest rate.
Car Loan for major car manufacturers in Moradabad
TABLE WILL APPEARProcessing Fees/Prepayment Charges on Car Loan in Moradabad
| 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 Moradabad
Apply for a Car LoanA CIBIL score of 750 is considered ideal for a car loan. If it is lower than 750, you might have to pay a high rate of interest. For a smooth loan process, you need to keep your CIBIL score high. Most banks and NBFCs regard 750 and above as a good score to support your loan application process in Moradabad. This score is a relevant factor for approving your car loan.
Car Loan Moradabad Contact Number
In case you have any queries regarding the car loan in Moradabad, you may contact us on the number 9878981166 for trustworthy assistance.
Pre Calculated EMI Table for Car Loan Moradabad
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 Moradabad
Apply for a Car LoanOften called as “Pital Nagri”(Brass City), Moradabad is located in Uttar Pradesh. It is famous for its brass handicrafts industry. Some of the important landmarks of the city are its Jama Masjid, Shri Parshvanath Digambar Jain Mandir, and Rambagh Dham. According to the 2011 census, the population of the city is 9 lakhs.
Car Loan EMI Calculator Moradabad
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| Car Loan Lucknow | Car Loan Kannauj |
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| Car Loan Lalganj | Car Loan Jaunpur |
