Best Banks for Car Loan in Muzaffarnagar
Car Loan Muzaffarnagar Features
Thinking of buying your luxurious dream car? But don’t have enough money for it?
Don’t worry! DialaBank provides you the best option for a car loan in Muzaffarnagar. A car loan is a means of funding your favorite car provided by banks and NBFCs to applicants at an affordable rate of interest throughout the country to cater to your needs.
Since the cost of cars is rising rapidly daily a car loan is very important and fulfills your desire to be the owner of a luxurious car. The main features of a car loan in Muzaffarnagar are:
- Car loans in Muzaffarnagar are available at low-interest rates
- Car loans are easily available through DialaBank
- Almost all major banks and NBFCs offer car loans
- The less documentation process is quick and hassle-free
Car Loan Muzaffarnagar 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
Car Loan Muzaffarnagar Documents Required
Documents required for car loan are as followed:
For Salaried Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest 3-month salary slip with form 16
- Address Proof: Telephone Bill / Electricity Bill / Life Insurance Policy / Ration card / Driving license / Voters card / Passport Copy / PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individuals:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: Latest Income Tax Return
- Address Proof: Driving license / Voters card / Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Car Loan Muzaffarnagar Eligibility Criteria
The car loan eligibility requirements are as followed in Muzaffarnagar:
For Salaried Individuals:
- Minimum age: 21 years
- Minimum employment: 1 year in the current place of work and 2 years of total employment.
- Minimum Annual Income: Rs 100000 net annual income.
- Maximum age at loan maturity: 65 years
For Self Employed Individuals:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: A minimum of 3 years in business.
- Minimum Annual Income: Net profit of Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
How to Apply for Car Loan in Muzaffarnagar?
Availing a car loan Muzaffarnagar is an easy process with Dialabank. Just follow some steps to avail the best offers:
- Visit our website and click on the car loan option available on the menu. Fill in the details regarding the car type and your income. Our relationship manager will soon get in touch with you on your provided number.
- You may also contact our relationship managers on the number +919878981166 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!
Car Loan for Major Car Manufacturers in Muzaffarnagar
TABLE WILL APPEARProcessing Fees & Prepayment Charges on Car Loan Muzaffarnagar
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 in Muzaffarnagar
The credit score popularly known as the Cibil score is what defines your ability to pay off your past due credits. A higher Credit score defines your good credit history which makes your application process quick and easy to be processed further.
Usually, most of the banks and NBFCs require a credit score of 750 and above to approve your car loan application process in Muzaffarnagar. This score may further vary from bank to bank as per requirements. In case a CIBIL score is less than the required value of the bank you will be required to pay a high rate interest rate on the loan amount.
Apply for a Car LoanCar Loan Muzaffarnagar Contact Number
Dial us up at +919878981166 to get more information about car loans at Muzaffarnagar 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 Muzaffarnagar
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 Muzaffarnagar
Muzaffarnagar is a also city under Muzaffarnagar Urban Metropolitan Region and is controlled by municipal boards in the Indian state of Uttar Pradesh. It is also a part of the National Capital Region. It is the famous headquarters of the Muzaffarnagar district
Apply for a Car LoanCar Loan EMI Calculator
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