Best Banks for Car Loan in Nagaur
|
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 Nagaur Features
A car loan is a financial help provided by banks and NBFC’s to fulfill your dream of having your car. All the necessary funding is provided by them for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. With easy repayment options, car Loan is a secured loan. The loan amount varies from bank to bank is offered on Interest charges here. One can pay for the vehicle in easy installments.
Car Loan Nagaur 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
Apply for a Car Loan
Car Loan Nagaur Documents Required
Documents required for car loan are as followed:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License of the applicant
- Income Proof: For Salaried– Latest 3-month salary slip with form 16 of the applicant
- For Self Employed- Latest Income Tax Report of the applicant
- Address Proof: Ration card/Driving license/Voters card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy/PAN Card of the applicant
- Bank Statement: Bank statement of last 6 months of the applicant are needed.
Car Loan Nagaur Eligibility Criteria
The car loan eligibility requirements are as followed:
- Minimum age: 21 years old
- Age at loan maturity: Maximum 65 years old.
- Minimum employment: Salaried People- minimum of 2 years of employment experience and 1 year in current employment.
- For Self Employed– at least 3 years in business
- Minimum Annual Income: Net annual income for Salaried People should be Rs 100000 .
- For Self- Employed Net profit Rs.100000 per annum for mid-sized and premium cars, Rs. 60000 p.a for standard cars.
Car Loan for Major Car Manufacturers in Nagaur
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Nagaur
| 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 Nagaur
Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Nagaur so that they can minimize the risk of lending to you. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.
CIBIL score when higher helps to get a low level of interest rate on car loans.
The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.
Car Loan Nagaur Contact Number
You can get a car loan Nagaur easily from dialabank by contacting the number 9878981166.
Pre Calculated EMI Table for Car Loan Nagaur
| 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 Nagaur
Nagaur is a beautiful city situated in the state of Rajasthan in India. It is also the administrative headquarters of Nagaur District in Rajasthan. This city lies midway between Jodhpur and Bikaner.
Nagaur is famous for spices (Maithi). Nagaur have huge mineral resources. It also has a temple of Maheshwari community known as kuldevi in the name of deresiya mata mandir which is very famous.
Nagaur has a population of 3340234 as of 2011 India census.
Car Loan EMI Calculator
Car loan EMI can be calculated by Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the car loan Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.
Other Car Loan Cities In Rajasthan
| Car Loan Kishangarh | Car Loan Jalore |
| Car Loan Jodhpur | Car Loan Hanumangarh |
| Car Loan Jhunjhunu | Car Loan Dungarpur |
| Car Loan Jhalawar | Car Loan Chomu |
