Best Banks for Car Loan in Panipat
Feature
HDFC Bank
Private 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
Car Loan Panipat Features
- Easy monthly repayment options
- Instantly available
- Loan Tenure period varies from 1-7 years
- Affordable interest Rates
- No hidden charges
- Quick approval with minimum documentation
Car Loan Panipat Interest Rate
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 Panipat Documents Required
Documents required for car loan are as followed:
- Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Income Proof: For Salaried– Latest 3-month salary slip with form 16 / For Self Employed- Latest ITR
- Proof of Address: Driving license / Voters card /Ration card / Passport Copy / Electricity Bill / Life Insurance Policy /Telephone Bill / PAN Card
- Bank Statement: Last 6 months.
Apply for a Car Loan
Car Loan Panipat Eligibility Criteria
The requirement for car loan eligibility are as followed in Panipat:
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- 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: For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars. For Salaried Rs 100000 net annual income.
Car Loan for Major Car Manufacturers in Panipat
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Panipat
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 Panipat
Every lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Satara so that they can minimize the risk of lending to you. Most of the institutions require a minimum CIBIL score 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.
Car Loan Panipat Contact Number
You can contact us for all your loan queries on 9878981166, and we will be happy to assist you.
Pre Calculated EMI Table for Car Loan Panipat
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 Panipat
Panipat is a historical city in Haryana state. The city has witnessed three battles of life. It is popularly known as the “City of Weaver”. It is a city of carpets and textiles. It is one of the major cities in the state, and the total population of the city is 8.73 lakhs.
Panipat attractions include the Panipat battlefield memorial and Ibrahim Lodhi tomb.
Special Note: Banks don’t provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.
Car Loan EMI Calculator
