Car Loan Ponda

Car Loan Ponda

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Best Banks for Car Loan in Ponda

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 Ponda Features

Do you want to have your car? an automobile has become a necessity, in today’s fast-moving world. But not everyone is able to afford the huge price for these luxurious cars. To avail of the car loan which plays an important role in buying the new car, this is where we dialabank come in to help you.

With easy repayment options available, a Car Loan is a secured loan through various banks. In exchange for Interest charges on the principal amount, the loan amount is offered which vary from one bank to another.

Depending upon certain factors like your income, CIBIL score the car loan requirements vary. So if you are thinking of purchasing your dream car in Ponda, get an instant Car loan with DialaBank at an affordable best rate of interest.

Car Loan Ponda Interest Rates

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

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Car Loan Ponda Documents Required

A person must review the documents required for car loan before selecting the loan.

For Salaried Individuals:

Proof of Identity: Passport copy, Voters ID card,PAN Card, Driving License
Income Proof: form 16 with latest 3-month salary slip.
Residence Proof: Ration card / Voters card / Passport Copy /Driving license / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

For Self Employed Individuals:

1. Identification Proof: Passport copy, Driving License, Voters ID card, PAN Card,
2. Income Proof: Latest ITR
3. Address Proof: Life Insurance Policy / Ration card/ Voters card / Passport Copy /Driving license / Telephone Bill / Electricity Bill / PAN Card
4. Bank Statement: Last 6 months.

Car Loan Ponda Eligibility Criteria

The Eligibility criteria for car loan, as well as the procedure, must be examined.

For Salaried Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: a minimum of 2 years of employment experience and 1 year in current employment.
Minimum Annual Income: Rs.100000 net annual income

For Self-Employed Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 3 years in business
Minimum Annual Income: Net profit Rs. 60000 per annum for standard cars, Rs.100000 per annum for mid-sized and premium cars.

Car Loan for Major Car Manufacturers in Ponda

TABLE WILL APPEAR

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Processing Fees & Prepayment Charges on Car Loan Ponda

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
Prepayment Charges	>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 Ponda

To describe your creditworthiness of the past, CIBIL score is a numeric value that is used. So, while availing a car loan, it is an important factor to keep in mind. The CIBIL score required for car loans in Ponda may vary from one lender to another due to the presence of a huge number of lenders nowadays.

A CIBIL score of 750 and above to process your car loan application is required by most banks. To get your loan sanctioned you might be required to pay a heavy interest rate on the loan amount, in case of a low CIBIL score.

Car Loan Ponda Contact Number

For any queries regarding the car loan in Ponda, you may contact us on the number 9878981166.

Pre Calculated EMI Table for Car Loan Ponda

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 Ponda

Ponda is a city in the state of the Goa, India. If you are in urgent need of money and you have any query feel free to contact on on www.dialabank.com