Car Loan Rishikesh

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Best Banks for Car Loan in Rishikesh

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 Rishikesh Features

car loan rishikesh

If you want to buy a car without entirely paying for it, then we have a solution for you. Dialabank helps you to avail the best offers for car loan for both brand-new and second-hand cars, and for both ex-showroom and on-road prices. We provide you access to many features of car loans in Rishikesh such as: –

The documentation process is quick and hassle-free, so we can help you fulfill your dream with great efficiency.
Car loans are easily available through Dialabank.
Full funding is available for new cars while up to 85% of the funding is available for used ones.
A flexible tenure entirely up to your choice.

Car Loan Rishikesh 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

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Car Loan Rishikesh Documents Required

Documents required for car loan are as followed:

For Salaried Employees

Identity Proof in the form of, PAN Card, Passport copy, Voters ID card, Driving License, or any other proof
Income Proof – Latest 3-month salary slip with adjoining form 16
Address Proof: Ration card / Driving license / Voters card / Passport Copy / Life Insurance Policy / Electricity Bill / /PAN Card
Bank Statements for the last previous 6 months.

For Self Employed

Identity Proof in the form of, PAN Card, Passport copy, Voters ID card, Driving License, or any other proof
Income Proof – Previous few years ITR
Address Proof: Ration card / Driving license / Voters card / Passport Copy / Life Insurance Policy / Electricity Bill / /PAN Card
ITR must be filed for the last previous 2 years for self-employed people.

Car Loan Rishikesh Eligibility Criteria

The car loan eligibility requirements are as followed:

Salaried Individuals:

The age should be a minimum of 21years.
He/she should not be more than 60 years to avail a car loan.
A CIBIL score of 750 and above is a must.
He/she should have been working for a minimum of 1 year in current employment and a previous minimum of 2 years of employment
He/she should be earning a minimum of Rs 100000 per year

Self-employed Individuals:

The age should be between 30-65 years to avail of a car loan.
A CIBIL of 750 and above is required.
At least 3 years of working business.
A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Rishikesh

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Rishikesh

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 Rishikesh

The CIBIL score is assessed by banks and NBFCs so that they can differentiate trustworthy borrowers from others and avoid bad loans. A Credit score is based on your repayment history, a good score means good credit history and makes your car loan application process smooth and easy, and vice versa. A score of 750 and above is considered an excellent CIBIL score.

Car Loan Rishikesh Contact Number

Apply for a Car Loan

In case of any queries regarding a car loan in Rishikesh, you may contact us on the number 9878981166 for trustworthy assistance or visit Dialabank

Pre Calculated EMI Table for Car Loan Rishikesh

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 Rishikesh

Rishikesh, or Hrishikesh, is located in the state of Uttarakhand in the Himalayan foothills on the banks of the river Ganga. The city is renowned for learning yoga and meditation and is dotted with temples and ashrams. Some popular sites include the Ram Jhula, the Laxman Jhula, the Parmarth Niketan Ashram etc. Its population is around a lakh. Through out the year this city remains flooded with tourists in search of soul. This city is known for its spirituality with hundreds of temples and ghats.