Best Banks for Car Loan in Rudrapur
Feature |
HDFC Bank |
Private Bank |
Kotak Mahindra Bank |
Interest Rate |
8% - 8.4 % |
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 Rudrapur Features
Car Finance is a better and smarter way to accomplish the need of buying your own vehicle. Car loan is a loan that provides financing about 90% of the actual car value. One can easily avail of this loan by simple and easy loan procedures.there will be no burdened on you because you can repay the loan amount as EMIs in every month and also you can take high tenure up to 10 years.
Car Loan Rudrapur Interest Rate
Car loan interest rates change every time, again and again, so it’s important to monitor them. Your loan’s interest rate impacts the amount you’re going to pay for the month to month. Furthermore, a lower interest rate can mean a huge number of rupees in savings. Our rate table can assist you in realizing the best ideal opportunity to purchase a vehicle.
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 Rudrapur Documents Required
Documents required for car loan are as followed:
For salaried:
- Passport copy, PAN Card, Voters ID card, Driving License are required
- Income proof- Latest 3-month salary slip with form 16
- Ration Card/Passport Copy/ Telephone Bill/Electricity Bill/Life Insurance Policy is required to apply for the loan
- Last 6 months bank statement
For self-employed:
- Passport copy, PAN Card, Voters ID card, Driving License are required
- Income proof- Latest Income Tax Returns required
- Ration Card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance Policy is required to apply for the loan
- Last 6 months bank statement
Car Loan Rudrapur Eligibility Criteria
The car loan eligibility requirements are as followed in Rudrapur:
For Salaried:
- Firstly, the minimum age of the applicant should be not less than 21 years. Further, the maximum age should be 65 for loan maturity.
- Minimum employment: At least 1 year in current employment and a minimum of 2 years of employment.
- Minimum Annual Income: It should be Rs 1,00,000 net annual income.
- Also, the contact number is required.
For Self Employed:
- Firstly, the minimum age of the applicant should be 30 years or above. The maximum age should be 60 at loan maturity.
- In this, minimum employment should be at least 2 years in business furthermore, minimum annual income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars.
For Partnership Firms:
- First, the minimum income should be Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars. Likewise, the minimum turnover should be not less than Rs. 4.5 lakh.
Car Loan for Major Car Manufacturers in Rudrapur
TABLE WILL APPEAR
Processing Fees & Prepayment Charges on Car Loan Rudrapur
Click here for the processing Fees and Prepayment charges on a car loan.
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 Rudrapur
CIBIL score plays a key role while getting the loan. If your CIBIL score is between 750-900, you will get the quick loan approvals. If the CIBIL score is less than 700 then your application will be pending. Make sure you check your CIBILl score before you apply for the loan.
Car Loan Rudrapur Contact Number
For instant help and any more queries, you can call 9878981166.
Pre Calculated EMI Table for Car Loan Rudrapur
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 |
Car Loan EMI Calculator
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