Car Loan Sendhwa

Car Loan Sendhwa

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Best Banks for Car Loan in Sendhwa

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 Sendhwa Features

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Purchasing a car is a difficult task for the single earner of the family, but there is a saying if all of the doors are not opened there is always a ray of hope. Thus, Car Financing is the best way to attain money in a short time. It is a better way to arrange finances to purchase the dream car with ease.

We provide car loans starting at an attractive interest rate to both self-employed as well as salaried individuals. We offer car loans for the new and used cars.

Some key features of car loan in Sendhwa are the following:

Easy monthly repayment options are convenient for you.
Instantly car loan available
Loan Tenure period varies from 1-7 years
There is a provision of an affordable interest Rates offers to fulfill your desires.
There are no hidden or additional charges for assistance about the car loan.

Car Loan Sendhwa 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 Sendhwa Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

For Self Employed Individuals:

Name Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest ITR
For Address Verification(anyone): Ration card/ Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Car Loan Sendhwa Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Applicants

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: 1 year in current employment and 2 years minimum of 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 and for mid-sized and premium cars, Rs.100000 per annum

Car Loan for Major Car Manufacturers in Sendhwa

TABLE WILL APPEAR

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Processing Fees / Prepayment Charges on Car Loan in Sendhwa

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 Sendhwa

CIBIL score reflects your credit history in the past as well as your defaults in a refund of your previous loans. A good credit score is considered as 750 and above as most of the financial foundations ask for a high credit score. Every bank and NBFC has criteria for a minimum CIBIL score they require to process your Car Loan Sendhwa. The CIBIL score lower than 750 can attract a higher car loan rate of interest.

A very low CIBIL score can lead to disapproved of your loan as it is the first thing a bank tracks before processing your car loan. Your record of previous loans is taken into consideration for a Car Loan Sendhwa. If there are any late payments for previous loans, it will create a barrier for the availing of a fresh loan.

Car Loan Sendhwa Agent Contact Number

For any queries regarding the car loan in Sendhwa, you can call us on 9878981166.

Pre Calculated EMI Table for Car Loan Sendhwa

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 Sendhwa

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About Sendhwa

Sendhwa is a city with a municipal government in the Barwani district in Madhya Pradesh, India. Sendhwa is the headquarters for Sendhwa tehsil. It has covered an area of 18 square kilometers.

According to the 2011 census, it had a population of 56,485. Is has an average literacy rate of 63% which is higher than the national average of 59.5%.