Car Loan Silvassa

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Processing Charges for Car Loan in Silvassa

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

Best Banks for Car Loan in Silvassa

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 Silvassa Features

Want to buy a luxury car but do not have enough funds for it? Worry not! A car loan might just be what you need. Car Loan is a secured loan with easy repayment options available for the applicants in the form of monthly installments. The loan amount is offered on Interest rates, which differ from one lender to another. You can get a car loan for purchasing a new car as well as a used car, as per your needs. The car loan requirements and criteria vary from one lender to another. So if you are thinking of purchasing your dream car, get an instant Car loan with DialaBank at the best offers available.

Car Loan Silvassa 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 Silvassa Documents Required

Documents required for car loan are as followed:

For Salaried Employee

Identity Proof: PAN Card, Voters ID card, Driving License, or any other document available
Income Proof: The Latest 3-months salary slip, Form 16 is also required
Address Proof: Ration card / Passport /PAN Card or any other relevant proof/ Telephone Bill / Electricity Bill / Life Insurance Policy
Bank Statement: previous 6 months for the applicants.

For Self Employed

Identity Proof: PAN Card, Voters ID card, Driving License, or any other document available
Income Proof: The Latest ITR filing proofs
Address Proof: Ration card / Passport /PAN Card or any other relevant proof/ Telephone Bill / Electricity Bill / Life Insurance Policy
Bank Statement: previous 6 months for the applicants

Car Loan Silvassa Eligibility Criteria

The car loan eligibility requirements are given as follows:

For Salaried Employees

1. The minimum age of the applicant is 21 years.
2. The maximum age of the applicant is 65 years.
3. For Salaried, the annual income should get more than Rs.3 lakhs and also for the standard cars, the applicant should get more than 3 lakhs of income.
4. 1 year in current employment and also a minimum of 2 years of employment must for the salaried applicant.

For Self Employed

The minimum age of the applicant to apply for the loan is 21 years.
The maximum age of the applicant to apply for the loan maturity is 65 years.
The net annual income should be more than 4lakhs also for the standard cars; the applicant should have more than 3lakhs of income.
The applicant should have at least 3 years in business. So that the applications can get approval quickly and also the applicant should submit income tax return(ITR) files.

Car Loan for Major Car Manufacturers in Silvassa

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loa

CIBIL Score Required for Car Loan in Silvassa

CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing of a car loan. The CIBIL score required for car loans may vary from one bank to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In case of a low CIBIL score, you might be required to pay a heavy interest rate on the loan amount.

The Higher the CIBIL score, the easier it becomes for an applicant to avail of a car loan in the city.

Car Loan Silvassa Contact Number

For any queries related to car loan in Silvassa, you may contact on the number 9878981166. Or you can also visit us on our website Dialabank.

Pre Calculated EMI Table for Car Loan Silvassa

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 Silvassa

Silvassa is a city in western India. It is the central command of the Dadra and Nagar Haveli locale of the associated domain of Dadra and Nagar Haveli and Daman and Diu, India. The city has numerous production lines and ventures, giving critical government income, which permits the city to keep up a low degree of tax collection.