Best Banks for Car Loan in Singrauli

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 Singrauli Features

A car loan is financial funding provided by banks and NBFC’s to make your dream come true of having your personal car. It is not a difficult task nowadays availing for a car loan as numerous products have come into the market to cater to the needs of a buyer. Moreover, if you want to buy a pre-owned car, financial institutions also provide the service of used car loans which can be used for financing a used car. Car Loans come at an affordable rate of interest and requires minimal documentation.

Car Loan Singrauli 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 Singrauli Documents Required

Documents required for car loan are as followed:

For Salaried Employees

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

For Self Employed

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

Car Loan Singrauli Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employees

1. The age limit for a car loan is 21 to 65 years
2. A salaried employee must be working in the current organization for at least a year.
3.  An employed individual must have a minimum salary of Rs 25000.

For Self Employed

1. The age limit for a car loan is 21 to 65 years
2. An individual must have their business running from at least the past three years.

Car Loan for Car Manufacturers in Singrauli

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Singrauli

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 Singrauli

CIBIL score is an essential criterion based on which the banks and NBFCs approve a car loan to any customer. The minimum requirement of a CIBIL score for a car loan varies from bank to bank. Generally, a score above 800 is considered to be decent for any individual to be eligible to apply for a car loan.

It is important that one should clear all the pending dues and debts in order to maintain a good credit score. Default in your credit score may hinder your opportunities for availing a fresh loan in the future.

Car Loan Singrauli Contact Number

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To get an instant car loan you can visit our website Dialabank or call on 9878981166 to get personalized assistance. Our executives are well trained and will assist you in the best way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Car Loan Singrauli

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

You can calculate your EMI here: Car Loan EMI Calculator

About Singrauli

A city situated in the state of Madhya Pradesh, Singrauli is significantly known for its coal mining and power plants set up all across the town. It is also known as India’s Energy Capital and is one of the most important districts of Madhya Pradesh in terms of economic success. Although the place is rich in natural resources, it has still managed to preserve its national heritage sites. Numerous lakes, rock-cut caves, river falls, and an important dam is located in the town of Singrauli.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfill their money requirement with Gold Loan easily.

Car Loan EMI Calculator

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