Car Loan Siwan

Car Loan Siwan

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Best Banks for Car Loan in Siwan

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 Siwan Features

Car loan Siwan Thinking of purchasing your dream car? But don’t have the required funds? Worry not! A car loan is here for you. A car loan is a means of funding or financial help provided by banks and NBFCs to applicants at an affordable rate of interest to aid them in buying a car. Since cars have now become a necessity for everyone, but the cost of cars is growing rapidly daily. This is where a car loan comes into play and fulfills your desire to be the owner of a luxurious car. The main features of a car loan in Siwan are:

Car loans are available at low car loan interest rates
Almost all major banks and NBFCs offer car loans in Siwan
The documentation process is quick and hassle-free
Car loans are easily available through Dialabank

Car Loan Siwan 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 Siwan Documents Required

Documents required for car loan are as followed:

For Salaried Employees

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest 3-month salary slip with form 16
Address Proof: 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

Identity Proof: Passport copy, PAN Card, Voters ID card, Driving License
Income Proof: Latest ITR proof
Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months

Car Loan Siwan Eligibility Criteria

The car loan eligibility criteria requirements are as followed:

For Salaried Employee

Minimum age: 21 years old for salaried and 30 years for self-employed
Maximum age at loan maturity: 65 years old
Minimum Annual Income: Rs 100000 net annual income is considered in Siwan
Minimum employment: 1 year in current employment and a total of 2 years of employment experience in the past

For Self Employed

Minimum age: 21 years old for salaried and 30 years for self-employed
Maximum age at loan maturity: 65 years old
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars for the applicant of Siwan.
Minimum employment: at least 3 years in business

Car Loan for Major Car Manufacturers in Siwan

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Siwan

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 Siwan

The Cibil score is what defines your ability to pay off your credits. A higher Credit score defines your good credit history and makes your application process smooth and easy to be processed. Usually, banks and NBFCs require a credit score of 750 and above to approve your car loan application process in Siwan. This score may vary from bank to bank. In case a CIBIL score is less than the required value you will be required to pay a high rate interest rate on the car loan amount.

Car Loan Siwan Contact Number

Apply for a Car Loan

In case of any queries regarding the car loan in Siwan, you may contact on the number 9878981166 for any sort of assistance.

You can also visit our website at Dialabank

Pre Calculated EMI Table for Car Loan Siwan

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 Siwan

Siwan is a city and Nagar Parishad situated in the Indian state of Bihar. It is the administrative headquarters of Siwan district and one of the urban settlements out of three in the district. It lies in close proximity to Uttar Pradesh.