Car Loan Solapur

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Best Banks for Car Loan in Solapur

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 Solapur Features

Are you going out of cash?

Do you want to buy your dream car?

At Dialabank, you can apply for a car loan and fulfill your dream to purchase a car. Though, there are conditions that you should fulfill in order to get it.

What are some Car Loan Solapur features?

Car Loan Solapur aims to provide financial assistance at the best affordable interest rates. If your CIBIL score is high, not only you will get a loan easier but you can also get good interest rate with a high tenure of repayment.

All the banks and NBFCs are willing to provide best car loans. you can get the loan amount for the Ex-showroom price and also, if needed you will get a loan for on-road price also.

Car Loan Solapur Interest Rates

Apply for a Car Loan

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 Solapur Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

Identity Proof: Passport copy, PAN Card, or Driving License, Voters ID Card are eligible as ID proof.
Proof of Income: Last three months’ or last six months’ salary certificate with Income Tax Return filed.
Residence Proof: Driving License, Electoral Photo ID Card, PAN Card, Electricity Bill, and Life Insurance Policy are valid address proofs.
A Bank Statement is required for the previous six months.

For Self-Employed Individuals

Identity Proof: Passport copy, PAN Card, or Driving License, Voters ID Card are eligible as ID proof.
Income Proof: Income Tax Return.
Residence Proof: Driving License, Electoral Photo ID Card, PAN Card, Electricity Bill, and Life Insurance Policy are valid address proofs.
A Bank Statement is required for the previous six months.

Car Loan Solapur Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried employee:

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment.
Minimum Annual Income: For Salaried Rs 100000 net annual income.

For Self-Employed Individuals:

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: At least 3 years active in Business.
Minimum Annual Income: A net profit of Rs. 60000 per annum for standard cars and Rs 100000 per annum for premium mid-sized cars.

How to Apply for Car Loan in Solapur?

Apply for a Car Loan

Visit Dialabank
Proceed to the loan section and select an auto loan followed by a car loan link.
Provide all your details, including your phone number.
You will get a phone call from our experts, and they will lead you further.

Car Loan for major car manufacturers in Solapur

TABLE WILL APPEAR

Processing Fees/Prepayment Charges in Car Loan Solapur

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 Solapur

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Every financial institution has its criteria for the CIBIL score eligible for processing the Car Loan application in Solapur so that they can reduce the risk of lending to the customer. Most institutions require a minimum score of CIBIL of 750 or higher to process your car loan application. Also having a good CIBIL score helps you get loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed performance on the previous loans taken. This includes specifications on the type of loan taken and the amount rented. Any delayed payments for previous loans can act as a barrier to your fresh loan.

Car Loan Solapur Contact Number

You can get a instant car loan in Solapur easily from dialabank by contacting the number 9878981166.

Pre Calculated EMI Table for Car Loan Solapur

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 Solapur

Apply for a Car Loan

In the state of Maharashtra, Solapur is a city in the southwestern region that shares its border with Karnataka. Located on a major highway, it has a rail route between Mumbai, Pune, Bangalore, and Hyderabad. Apart from all this, it is considered the fifth biggest city in Maharashtra, and the 49th most populous city in India. As of 2011, the population of Solapur was 951,118 people.

Special Note: Banks don’t provide Car Loans to faulty credit holders, but one can fulfill their money condition with Gold Loan easily.