Best Banks for Car Loan in Sonepat
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 Sonepat Features
Nowadays everyone wishes to own a car to make life easier. But not everyone has the needed financial situation. Are you coping with this trouble? Don’t worry. We Dialabank financial services help consumers to compare, analyze, and choose the best loans possible.
We offer car loans starting at an attractive rate of interest 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 Sonepat are the following:
- Easy monthly repayment choices are available for you.
- Instantly car loan available
- Loan Tenure period varies from 1-7 years
- There is a provision of affordable interest rates offers to fulfill your wishes.
- There are no hidden charges
Car Loan Sonepat 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
Car Loan Sonepat Documents Required
A person should review the documents required for car loan before making a decision.
For Salaried Individuals:
- Evidence of Identification: Passport copy, PAN Card, Voters ID card, Driving License
- Earning Proof: Latest 3-month salary slip with form 16
- House 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 Individuals:
- Name Proof: Passport copy, PAN Card, Voters ID card, Driving License
- Earning Proof: Latest ITR
- One Accommodation 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 Sonepat Eligibility Criteria
To obtain the loan amount, a person must meet the Eligibility criteria for car loan.
For Salaried Applicants
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in the current job and a minimum of 2 years of job
- 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 in the case of standard cars and Rs.100000 per annum for mid-sized and premium cars
Car Loan for Major Car Manufacturers in Sonepat
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan in Sonepat
| 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 Sonepat
CIBIL score reflects your credit history in the past and your defaults in the refund of your previous loans. A good credit score is considered as 750 and above by the financial institutions ask for a high credit score. Every bank and NBFC has different criteria for a minimum CIBIL score they require to process your Car Loan Sonepat. A Lower CIBIL score than 750 can attract a higher car loan interest rate.
A very low CIBIL score can lead to refusal of your loan as it is the first thing a bank tracks before processing your loan. Your record of previous loans is taken into consideration for a Car Loan Sonepat. If there are any delay payments for previous loans, it will create an obstacle for availing of a fresh loan.
Car Loan Sonepat Agent Contact Number
Apply online with Dialabank and avail the best deals and special offers on a car loan with instant approval and extra benefits or you can make a missed call on this number for any queries regarding car loan in Sonepat 9878981166.
Our customer care representative offers you guidance and assistance to solve your queries regarding the car loan.
Pre Calculated EMI Table for Car Loan Sonepat
| 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 Sonepat
About Sonepat
Sonepat is a city and a municipal corporation in Haryana state, India. It falls under the National Capital Region and at a distance of 44 kilometers from Delhi. According to the 2011 census of India, it had a population of 278,149. The Yamuna River runs along with the eastern boundary.
