Car Loan Sonepat

Car Loan Sonepat

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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

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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

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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
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 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

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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.