Car Loan Tikamgarh

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Best Banks for Car Loan in Tikamgarh

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 Tikamgarh Features

car loan tikamgarh Have a dream car in mind but don’t have the sufficient funds to get it? Want to own a personal vehicle that can fulfil your essential need in Tikamgarh? Apply for a car loan in the city at affordable interest rates.

Millions of Indians today are using their mobile phones on the go. Many seek to own their own car to reach their destination in time and utmost comfort. The years of waiting and saving are over now!. A Car Loan will help your dream of owning a vehicle come true!

A car loan is a type of secured loan that a person can avail to buy a new or a used car, however, required. The collateral security, in this case, is the vehicle a person wants to buy and is taking a loan for.

Easy monthly repayment options
Instantly available
Loan Tenure period varies from 5-7 years
Affordable interest Rates
Easily and quickly available loans
No hidden charges

Car Loan Tikamgarh 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 Tikamgarh Documents Required

Documents required for car loan are as followed:

For Salaried Individuals:

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

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

Car Loan Tikamgarh Eligibility Criteria

The car loan eligibility requirements are as followed in Tikamgarh:

For Salaried Applicants

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: 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 for standard cars and Rs.100000 per annum for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Tikamgarh

TABLE WILL APPEAR Apply for a Car Loan

Processing Fees / Prepayment Charges on Car Loan Tikamgarh

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 Tikamgarh

CIBIL score is an essential criterion for availing a car loan in Tikamgarh 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 in your city varies from bank to bank. Generally, a score above 750 is considered to be a good score for any individual to be eligible to apply for a car loan in the city at low rates.

It is important that one should clear all the previous pending dues and debts in order to maintain a good credit score, before availing a car loan in the city. Default in your credit score will hinder your opportunities for availing a fresh loan in the future from any lender.

Car Loan Tikamgarh Agent Contact Number

To get an instant car loan in Tikamgarh, you can visit our website Dialabank or call us on the number 9878981166 to get any sort of assistance regarding your loan.

Pre Calculated EMI Table for Car Loan Tikamgarh

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 Tikamgarh

About Tikamgarh

Tikamgarh is a town and a tehsil in Tikamgarh district in the Indian state of Madhya Pradesh. The city serves as a district headquarters. The earlier name of Tikamgarh was Tehri consisting of three hamlets, forming a rough triangle. In Tikamgarh town there is locality still known as ‘Purani Tehri’.

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