Car Loan Vadodara

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Best Banks for Car Loan in Vadodara

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 Vadodara Features

Want to buy a car but don’t have the funds needed to buy it? A car loan is what you need. A car loan is a secured loan with easy repayment options available for the applicants. What you can make use of is a car loan. The amount of the loan is offered on interest charges which vary from lender to lender. You can use a car loan to purchase a new vehicle, as well as a used vehicle. Requirements for auto loans vary from lender to lender. So if you want to buy your dream car, get an instant car loan.

Car Loan Vadodara

Car Loan Vadodara 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 Vadodara Documents Required

Documents required for car loan are as followed:

For Salaried:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest 3-month salary slip with form 16
Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

For Self Employed:-

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

Car Loan Vadodara Eligibility Criteria

The car loan eligibility criteria requirements are as followed in Vadodara:

For Salaried:-

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 1,00,000 net annual income

For Self-Employed:-

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: at least 3 years in sales
Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

How to Apply for Car Loan in Vadodara?

With Dialabank, it is simple to apply for a car loan in Junagadh. Just visit our Dialabank website and follow the steps below:

Click on the option to loan a car.
When needed, fill in the information, such as name, venue.
Click Send A Quote
Our car loan Relationship manager will soon contact you to assist you through the process further.

You can also apply for a car loan offline by visiting the nearest banks offering car loans. But that would limit your option to only a single offer. It would also require you to make multiple visits to the banks to get your loan approved. Thus, when you think of a car loan, Dialabank is your best option available.

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Car Loan for Major Car Manufacturers in Vadodara

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Vadodara

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 Vadodara

CIBIL score is a description of your past creditworthiness. So, consideration when making use of a car loan is an important aspect. The CIBIL score required for car loans may vary from lender to lender. Most banks accept a CIBIL score of 750 and above to process your car loan application. On the other hand, you pay heavy car loan interest rates on the loan amount in case of a low CIBIL score.

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Car Loan Vadodara Contact Number

For any queries regarding the car loan in Kishanganj, you may contact the number 9878981166. We are always there to help you out in smoothening the car loan process.

Pre Calculated EMI Table for Car Loan Vadodara

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 Vadodara

Vadodara is the third-largest town within the Indian state of Gujarat. It is the executive headquarters of the Vadodara District and is located at the banks of the Vishwamitri river, 141 kilometres (88 mi) from the country capital Gandhinagar. The railway line and NH eight that connect Delhi and Mumbai bypass thru Vadodara. The city was named due to the copious quantity of Banyan(Vad) timber present here. The city is likewise famous as Sanskari Nagari and Kala Nagari.

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