Car Loan Vasai

Car Loan Vasai

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Best Banks for Car Loan in Vasai

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 Vasai Features

car loan vasai A car loan is the form of financial help and assistance provided by banks and NBFC’s to fulfill your dream of having your car. They provide the required funding for purchasing a car, whether a new one or used, which can be on Ex-Showroom Price or On-Road Price of the car. A Car loan is a secured form of a loan with easy repayment options in the form of installments. Availing a car loan is easy provided you have the required necessary documents and you fulfill the required eligibility criteria.

Usually, banks offer you a loan on the Ex-showroom price of the car but in case you want a loan of the On-road price it will require certain requirements to be fulfilled. We offer you the best deals available across several banks and NBFCs so that you can choose the right one for yourself.

The features of a car loan in Vasai are:

Easy documentation
Lowest interest rates available
Fast disbursal
Car loans are secured in nature
Instant approval of loan application on applying with Dialabank

Car Loan Vasai 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

Apply for a Car Loan

Car Loan Vasai Documents Required

Documents required for car loan are as followed:

For Salaried Employees

2 passport size photocopies are necessary.
Proofs like PAN Card, Voters ID card, Driving License are required.
For Salaried– Latest 3-month salary slip with form 16.
Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
The last 6 months’ bank statement is needed.

For Self Employed

2 passport size photocopies are necessary.
Proofs like PAN Card, Voters ID card, Driving License are required.
For Self Employed- Latest Income tax returns required.
Ration card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy is required to apply for the loan.
The last 6 months’ bank statement is needed.

Car Loan Vasai Eligibility Criteria

The car loan eligibility requirements are as followed:

Salaried Individuals:

The age should be a minimum of 21years.
He/she should not be more than 60 years to avail a car loan.
A CIBIL score of 750 and above is a must.
He/she should have been working for a minimum of 1 year in current employment and a previous minimum of 2 years of employment
He/she should be earning a minimum of Rs 100000 per year

Self-employed Individuals:

The age should be between 30-65 years to avail of a car loan.
A CIBIL of 750 and above is required.
At least 3 years of working business.
A minimum of Rs. 60000 p.a net profits for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Car Manufacturers in Vasai

Apply for a Car Loan

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Vasai

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 Vasai

CIBIL score is what describes your creditworthiness of the past. So, it is an important aspect to consider while availing a car loan. The CIBIL score required for car loans may vary from one lender to another. Most banks accept a CIBIL score of 750 and above to process your car loan application. In the case of low CIBIL score, you might be required to pay a heavy interest rate on the loan amount.

Car Loan Vasai Contact Number

Apply for a Car Loan

For any queries related to a car loan in Vasai kindly contact on the number 9878981166. You can also contact us on our website for further information at Dialabank

Pre Calculated EMI Table for Car Loan Vasai

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 Vasai

Vasai is popularly known as Vasai–Virar is a city and tehsil in the Konkan division of Maharashtra state in western India, constituting the most populated part of Palghar district and is also an important part of Mumbai Metropolitan Region. According to the 2011 census, it is the fifth-largest city of Maharashtra state.