Car Loan Wankaner

Car Loan Wankaner

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Best Banks for Car Loan in Wankaner

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 Wankaner Features

The car loan in Wankaner has a lot of features that are only made available by dialabank at just a click. There are many banks and other lending institutions that provide car loans in wankaner and these institutions provide car loan Wankaner in much different interest rates which are dependent upon the CIBIL score of the person applying for the loan to avail of a car. You can pay the loan in 1 to 5 years easily by paying the installments.

Car Loan Wankaner 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 Wankaner Documents Required

Documents required for car loan are as followed:

For Salaried Employee

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

For Self Employed

Identity Proof: Voters ID card, Driving License, Passport, PAN Card photocopies of the applicant
Address Proof: Voters card/Passport Copy/Telephone Bill/Ration card/Driving license/Electricity Bill/Life Insurance Policy/PAN Card copy of the applicant
Bank Statement: Last 6 months bank statement photocopy of the individual
Income Proof: – Latest Income Tax Report copy of the applicant

Car Loan Wankaner Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

Minimum age: 21 years old
Minimum Annual Income: For Salaried Rs 100000 net annual income
Maximum age at loan maturity: 65 years old
Minimum employment: For Salaried- 1 year in current employment and a minimum of 2 years of employment

For Self Employed

Minimum age: 21 years old
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 per annum for mid-sized and premium cars
Maximum age at loan maturity: 65 years old
Minimum employment:– at least 3 years in business

Car Loan for Major Manufacturers in Wankaner

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Processing Fees & Prepayment Charges on Car Loan Wankaner

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 Wankaner

Almost every banking and lending institution has its criteria for the minimum CIBIL score required for processing the Car Loan application in Wankaner so that they can minimize the risk of lending to you and also if your CIBIL score is high you get an interest rate at a much lower interest rate than others. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions look at the overall score and also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Wankaner Contact Number

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You can get a car loan Wankaner easily from dialabank by contacting the number 9878981166. You can also visit our website for further assistance Dialabank

Pre Calculated EMI Table for Car Loan Wankaner

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 Wankaner

Wankaner is a city and a municipality in the Morbi district in the State of Gujarat. Until 2013, Wankaner was part of the Rajkot district. The city was named after its location on the Machhu River, “Wankaner” translating to “Riverbend” (“Wanka” – bend, ” -ner” – river) in Gujarati. Wankaner is embraced by one of its beautiful heritage site that is the Wankaner Palace.

Car Loan EMI Calculator

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Car loan EMI can be calculated by Car loan EMI Calculator. You can use a dialabank EMI calculator too. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on the profile, the interest rate on the loan is determined. EMI is calculated based on the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the car loan.