Car Loan Rates EMI 2024

Car Loan Agra

Car Loan Agra

Last Updated : Jan. 11, 2019, 6:05 p.m.

About Agra

Agra is one of the top tourist destinations in India having one of the seven wonders-Taj Mahal. The city gives a great hope for start-up companies who want to start tourism business and falling short of money. Agra is not so costly and the maintenance cost is also not high. Since the city is one of the most populous cities of Uttar Pradesh. Agra is included on the Golden Triangle tourist circuit along with Delhi and Jaipur. So, it is quite obvious that the transportation system is also good. Agra is the second most self-employed cities in India and also the real-estate is one of the growing sectors of the Agra’s economy. Agra is a city with great road facility with highways connecting it with metro cities like Delhi. You can easily find people traveling from Agra to Delhi on a daily basis as a part of their work travel.

About Car Loan

Agra, with its road connectivity, is not so far from Delhi and hence the strength of the people traveling from Delhi to Agra or vice-versa is high. Even though the bus service is good, traveling by your own car is far more comfortable and convenient. So, if you are also looking for a car loan in Agra, you will be happy to hear that some of the tops banks in India offer car loans in Agra. You can also start your own cab service or get a car for personal use whatever. So, choose the best offer as per your requirement and apply for the bank that fulfills your needs.

Car Loan Agra in a nutshell

Interest Rate7.45% - 14.01%
Processing Fee₹500-₹5500; 0.25%-0.50% of the loan amount
Pre-payment/Part-payment ChargesPre-payment charges- 5% of the principal outstanding+service tax as applicable

Part-payment charges- 5% of the part payment amount+service tax as applicable
Tenure/Repayment1-7 years
Lowest EMI₹1,594-₹2,015(per lakh)

Eligibility Criteria required for Car loan in Agra

ParticularsSalaried IndividualsSelf-Employed IndividualPartnership FirmPrivate/Public Ltd. Company (in existence for at least 3 years)
AgeThe applicant should be above 18 years at the time of application, and up to 60 years of age at the time of maturity of the loanAny proprietor, partner, professional or director above 18 years but below 65 years at the time of the loan maturity.
IncomeMinimum gross annual income of at least ₹2,50,000/-Minimum gross annual income of at least ₹2,50,000/-Firm should have a minimum turnover of ₹2.50 lakhsMinimum turnover of ₹2.50 lakhs
Job StabilityThe total employment stability should be for at least 2 years and current employment stability of minimum 1 yearBusiness stability should be for at least 2 years

Documentation Required for Car Loan

  • Proof of Identity : Passport copy, PAN Card, Voter ID card, driving license( Laminated, Recent, Legible)
  • Proof of Address : Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
  • Proof of Income : Latest salary slip with form 16/Audited balance sheet, Profit & Loss Account for latest two years/a minimum turnover of ₹4,50,000 per annum/Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company/Latest ITR
  • Bank Statement : Last 6 months

Top 10 Banks offering Car Loan in Agra-Interest Rate and Address

Banks NameMain Branch AddressCar Loan Interest Rate (p.a.)
State Bank Of IndiaRakabganj Road, Chhipitola, Rakabganj, Agra, Uttar Pradesh7.20% - 7.90%
HDFC Bank4180/2 & 4182/1, M.G Rd 2, Near Kothi Meena Bazaar, Andar Nagar Palika, Kothi Meena Bazaar, New Shahganj, Agra, Uttar Pradesh 2820107.95% - 8.30%
ICICI BankSanjay Place, No. 6,8- 13, Ground Floor, Shanta Tower, Agra, Uttar Pradesh 2820027.90% Onwards
Axis BankShop No. A/G5,6,7,8 &AB 5,7,15. Block No. 41/4A Sanjay Place, Agra7.45% - 14.50%
Punjab National Bank4 & 5, Taj Rd, Opp. Nand Plaza, Sadar Bazar, Shahzadi Mandi, Idgah Colony, Agra, Uttar Pradesh 2820016.50% Onwards
Bank of IndiaAgra, 8/168, Jeoni Mandi BE, Post Bag No.2, Agra, 282004, Uttar Pradesh6.85% onwards
Bank of BarodaAgra Branch,13,mahatma Gandhi Road, Agra,2820017% onwards
Central Bank of India37/2/4, 1st Floor, Wazirpura Road, Sanjay Palace, Sanjay Place, Civil Lines, Agra, Uttar Pradesh 2820027.25% - 7.70%
Bank of Maharashtra11, RGHU Shopping Market, Agra - 2820036.40% onwards
IDBI BankIDBI Bank Ltd. D-73, Ground Floor, Near Shreeram Mandir Chowk, kamla Nagar, Agra-2820027.50% Onwards

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