Car Loan Agra
Last Updated : Jan. 23, 2017, 3:17 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
| Particulars | Details |
|---|---|
| Interest Rate | 7.45% - 14.01% |
| Processing Fee | ₹500-₹5500; 0.25%-0.50% of the loan amount |
| Pre-payment/Part-payment Charges | Pre-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/Repayment | 1-7 years |
| Lowest EMI | ₹1,594-₹2,015(per lakh) |
Eligibility Criteria required for Car loan in Agra
| Particulars | Salaried Individuals | Self-Employed Individual | Partnership Firm | Private/Public Ltd. Company (in existence for at least 3 years) |
|---|---|---|---|---|
| Age | The 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 loan | Any proprietor, partner, professional or director above 18 years but below 65 years at the time of the loan maturity. | ||
| Income | Minimum 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 lakhs | Minimum turnover of ₹2.50 lakhs |
| Job Stability | The total employment stability should be for at least 2 years and current employment stability of minimum 1 year | Business 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 Name | Main Branch Address | Car Loan Interest Rate (p.a.) |
|---|---|---|
| State Bank Of India | Rakabganj Road, Chhipitola, Rakabganj, Agra, Uttar Pradesh | 7.20% - 7.90% |
| HDFC Bank | 4180/2 & 4182/1, M.G Rd 2, Near Kothi Meena Bazaar, Andar Nagar Palika, Kothi Meena Bazaar, New Shahganj, Agra, Uttar Pradesh 282010 | 7.95% - 8.30% |
| ICICI Bank | Sanjay Place, No. 6,8- 13, Ground Floor, Shanta Tower, Agra, Uttar Pradesh 282002 | 7.90% Onwards |
| Axis Bank | Shop No. A/G5,6,7,8 &AB 5,7,15. Block No. 41/4A Sanjay Place, Agra | 7.45% - 14.50% |
| Punjab National Bank | 4 & 5, Taj Rd, Opp. Nand Plaza, Sadar Bazar, Shahzadi Mandi, Idgah Colony, Agra, Uttar Pradesh 282001 | 6.50% Onwards |
| Bank of India | Agra, 8/168, Jeoni Mandi BE, Post Bag No.2, Agra, 282004, Uttar Pradesh | 6.85% onwards |
| Bank of Baroda | Agra Branch,13,mahatma Gandhi Road, Agra,282001 | 7% onwards |
| Central Bank of India | 37/2/4, 1st Floor, Wazirpura Road, Sanjay Palace, Sanjay Place, Civil Lines, Agra, Uttar Pradesh 282002 | 7.25% - 7.70% |
| Bank of Maharashtra | 11, RGHU Shopping Market, Agra - 282003 | 6.40% onwards |
| IDBI Bank | IDBI Bank Ltd. D-73, Ground Floor, Near Shreeram Mandir Chowk, kamla Nagar, Agra-282002 | 7.50% Onwards |