Car Loan Ghaziabad

About Ghaziabad

Ghaziabad is a city in the state of Uttar Pradesh in India. It is closely situated to New Delhi, on the main route to Uttar Pradesh. It is large and planned industrial city, well connected by roads and railways. The administrative headquarters of Ghaziabad rests in the city and serve to be the primary commercial, industrial and educational center of western U.P and a major rail junction for North India. The economy of the city is heavily dependent on the industries along with real estate business. There are branches of banks and non-banking financial companies which also rests in the city.

About Car Loan

A car loan is a type loan available for the purchase of car by proposed car buyers on attractive terms. The length of car loans vary between one and seven years.

The repayment of your car loan will be high and interest would be lower if you tend to pay off the loan over one year. On the other hand, across seven years the repayments will be subsequently lower but the interest cost would be high.

Before going for your car loan, find out if the repayments are flexible. This will give you the ability to choose the flexible one so as to accommodate your own personal circumstances.

Car Loan Ghaziabad in a nutshell

ParticularsDetails
Interest Rate8.60% - 16.25%
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 to get Car loan in Ghaziabad

ParticularsSalaried Individuals Self-Employed IndividualPartnership FirmPrivate/Public Ltd. Company(in existence for atleast 3 years)
AgeThe applicant should be above 18 years old at time of application, and up to 70 years of age at time of maturity of the loanAny proprietor, partner, professional or director above 18 years but below 70 years at the time of the loan maturity.
Income Minimum gross annual income of at least ₹ 1,80,000/-Minimum gross annual income of at least ₹1,80,000/-Firm should have a minimum PAT (profit after tax) of ₹2.00lakhsMinimum PAT (profit after tax) of ₹2.00 lakhs
Job StabilityThe total employment stability should be for atleast 2 years and current employment stability of minimum 1 yearBusiness stability should be for atleast 2 years

Documentation Required for Car Loan in Ghaziabad

  •  Proof of Identity: Passport copy, PAN Card, Voters 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/ Have 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 Ghaziabad Interest Rate and Address

Banks NameMain Branch AddressRate of Interest
State Bank Of IndiaShop No -23 ,Panchsheel Wellington, Crossing Republic, Ghaziabad, Uttar Pradesh 201009 9.05% - 12.60%
HDFC BankD - 44 RDC Raj Nagar, Raj Nagar, Ganesh Puri, Ghaziabad, Uttar Pradesh 201001 8.00% - 13.00%
ICICI BankAshok Marg, Block 15, Sector 10, Raj Nagar, Ghaziabad, Uttar Pradesh 20100210.75% - 15.50%
Axis BankBG- 1, BF- 1, Plot No. 3, Vaibhav Khand, Aditya City Centre, Indirapuram, Ghaziabad, Uttar Pradesh 201012

11.00% - 12.00%

Punjab National BankNavyug Market, Old Munsfi Rd, Sihani Gate, Naya Ganj, Ghaziabad, Uttar Pradesh 2010018.75% - 9.20%
Bank of India59 - 60, Grand Trunk Road, Ghaziabad, 201001, Uttar Pradesh9.25%
Bank of Baroda4 Kiran Enclave G.T. Road, Ghaziabad- 2010018.80% - 10.55%
Central Bank of IndiaSite No. 1, Loha Mandi, Bulandshahar Road India Estate, Ghaziabad8.70%
Bank of MaharashtraGround Floor, Mahalaxmi Metro Tower, Sector 4, Vaishali, Ghaziabad, Uttar Pradesh 2010108.90% - 9.40%
IDBI BankMain G.T.Road, Kotgaon Village, Ghaziabad, Uttar Pradesh 2010019.95% - 12.05%

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Personal Loan Interest Rates December 2017
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.70%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates December 2017
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.60% - 9.35%
Indiabulls Housing Finance Limited 8.35% - 8.55%
Kotak Bank 8.35%
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