Car Loan Rates EMI 2024

Car Loan Noida

Car Loan Noida

Last Updated : Jan. 11, 2019, 6:07 p.m.

About Noida

Noida was created under Uttar Pradesh Industrial Development Area Act by the initiatives of Sanjay Gandhi. The city has the highest per-capita income in the whole National Capital Region. The city holds high-class malls which best brands and hence the population of the elite class is really high. Noida, as it is clearly visible, is emerging as top realty destination and almost all big real estate companies are coming up with a new residence project. Not to forget, the Indian Grand Prix was a Formula One race in the calendar of the FIA Formula One World Championship, which was held at the Buddh International Circuit in Sector 25 along Yamuna Expressway near Noida itself. Slowly, the city is getting a lot of attention from all over the world due to the fast growing development.

About Car Loan

In times when a new car takes your heart away, but the pocket doesn’t allow you to make your wish come true, a car loan is a savior. The travel becomes so comfortable with a car especially when you are traveling with your family. So, if you are also planning to buy a car for yourself or want to gift someone a car, get a car loan now. Since a car loan is the medium wherein you can get a car by paying some small amount in advance and pay the rest amount in installments. You can choose the best-suited car loan offer as per your comfort with a low-interest rate that makes it a budget-friendly. So, no need to wait and apply for a car loan now!

Car Loan Noida 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 Noida

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 Noida

  • 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 Banks Car Loan Noida Interest Rate and Address

Banks NameMain Branch AddressCar Loan Interest Rate (p.a.)
State Bank Of IndiaSector-2, Noida, Uttar Pradesh7.20% - 7.90%
HDFC BankAnsals Fortune Arcade, K Block, Sector 18, Near Atta Peer, Noida - 201301, Uttar Pradesh7.95% - 8.30%
ICICI BankK - 1, Senior Mall, Sector-18, Gautam Budh Nagar, Noida, Uttar Pradesh-2013017.90% Onwards
Axis BankB2 - B3, Sector-16, Noida, Uttar Pradesh-2013017.45% - 14.50%
Punjab National BankNaya Bans, Sector-27, Noida, Uttar Pradesh-2013016.50% Onwards
Bank of IndiaE - 52B, SECTOR - 9, Noida, Uttar Pradesh-2013016.85% onwards
Bank of BarodaShop No. 334 - 337, Sector-29, Ganga Shopping Complex, Noida, Uttar Pradesh-2013037% onwards
Central Bank of IndiaC-30, Sector-2, Nayabans, Noida, uttar Pradesh-2013017.25% - 7.70%
Bank of MaharashtraA-367, Sector-12, Noida, Uttar Pradesh- 2013016.40% onwards
IDBI BankH 1 A/30, Sector-63, Noida, uttar Pradesh-2013017.50% Onwards

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