Car Loan Noida
Last Updated : Jan. 20, 2017, 7:43 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
| 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 Noida
| 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 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 Name | Main Branch Address | Car Loan Interest Rate (p.a.) |
|---|---|---|
| State Bank Of India | Sector-2, Noida, Uttar Pradesh | 7.20% - 7.90% |
| HDFC Bank | Ansals Fortune Arcade, K Block, Sector 18, Near Atta Peer, Noida - 201301, Uttar Pradesh | 7.95% - 8.30% |
| ICICI Bank | K - 1, Senior Mall, Sector-18, Gautam Budh Nagar, Noida, Uttar Pradesh-201301 | 7.90% Onwards |
| Axis Bank | B2 - B3, Sector-16, Noida, Uttar Pradesh-201301 | 7.45% - 14.50% |
| Punjab National Bank | Naya Bans, Sector-27, Noida, Uttar Pradesh-201301 | 6.50% Onwards |
| Bank of India | E - 52B, SECTOR - 9, Noida, Uttar Pradesh-201301 | 6.85% onwards |
| Bank of Baroda | Shop No. 334 - 337, Sector-29, Ganga Shopping Complex, Noida, Uttar Pradesh-201303 | 7% onwards |
| Central Bank of India | C-30, Sector-2, Nayabans, Noida, uttar Pradesh-201301 | 7.25% - 7.70% |
| Bank of Maharashtra | A-367, Sector-12, Noida, Uttar Pradesh- 201301 | 6.40% onwards |
| IDBI Bank | H 1 A/30, Sector-63, Noida, uttar Pradesh-201301 | 7.50% Onwards |