Agra is one of the major cities in the state of Uttar Pradesh. Agra is a major hub with plenty of financial activities thanks to its prominence as a top tourist destination in the country. India’s top banks and non-banking financial corporations have operations there in the city. If you want to get a car loanin Agra, you can reach out to any of these top lenders and file an application. You may compare the offerings of various lenders in the market using the BankBazaar app and apply for one that suits your needs.
The interest rates charged by various lenders in Agra are listed as follows:
|Bank||Interest rates||Minimum income||Processing fee|
|Axis Bank||9.25% p.a. to 11.50% p.a.||Rs.2.40 lakh p.a.||Rs.3,500 to Rs.5,500|
|Oriental Bank of Commerce||Male borrowers – 9.25% p.a. Female borrowers – 9.15% p.a.||Rs.30,000 p.m.||0.5% of the loan amount subject to a minimum of Rs.500 and a maximum of Rs.7,000|
|Bank of India||9.5% p.a.||Contact the bank for details||Rs.500 per application|
|Syndicate Bank||1-year MCLR + 0.50% p.a.||Rs.2 lakh p.a.||Rs.125 per lakh|
|IDBI Bank||From 9.30% p.a. onwards (varies based on credit score of the borrower)||Rs.2.4 lakh p.a.||Rs.1,000 + GST|
|Canara Bank||From 8.95% p.a. onwards||Rs.3 lakh p.a.||0.25% of the loan amount subject to a minimum of Rs.1,000 and a maximum of Rs.5,000|
|State Bank of India||9.30% p.a. to 9.80% p.a.||Salaried – Rs.2.5 lakh p.a; Self-employed – Rs.3 lakh p.a; Agriculture workers – Rs.4 lakh p.a.||Nil|
|HDFC Bank||9.75% p.a. to 10.60% p.a.||Rs.3 lakh p.a.||0.4% of the loan amount subject to a minimum of Rs.3,000 and a maximum of Rs.10,000|
|ICICI Bank||9.30% p.a. to 12.85% p.a.||Contact the company for more details||Rs.3,500 to Rs.8,500 (depending upon vehicle type)|
|Federal Bank||From 9.20% p.a. onwards||Rs.20,000 p.m.||N/A|
|IndusInd Bank||From 10.65% p.a. onwards||Salaried - Rs.2.50 lakh p.a. Self-employed – Rs.2 lakh p.a. net profit||0.5% of the loan amount subject to a minimum of Rs.2,500|
|Punjab National Bank||From 9.05% p.a. onwards||Rs.20,000 p.m.||Rs.1,000 for loans under Rs.6 lakh Rs.1,500 for loans over Rs.6 lakh|
|Jammu and Kashmir Bank||Fixed – 11.25% p.a. with monthly rests Floating – Base rate + 1% p.a. with monthly rests||Rs.3 lakh p.a.||0.5% of the loan amount subject to a minimum of Rs.500|
|Andhra Bank||1-year MCLR + 0.70%||Rs.1 lakh p.a.||1% of the loan amount subject to a minimum of Rs.1,000 and a maximum of Rs.25,000|
|Bank of Maharashtra||8.95% p.a.||Rs.3 lakh p.a.||0.25% of the loan amount subject to a minimum of Rs.1,000 and a maximum of Rs.15,000|
|Central Bank of India||Fixed – 9.00% p.a. Floating – 1-year MCLR + 0.40% p.a.||Rs.2.40 lakh p.a.||Contact the bank for details|
|United Bank of India||From 9.15% p.a. onwards||Rs.25,000 p.m.||0.59% of the loan amount subject to a minimum of Rs.600 and a maximum of Rs.11,800|
|Bank of Baroda||1-year MCLR + strategic premium + 0.25% p.a.||Contact the company for details||Rs.1,000 to Rs.2,500 + GST|
If you are looking for a car loan, it is best to apply for it online. This way, you can check out the different offers in the market and make the right decision. Getting the lowest possible interest rate is a priority for most loan applicants. However, you must also focus on other factors like additional charges, service quality, loan tenure, etc., before choosing a lender. Though the other factors are important, interest rates still play a major role in bringing down the overall cost of car loans. The tips listed here can help you find car loans at a reasonable interest rate:
Finance the purchase of your dream car through a car loan from BankBazaar. Quick application, unbeatable interest rates, and easy repayment structures.
The eligibility criteria for car loans vary among lenders in the market. However, some of the most common criteria are given as follows:
|Criteria||Salaried individuals||Self-employed individuals|
|Age||21 years||21 years|
|Income||Rs.15,000 to Rs.20,000 p.m.||As required by the lenders|
|Income stability||At least one year in the current job||At least one to three years of business vintage|
The following documents must be submitted by applicants while applying for a car loan:
If you have applied online, you can visit the website of the bank and use the application number to check the status instantly. You may also apply for a loan through the BankBazaar website or mobile application. Here, you can keep track of your car loan application status simply by visiting the website or mobile application.
There are only some lenders in the market who allow part pre-payment of car loans. You may have to check with the lender to know whether you can prepay part of your car loan amount.
Yes. Most banks in the market provide loans for the purchase of used cars. The interest rate, however, will be significantly higher when it comes to used cars. This is mainly because used cars have already depreciated a lot in market value, and they carry a higher risk for lenders.
No. Car loans are secured against the hypothecation value of the vehicle. Hence, there is no need to provide any security when you take one.
There are many different payment modes offered by lenders for the repayment of car loans. You can pay your installments in cash or use post-dated cheques to clear your payments. However, the best mode of payment is the electronic clearing service (ECS) you can use to auto-debit your payments every month.
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