Bandhan Bank offers car loans for new cars and used with interest rates starting from 9.47% p.a. and 12.15% p.a., respectively. You can apply for the car loans online and the process is simple.
The interest rates that are levied by Bandhan Bank on its car loans are mentioned in the table below:
Type of Loan | Interest Rates |
New Car | More than 3 years: 9.47% p.a. onwardsUp to 3 years: 12.17% p.a. onwards |
Used Car | 12.15% p.a. onwards |
The eligibility criteria that must be met to avail a car loan from Bandhan Bank are mentioned below:
The documents that must be submitted to avail a car loan from Bandhan Bank are mentioned below:
The main features and benefits of the car loan offered by Bandhan Bank are mentioned below:
The different fees and charges levied by Bandhan Bank on its car loan are mentioned in the table below:
Category | Charges |
Legal Charges | At actuals |
Loan Cancellation Charges | Up to Rs.4,500 |
Statement of Account | Rs.500 |
Pre-closure Charges | Floating Rate: NilFixed Rate: 4% of the principal amount that is pending |
Part Payment | Floating Rate: No chargesFixed Rate:Allowed yearly once after the first six monthsMaximum 25% of the principal amount4% will be levied if more than 25% of the principal amount |
Penal Charges | Rs.200 for every Rs.10,000 |
Bounce Charges | Rs.500 for every instance |
Stamp Duty | As per actuals |
Processing Fee | Up to 4% of the loan amount |
The process that must be followed to apply for a car loan offered by Bandhan Bank is mentioned below:
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.