car loan in panipat


Car Loan in Panipat by Top Banks and Private Institutions

Partner with Singroha Associates for Hassle-Free Car Financing Since 2020

Your Dream Car Awaits with a Car Loan in Panipat

Securing a car loan in Panipat has never been easier, thanks to Singroha Associates. Since 2020, we’ve been helping residents of Panipat, the historic “City of Weavers,” drive their dream vehicles—whether it’s a compact hatchback, a spacious SUV, or a luxury sedan. Our expert team partners with top banks and private institutions to offer competitive interest rates, flexible repayment terms, and a seamless loan process.

At Singroha Associates, we prioritize your convenience, ensuring you get the best car loan in Panipat tailored to your needs. Let us guide you to hassle-free car financing today!

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Why Choose Singroha Associates for Your Car Loan in Panipat?

Since our establishment in Panipat in 2020, Singroha Associates has earned a reputation for trust and excellence in car financing. Here’s why we’re the preferred choice for a car loan in Panipat:

  • Extensive Network: We collaborate with leading banks like HDFC Bank, ICICI Bank, SBI, Axis Bank, and private lenders like Bajaj Finserv and Tata Capital.
  • Low Interest Rates: Access car loans starting at 7.05% p.a., based on your eligibility.
  • Streamlined Process: From paperwork to approval, we ensure quick and easy loan disbursal.
  • Personalized Solutions: Customized loan options for salaried individuals, self-employed professionals, and businesses.
  • Local Expertise: Our deep understanding of Panipat’s financial landscape guarantees the best deals.

Top Providers for Car Loan in Panipat

Explore the best car loan in Panipat options from our trusted partners. Compare key providers below:

Institution Interest Rate (p.a.) Loan Tenure Max Funding Processing Fee
HDFC Bank 7.95% – 9.50% 1-7 years Up to 90% 0.5%-1% of loan amount
ICICI Bank 7.90% – 9.30% 1-7 years Up to 100% Rs. 2,500 – Rs. 5,000
State Bank of India 8.10% – 9.70% 1-7 years Up to 90% 0.5% of loan amount
Axis Bank 8.00% – 9.25% 1-7 years Up to 90% Rs. 3,500 – Rs. 5,500
Bajaj Finserv 8.50% – 10.50% 1-5 years Up to 100% Up to 2% of loan amount
Tata Capital 8.75% – 10.25% 1-7 years Up to 95% 1% of loan amount

Note: Rates and terms are indicative and subject to change. Contact us for the latest car loan in Panipat offers.

Loan Amount is 30000
No. of Month is 30
Rate of Interest ROI is 10
Monthly EMI

Total Interest

Payable Amount

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Eligibility Criteria for a Car Loan in Panipat

Qualifying for a car loan in Panipat is straightforward with Singroha Associates. Here are the general requirements:

  • Age: 21-60 years (salaried) or up to 65 years (self-employed).
  • Income: Minimum Rs. 2.5 lakh p.a. (salaried); Rs. 3 lakh net profit (self-employed).
  • Employment: 2 years’ work experience (salaried); 3 years in business (self-employed).
  • Credit Score: 750+ preferred for better rates.
  • Residence: 1 year at current address with valid proof.

Documents Required for a Car Loan in Panipat

To apply for a car loan in Panipat, submit the following documents:

  • Identity Proof: Aadhaar, PAN, Passport, or Voter’s ID.
  • Address Proof: Electricity Bill, Rent Agreement, or Driving License.
  • Income Proof: 3-month salary slips, Form 16 (salaried); ITR, P&L statement (self-employed).
  • Bank Statement: Last 6 months.
  • Photographs: Two passport-size photos.
  • Car Quotation: Proforma invoice from the dealer.

Our Hassle-Free Car Loan Process in Panipat

We make securing a car loan in Panipat simple with these steps:

  1. Consultation: Discuss your needs and budget with our experts.
  2. Loan Comparison: We find the best car loan in Panipat options.
  3. Documentation: We assist with paperwork for a smooth process.
  4. Approval: Fast-track loan disbursal for quick results.
  5. Drive: Get behind the wheel of your new car!

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Frequently Asked Questions About Car Loans in Panipat

What is the minimum credit score needed for a car loan in Panipat?

A credit score of 750 or above is preferred for securing a car loan in Panipat with competitive interest rates. However, Singroha Associates can assist applicants with lower scores by exploring suitable lenders.

How long does it take to get a car loan approved in Panipat?

With Singroha Associates, car loan approvals in Panipat typically take 2-7 days, depending on the lender and your documentation. We expedite the process for faster disbursal.

Can self-employed individuals apply for a car loan in Panipat?

Yes, self-employed individuals can apply for a car loan in Panipat. You’ll need to provide ITR, profit & loss statements, and a minimum of 3 years in business, along with other standard documents.

What is the maximum loan amount for a car loan in Panipat?

The maximum loan amount depends on the lender, with some offering up to 100% of the car’s on-road price. For example, ICICI Bank and Bajaj Finserv provide up to 100% financing, as shown in our comparison table.

Are there any prepayment charges for a car loan in Panipat?

Prepayment charges vary by lender. For instance, HDFC Bank may charge 2-3% of the outstanding amount for prepayment, while some lenders like SBI offer zero prepayment penalties on floating-rate loans. Contact us for details.