Best Banks for Car Loan in Pakribaramaddeobari
Feature
HDFC Bank
Private Bank
Interest Rate (p.a.)
7.35 % - 7.95 %
8.5 % - 9.5 %
11 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Car Loan Pakribaramaddeobari Features
⍟ Loan Approval in 30 Minutes
⍟ Lowest Rate of Interest
⍟ Up to 100% on Road Loan
⍟ Minimum Documentation
⍟ Paperless Process
⍟ Flexible Repayment
⍟ Zero Foreclosure
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges
Car Loan Pakribaramaddeobari Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters
Car Loan Pakribaramaddeobari EMI Calculator
Car Loan Pakribaramaddeobari Fees & Charges
7.35% per annum
Charges
New Car Loan
Used Car Loan
Interest Rate
11.80% p.a. to 13.80% p.a.
Car loan Processing fees
0.5%
0.5%
Issuance of Duplicate Repayment Schedule Charges
Around Rs.500
Around Rs.500
Foreclosure Charges
0.06
0.06
Penal Interest
2% PM
2% PM
Car loan Part Payment charges
6% of the amount
6% of the amount
Cheque/Instrument Swap Charge
Around Rs.500
Around Rs.500
Documentation Charge
Around Rs. 500
Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges
Around Rs. 500
Around Rs. 500
Registration Certification Collection Charge
Around Rs. 200
Around Rs. 200
Cheque Bounce/Instrument Return Charges
Around Rs. 500
Around Rs. 500
Issuance of Duplicate Statement Charges
Around Rs. 500
Around Rs. 500
Loan Cancellation/Re-booking Charges
Around Rs. 1000
Around Rs. 1000
Issuance of Credit Report
Around Rs. 50
Around Rs. 50
Car Loan Pakribaramaddeobari charges: Leading Banks – May 04 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
IIFL Car Loan
Nil
Nil
Muthoot Car Loan
Nil
Nil
Manappauram Car Loan
Nil
Nil
PNB Car Loan
0.70% to 1%
Nil
Canara Bank Car Loan
0.01
Nil
Andhra Bank Car Loan
Nil
Nil
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Car Loan Pakribaramaddeobari Documents Required
Salaried Individual
Category
Identity Proof (Any 1)
Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1)
Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
Identity Proof (Any 1)
PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1)
PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1)
Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Pakribaramaddeobari
Varying lenders in Pakribaramaddeobari offer different interest rates on automobile loans, but they are all sensible and competitive. Follow the steps below to acquire a vehicle loan in Pakribaramaddeobari with the lowest interest rate:
- Choose a shorter repayment term –Many auto loan applicants believe that lengthier repayment terms are better since the monthly EMI (equated monthly instalment) is low. They don’t, unfortunately. Seem to realize that lenders view longer payback terms as a sign of a borrower’s poor repayment ability. Thus more excellent interest rates are charged.
- Evaluate and compare the benefits provided by various lenders – If you want to get a decent deal, bargain on an auto loan, you should first look into and evaluate the different lenders’ perks. This can assist you in determining which lenders provide the lowest interest rates and, as a result, which lender to select.
- Maintain a modest debt-to-income ratio –Lenders employ a debt-to-income ratio computation to assess how much of an applicant’s income goes toward loan repayment. The debt-to-income ratio is greater than 50%, and you should consider consolidating your debt. Lower, you have a greater chance of qualifying for a reduced interest vehicle loan.
- Maintain a good credit score — Lenders would happily supply you with a vehicle loan with reduced interest rates if you have a high credit limit. A credit limit of 750 or more is considered excellent. Vehicle loans are available to people with bad credit, but they will pay a higher interest rate. As a precaution, a decent credit score, check your credit scores periodically using Dialabank’s “Free Credit Score” service. If your credit score is strong, you’ll be able to approach lenders with confidence.
How to Apply for a Car Loan in Pakribaramaddeobari?
Dialabank makes getting a vehicle loan in Pakribaramaddeobarisimple affair.
- Go to Dialabank’s website.
- Go to the menu and select the auto loan option.
- Fill in the information about the vehicle and your income.
- Please be patient as our relationship manager will contact you as soon as possible at the phone number you gave.
- You may also get in touch with managers. If you have any questions, don’t hesitate to get in touch with the management at 9878981166.
- To apply for a car loan offline, you must go to the branch in person, which may be inconvenient for you.
Which Bank Pakribaramaddeobari offers the Best Car Loans?
Vehicle loans are available from some large banks and NBFCs inKathlal, including HDFC, Private, and SBI. The best lender will be able to offer you the loan amount you require at a fair interest rate and will be able to disburse the cash as soon as possible. As a result, it’s always a good idea to shop around for auto loans from various lenders before settling on one that fits interest rates, among other things, are among your needs.
Car Loan for Major Car Manufacturers in Pakribaramaddeobari
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Pakribaramaddeobari
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Pakribaramaddeobari
The CIBIL score is a numerical measure of a person’s ability to communicate effectively. Your ability to repay your obligations. A higher credit score shows that you have a good credit history, making your auto loan application easier to execute. When accepting your loan application, banks and NBFCs in Pakribaramaddeobari typically look for a credit score of 750 or above. Banks and NBFCs in Pakribaramaddeobari usually consider a credit score of 750 and above good when approved your loan application.
From one bank to the next, this score may vary. For example, if your CIBIL score is below the required level, you may be charged a high interest rate on the loan amount, but if your CIBIL score is high, you may be charged a low interest rate. As a result, while applying for a vehicle, a CIBIL score is quite important.
Car Loan Pakribaramaddeobari Contact Number
If you have any queries about the car loan in Pakribaramaddeobari, please do not hesitate to contact us. Furthermore, you may call 9878981166 for help.
Pre Calculated EMI Table for Car Loan Pakribaramaddeobari
Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466
About Pakribaramaddeobari
Pakri Baramad Deobari settlement has a place code of 190755, according to Census 2011 data. Pakri Baramad Deobari is a hamlet in Uttar Pradesh’s Rudrapur Tehsil, part of the Deoria district. It’s 14 kilometres from Rudrapur, the sub-district headquarters, and 20 kilometres from Deoria, the district headquarters. According to statistics from 2009, Pak’s gram panchayat is Pakadibaramad Deubari.
FAQ’s About Pakribaramaddeobari Car Loan
✅ Is it feasible to get a loan for my existing car?
Yes, many lenders will enable you to refinance your current car, provided you have a good payment history with your present lender.
✅ With a car loan, what kinds of automobiles can I buy?
Automobile loans may be used to buy a variety of passenger vehicles, such as SUVs, MUVs, and other types of vehicles. A car loan may be utilized for a variety of purposes. Buy a vehicle for commercial reasons. Tractor, truck, and construction equipment loans are also available through some lenders.
✅ What are my choices for repayment?
Your loan can be paid back in three ways. First, standing Instruction for Electronic Clearing Service (ECS) (SI). The first two ways are recommended for repaying your loan since they are speedier and have a smaller chance of error than the third method, Post-Dated Cheques, which is not the case (PDCs).