Best Banks for Car Loan in Pulwama
Car Loan Pulwama 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 Pulwama Eligibility Criteria
The car loan eligibility requirements are as follows in Pulwama:
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 Pulwama EMI Calculator
Car Loan Pulwama 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 Pulwama Fees and Charges : Leading Banks – Apr 23 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 Pulwama Documents Required
Documents required for car loan are as follows:
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 Pulwama
- Because the monthly EMI (equated monthly instalment) is cheap, many car loan applicants assume that longer repayment terms are better. They aren’t aware that lenders interpret more extended payback periods as a sign of the borrower’s inability to repay, so they wind up paying higher interest rates. Consider a shorter payment time if you want to save money on your car loan.
- If a borrower wants a good deal on a car loan, they must first investigate and compare the perks provided by various lenders. This can assist them in determining which lenders offer the most significant interest rates and hence which lender to choose for their loan.
- The borrower’s debt-to-income ratio determines how much of his income goes toward loan repayment, which lenders use when determining interest rates for his loan application. If your debt-to-income ratio is lower, you have a higher chance of securing a car loan with a lower interest rate.
- If borrowers have a strong credit score, lenders gladly provide them with a car loan with lower interest rates. A credit score of 750 or more is considered healthy by most banks and NBFCs.
How to Apply for a Car Loan in Pulwama?
Availing of a car loan in Pulwama is an easy process with Dialabank. Follow the following steps to avail of the best offers:
- Visit the Dialabank website.
- Select the option for a car loan.
- Fill in the required details(name, age, place) and wait for our relationship manager to reach you.
Which Bank in Pulwama Offers the Best Car Loans?
Huge and reputed lenders, including HDFC, Private, and SBI, offer vehicle loans in Pulwama. Dialabank can help borrowers choose a lender that can provide them with the loan amount they need at a reasonable interest rate and distribute the funds as quickly as possible.
Car Loan for Major Car Manufacturers in Pulwama
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Car Loan Pulwama
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 Pulwama
Lenders usually prefer a CIBIL score of 750 or above, but in case of a low CIBIL score than the required value, the borrowers will be required to pay a high rate interest rate on their loan amount. Although, If their CIBIL score is reasonable, they have to pay a low interest rate. Thus, a CIBIL score is an essential factor in a car loan.
Car Loan Pulwama Contact Number
In case of any queries regarding the car loan in Pulwama, you may contact on the number 9878981166 for any assistance.
Pre Calculated EMI Table for Car Loan Pulwama
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 Pulwama
A convoy of vehicles transporting Indian security personnel on the Jammu–Srinagar National Highway was assaulted by a vehicle-borne suicide bomber near Lethapora in the Pulwama district of the erstwhile state of Jammu and Kashmir on 14 February 2019.
Car Loan Banks in Pulwama
Bank Name | Bank Address | IFSC COde |
PUNJAB NATIONAL BANK | PAMPORE, NEAR TEHSIL OFFICE | PUNB0082800 |
PUNJAB NATIONAL BANK | SANA COMPLEX, COURT ROAD, | PUNB0760400 |
STATE BANK OF INDIA | DIST PULWAMA, JAMMU NAD KASHMIR 192301 | SBIN0002451 |
STATE BANK OF INDIA | DISTTPULWAMAKASHMIR | SBIN0002496 |
STATE BANK OF INDIA | PULWAMAJAMMUANDKASHMIR | SBIN0004593 |
STATE BANK OF INDIA | PULWAMASTATE JAMMU AND KASHMIRPIN 192303 | SBIN0004736 |
AXIS BANK | GROUND FLOOR, KHEWAT NO. 394, KHASRA NO. 01, VILLAGE LARIK PORA, TEHSIL AWANTIPORA, DISTRICT PULWAMA, JAMMU & KASHMIR , PIN 192122 | UTIB0002378 |
FAQ’s About Pulwama Car Loan
✅ Is the bank only financing the automobile or also the accessories?
No, the bank will only lend you money for the essential features of your car.
✅ What are my alternatives for repaying my auto loan?
Three alternatives for repaying your car loan are Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques. Because the first two options are faster, it is normally recommended that you choose them to repay your debt.
✅ What are my alternatives for repaying my auto loan?
Three alternatives for repaying your car loan are Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques. Because the first two options are faster, it is normally recommended that you choose them to repay your debt.