Bandhan Bank Car Loan

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Rates as low as 7.35%*
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Bandhan Bank Car Loan Key Feature – Jan 2021

Bandhan Bank Car Loan Interest Rate Starts @ 7.50%
Min Loan Amount ₹ 50,000
Max Loan Amount
(Loan to Value)
Loan up to 80%-100% of On Road Price
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,517
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 60 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee Up to Rs.3,000
Foreclosure Charges Up to 5% of the outstanding principal
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About Bandhan Bank Car Loan

Bandhan Bank Limited is a privatized sector bank in India. It is founded in 2015. Bandhan Bank has 1018 branches across the country. Bandhan Bank offers all the financial facilities to its consumers like home loans, car loans, education loans, gold loans, net-banking, and mobile banking, and many more.

Bandhan Bank provides Car Loans at attractive interest rates to the customer for purchasing a car either new or second hand. A car loan is easily convenient which can be got by anyone with a good credit/CIBIL score.

Bandhan Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be a minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-60 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

Bandhan Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate Starts@7.50% Starts@13.75%
Processing fee Up to Rs.3,000 Up to Rs.3,000
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges Up to 5% of the outstanding principal Up to 5% of the outstanding principal
Penal Interest 2% per month 2% per month
Part Payment charges 2% of the paid amount 2% of the paid amount
Cheque/Instrument Swap Charge Rs.500 per instance Rs.500 per instance
Documentation Charge Rs.1,500 per instance Rs.1,500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs. 100 per instance Rs. 100 per instance
Registration Certification Collection Charge Rs. 250 per instance Rs. 250 per instance
Cheque Bounce/Instrument Return Charges Rs. 500 per instance Rs. 500 per instance
Issuance of Duplicate Statement Charges Rs. 500 per instance Rs. 500 per instance
Loan Cancellation/Re-booking Charges NIL NIL
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

Bandhan Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

 

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

 

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

Bandhan Bank Car Loan EMI Calculator

An applier has the option to check the EMI’s before getting a Car Loan from Bandhan Bank. So, you can get check through the link below:

Car Loan EMI Calculator

Bandhan Bank Car Loan Types

Bandhan Bank offers 3 types of car loans to its customers. You have the choice of opting the offer which suits your need the best. The following types of Car Loans offered by Bandhan Bank:

  1. New Car Loan –  If you wish to buy a new car, this is the scheme for you. You can get a Car Loan from Bandhan Bank for a minimum of Rs. 50,000 and a minimum tenure of 7 years.
  2. Used Car Loan – If you want to buy a used car from Bandhan Bank then you can select offers of a minimum loan of Rs. 50,000 and a minimum tenure of 5 years.
  3. Loan Against Car – You can choose this scheme if you need urgent funds where you can keep your cars as security with the Bandhan Bank.

Bandhan Bank Car Loan Pre Calculated EMI

How to Apply for Bandhan Bank Car Loan?       

  1. Visit Dialabank.
  2. Go to Bandhan Bank page.
  3. Complete the car loan application form.
  4. Our Relationship Manager will contact you and provide you assistance throughout the process.
  5. Compare various proposals from banks and pick according to your suitability.
  6. You can easily apply for a Car Loan through Dialabank and enjoy the best offers.

Bandhan Bank Car Loan for Top Selling Cars

Other Available Products from Bandhan Bank

Bandhan Bank Personal Loan Bandhan Bank Gold Loan Bandhan Bank Two Wheeler Loan


FAQs for Bandhan Bank Car Loan


✅ What is Bandhan Bank Car Loan?

Bandhan Bank Car Loan is a financial product offered to you to purchase a car, it can be new or used.

✅ How can I get a Car Loan from Bandhan Bank?

You can get a car loan from Bandhan Bank by visiting the nearest branch of Bandhan Bank. You will get the convenience to apply from anywhere.

✅ How does Bandhan Bank Car Loan work?

Bandhan Bank works on providing its customers with the best and fast services of a car loan at affordable interest rates. You can get a car loan easily and quickly. Bandhan Bank provides flexible loan tenure for up to 7 years.

✅ What is the Car Loan Interest Rate in Bandhan Bank?

The interest rate in Bandhan Bank for a car loan starts at 7.50%.

✅ How to Check Car Loan status in Bandhan Bank?

To check the car loan status in Bandhan Bank, you can visit the nearby branch of Bandhan Bank. Also, you can utilize the net-banking facility of Bandhan Bank.

✅ How to Calculate Car Loan interest in Bandhan Bank?

For the calculation of your car loan interest in Bandhan Bank, the following information is required:

  • Rate of Interest
  • Loan amount
  • Loan tenure period

You can calculate your car loan interest in Bandhan Bank through the EMI calculator.

✅ What is the maximum loan amount I can avail of on Car Loan from Bandhan Bank?

The maximum loan amount for a car loan from Bandhan Bank provides up to 100% funding of the car value.

✅ What is the loan tenure of Bandhan Bank Car Loan?

The loan tenure of Bandhan Bank ranges between 1 to 7 years for a car loan.

✅ Can I get a 100% Car Loan from Bandhan Bank?

Yes, you can get a loan up to 100% Car Loan from Bandhan Bank.

✅ How much processing fee is applicable to Bandhan Bank Car Loan?

The processing fee applicable to Bandhan Bank for a car loan is up to Rs. 3,000.

✅ What are the EMI options available on Bandhan Bank Car Loan?

The EMI options available on Bandhan Bank car loan are the following:

  • Electronic Clearance System 
  • Standing Instruction 
  • Post Dated Cheques 

✅ What are the charges for Prepayment in Bandhan Bank Car Loan?

The charges for prepayment in Bandhan Bank is 5% of the outstanding principal for availing a car loan.

✅ Can I get a top-up loan on my existing Bandhan Bank Car Loan?

Yes, you can get a top-up loan on your existing Bandhan Bank car loan. Also, avail a top-up car loan by visiting the online platform of Dialabank.

✅ Do I need to provide a guarantor to avail a car loan from Bandhan Bank?

No, you do not need a guarantor for availing a car loan from Bandhan Bank.

✅ How to get a Bandhan Bank Car Loan Statement?

To get a car loan statement from Bandhan Bank, you can use Bandhan Bank’s mobile banking app. Also, visit the nearby branch of Bandhan Bank to check your car loan statement.

✅ How to pay Bandhan Bank Car Loan interest online?

You can pay your car loan interest through the net -banking services of Bandhan Bank. If you need a low-interest car loan, you can visit Dialabank online.

✅ What if I can’t pay the interest on Bandhan Bank Car Loan for 3 months?

If you can’t pay the interest on Bandhan Bank Car Loan for 3 months, then it will put on to the outstanding loan amount and repayment charges will redraft.

✅ How can I apply for EMI Moratorium on Bandhan Bank Car Loan?

You can apply for EMI Moratorium on Bandhan Bank through visiting the nearby branch of Bandhan Bank or submit a request through an email. Also, if you want relief for the balance period, you must apply with Dialabank.

✅ What is the number for Bandhan Bank Car Loan agent?

Call Dialabank at 9878981166 as it is one of the most trusted Bandhan bank Car Loan agents. Dialabank even ensures the best offers on your Car Loan.

✅ Can I close the Bandhan Bank car loan online?

You can close your car loan online from Bandhan Bank through Bandhan Bank’s net-banking page. You just log in using your details on the net-banking page and pay your car loan.

✅ What is Bandhan Bank Car Loan Customer Care Number?

The customer care number of Bandhan Bank for car loan queries is 9878981166.

✅ How can I get NOC from Bandhan Bank for a car loan?

You can get a car loan NOC from Bandhan Bank when you clear your outstanding loan amount.

✅ What is the Bandhan Bank Car Loan closure procedure?

  • Just go to the bank with the documents.
  • Write a letter for pre-closure of the Bandhan Bank Car Loan account.
  • Pay the pre-closure charges as per Bandhan Bank Car Loan.

✅ What are the Bandhan Bank Car Loan preclosure charges?

Bandhan Bank Car Loan preclosure charges are up to 6%+ GST.

✅ What is the Bandhan Bank Car Loan overdraft scheme?

For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Bandhan Bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the Bandhan online banking portal and from there you can fill out a simple form and get an overdraft under your name.

✅ What is the Bandhan Bank Car Loan maximum tenure?

The Bandhan Bank Car Loan maximum tenure is 7 years.

✅ What is the Bandhan Bank Car Loan minimum tenure?

The Bandhan Bank Car Loan minimum tenure is 1 year.

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