Barclays Finance Car Loan

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Barclays Finance Car Loan

Barclays Finance Car Loan Key Features – Jun 28 2022

Barclays Finance Car Loan Interest Rate
7.35%* per annum
Min Loan Amount ₹ 1,00,000
Max Loan Amount
(Loan to Value)
100% of Ex-showroom Price
Loan Tenure
12 to 84 months
Lowest EMI / Lac ₹ 1,634
Minimum Net Monthly Income ₹ 25,000
Minimum ITR for Self Employed ₹ 4,00,000
Age Criteria
Salaried: 21 years – 60 years
Self Employed: 21 years – 70years
Types of Cars
For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs).
Processing Fee
0.50% or minimum Rs.1500
Foreclosure Charges Nil
Basic Documentation
ID Proof, Address Proof, Salary Slip, and Car Quotation

About Barclays Finance Car Loan

Barclays Finance is a British multinational investment bank and financial services company headquartered in London, England. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.

Advantages of Barclays Finance  Car Loan

Barclays Finance Car Loan

Barclays Finance Car Loan Eligibility

Salaried Individual
Age – Should be a minimum of 21 years old and should not exceed 60 years.
Net Monthly Income – Rs.25000 is the base criteria.
Employment Duration – At least one year
Income Eligibility – Form 16
Self-Employed Individuals
Age – 21-70 years of age
Minimum ITR – Rs. 4 lakh
Employment Duration – 3 years(minimum)
Income Eligibility – 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 must be associated with at least six months.
Average Quarterly Balance – Rs.5000
Maximum Loan Amount – 3 times

Barclays Finance Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan Used Car Loan
Interest Rate

7.35% per annum

14.80% p.a. to 16.80% p.a.
Processing fee 0.40% of the principal amount 1% of the loan amount or Rs.6,000, whichever is lower
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges nil nil
Penal Interest 2% per month 2% per month
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Rs.500 per instance Rs.500 per instance
Documentation Charge Rs.500 per instance Rs.500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs.500 per instance Rs.500 per instance
Registration Certification Collection Charge Rs.200 per instance Rs.200 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 Rs.2,500 per instance Rs.2,500 per instance
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

Barclays Finance Car Loan Documents Required

Salaried Individual Age – Should be a minimum of 21 years old and should not exceed 60 years.
Net Monthly Income – Rs.25000 is the base criteria.
Employment Duration – At least one year
Income Eligibility – Form 16
Self-Employed Individuals Age – 21-70 years of age
Minimum ITR – Rs. 4 lakh
Employment Duration – 3 years(minimum)
Income Eligibility – 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 must be associated with at least six months.
Average Quarterly Balance – Rs.5000
Maximum Loan Amount – 3 times

Salaried Individual

Category Documents Required
Identity Proof  Aadhar card
PAN Card
Driving License
Address Proof Driving Licence
Aadhaar Card
Voter ID
Utility Bills
Date of Birth Proof Birth Certificate
Passport
Driving Licence
High School Marksheet
Signature Proof Passport
PAN
Bankers verification
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last three months
Employment Continuity Proof Current Account Statement
SSI or MSME Registration Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof Telephone Bill
Electricity Bill
Current Account Statement
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

Self-Employed Individuals

Category Documents Required
Identity Proof  Aadhar card
PAN Card
Driving License
Address Proof Driving Licence
Aadhaar Card
Voter ID
Utility Bills
Date of Birth Proof Birth Certificate
Passport
Driving Licence
High School Marksheet
Signature Proof Passport
PAN
Bankers verification
Income Proof Latest Form 16
Bank Statement Bank statement of last three months
Business Proof Telephone Bill
Electricity Bill
Current Account Statement
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

Self-Employed Non-Individuals:

Category
Documents Required
Identity Proof Voter ID
Aadhar Card
Passport
Address Proof Driving Licence
Passport
Electricity Bill
Date of Birth Proof Birth Certificate
Passport
Driving Licence
PAN
Signature Proof Salaried Individual
Income Proof Self-Employed Individuals
Bank Statement Self-Employed Non-Individuals (Company/Partnership)
Employment Continuity Proof Priority Customers

Partnership Firms/Societies

Category
Documents Required
Identity Proof Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof
Audited Balance Sheet
P&L Account and ITR for the previous two years
Bank Statement
Bank statement of last three 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

Private Limited/Limited Companies

Category
Documents Required
Identity Proof
Copy of Latest AOA, Incorporation, and MOA
Address Proof
Current Account Statement
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
SSI or MSME Registration Certificate
Telephone Bill
Electricity Bill
Income Proof
Audited Balance sheet, P&L Account and Filed ITR, Previous three months bank statement
Business Continuity Proof
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Shop & Establishment Act Certificate
Current Account Statement
Additional documents
PAN Card
Board Resolution
List of Directors and Shareholding Partners
Certificate of Commencement of Business for Ltd. Co.

Barclays Finance Car Loan EMI Calculator

Check your EMIs even before applying for the loan by following this: Car Loan EMI Calculator.

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

Barclays Finance Car Loan Types

Sarva UP Gramin gives different monetary items, and Car Loan is one among them. Contingent on the requirements, the Loan can be benefited:

  • New Car Loan – For the individuals who are searching for a new and new vehicle. Benefit from this credit for an adaptable residency of as long as 7 years.
  • Utilised Car Loan – Take a Used Car Loan for purchasing any recycled vehicle with complete records accessible. Get the credit for long residencies as long as 5 years.
  • Advance Against Car   Individuals can even get a credit against their possessed vehicles for snappy asset endorsements by keeping the vehicle as to the insurance.

How to Apply for Barclays Finance Car Loan?

  1. Reach out to Dialabank and fill in the necessary information.
  2. Connect with our all-around prepared Relationship administrator and find out about the alternatives accessible.
  3. Select the best Car advance as indicated by your requirements for long ist accessible.
  4. All the direction and administrations all through the Car advance cycle is liberated from cost.

FAQs for Barclays Finance Car Loan

✅ What is Barclays Finance Car Loan?

Barclays Finance Car Loan is a secured loan provided by the Bank to applicants looking to allocate funds for buying a new or used car.

✅ How can I get a Car Loan from Barclays Finance?

Barclays Finance Car Loan can be availed by applying directly through Dialabank or reaching out to the nearest branch of the Bank.

✅ How does Barclays Finance Car Loan work?

Working on Barclays Finance Car Loan is pretty simple as it involves allocating funds to its customers willing to buy a car and keeping the same as collateral. The rate of Interest is charged against the loan and is repaid in burdenless EMIs.

✅ What is the Car Loan Interest Rate in Barclays Finance?

Car Loan Interest Rate in Barclays Finance is as low as 7.50% per annum.

✅ How to Check Car Loan status in Barclays Finance?

Check car Loan status in Barclays Finance directly by reaching out to the Bank’s website and providing your Loan number on the Loan Status page.

✅ How to Calculate Car Loan Interest in Barclays Finance?

Calculate Car Loan Interest in Barclays Finance Bank by using Dialabank’s Calculator. This Calculator provides information about the EMI and Interest of your Loan.

✅ What is the maximum loan amount I can avail myself of on a Car Loan from  Barclays Finance?

Car Loans from Barclays Finance Bank can avail you of up to 100% amount of the ex-showroom price of the vehicle.

✅ What is the loan tenure of Barclays Finance Bank Car Loan?

Barclays Finance Bank Car Loan Tenure range between 12 to 84 months.

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

Yes, a 100% car loan from Barclays Finance Bank can be provided on the Ex-showroom price of the car.

✅ How much Processing Fee is applicable on Barclays Finance  Car Loan?

Processing Fees of 0.50% or a minimum of Rs.1500 is applicable on Barclays Finance Car Loan.

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

EMI options of Step-up EMI and Balloon EMI are available with Barclays Finance Car Loan.

✅ What are the charges for Prepayment in Barclays Finance Car Loan?

There are NO charges for Prepayment in Barclays Finance Car Loan.

✅ Can I get a top-up loan on my existing Barclays Finance Car Loan?

Top-up Loan on Existing Barclays Finance Car Loan can only be availed under particular circumstances.

✅ Do I need to provide a guarantor to avail myself of a Car Loan from Barclays Finance?

A guarantor is not needed to avail of a Car Loan from Barclays Finance.

✅ How to get Barclays Finance Car Loan Statement?

Barclays Finance Car Loan Statement is readily available on the Bank’s website and can be availed by providing the Loan Details.

✅ How to Pay Barclays Finance Car Loan Interest Online?

Pay Barclays Finance Car Loan Interest Online through Bank’s Payment gateways using your Net Banking.

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

Bank has the right to seize the vehicle or charge a nominal penalty for not paying Barclays Finance Car Loan EMI for 3 Months.

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

EMI Moratorium on Barclays Finance Car Loan can be requested directly with the Bank.

✅ What is the number for Barclays Finance Car Loan agent?

9878981166 is the number for Barclays Finance’s most valuable Car Loan Agent, i.e. Dialabank.

✅ Can I close Barclays Finance Car Loan online?

Barclays Finance bank car Loan cannot be closed online; an Applicant has to reach the branch for the closure process.

✅ What is Barclays Finance Car Loan Customer Care Number?

9878981166 is the number for all the queries related to Barclays Finance Car Loan.

✅ How can I get NOC from Barclays Finance for a Car Loan?

NOC from Barclays Finance for a Car Loan can be availed after completing the foreclosure process.

What is the Barclays Finance Car Loan closure procedure?

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

✅ What are the Barclays Finance Car Loan preclosure charges?

Barclays Finance Bank’s preclosure charges are zero.

✅ What is the Barclays Finance Car Loan maximum tenure?

Barclays Finance maximum tenure is 7 years.

✅ What is the Barclays Finance Car Loan minimum tenure?

The Barclays Finance Car Loan minimum tenure is 1 year.

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