Car Loan Abu Road

Best Banks for Car Loan in Abu Road

Feature	HDFC Bank	Private Bank	Kotak Mahindra 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	Upto 90% on Ex- showroom

Car Loan Abu Road 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

Most leading banks and NBFC’s provide car loans to help borrowers fulfil their dream of having their own car. They provide the necessary funding for purchasing a car with easy repayment options. The loan amount is offered on Interest charges which can vary from bank to bank. Borrowers can pay off the vehicle in easy instalments.

Car Loan Abu Road

Car Loan Abu Road Eligibility Criteria

The car loan eligibility requirements are as follows in Abu Road:

Salaried Individual	Age – 21 years to 60 years Net Monthly Income – Minimum ₹ 20,000 Employment Duration – 1-year minimum Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals	Age – 21-65 years of age 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)	Minimum ITR – Rs. 2 lakh Employment Duration – 3 years minimum The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers	At least 6-month vintage 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 Abu Road EMI Calculator

Car Loan Abu Road Fees & Charges

Charges	New Car Loan	Used Car Loan
Interest Rate	7.35% per annum	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 Abu Road Fees and Charges: Leading Banks – Apr 25 2024

Bank	Processing Fee	Prepayment Charges
HDFC Bank Car Loan	(1999 - 4999) + Tax	2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan	1 % to 2.50%	Nil
Private Bank Car Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 36 months
SBI Car Loan	500/- to 0.50%	Nil
Kotak Car Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
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 Abu Road Documents Required

Documents required for a car loan are as follows:

Salaried Individual

Category	Documents Required
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)	Passport Birth Certificate High School Marksheet Driving Licence
Signature Proof(Any 1)	PAN Bankers Verification Passport
Income Proof	Salary Slip and latest Form No.16
Bank Statement	Last 6 month Bank statement
Employment Continuity Proof	Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment

Self-Employed Individuals

Category	Documents Required
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)	PAN Bankers Verification Passport
Bank Statement	Bank statement of last 6 months
Employment Continuity Proof	Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate
Business Proof	Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category	Documents Required
Identity Proof (Any 1)	Driving Licence PAN Card Aadhar Card Passport
Address Proof (Any 1)	Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID
Income Proof	Audited Balance Sheet P&L Account ITR for the previous 2 years
Bank Statement	Last 6 month
Business Continuity Proof	Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement
Additional documents	Letter of Authority or PAN Card

2. Private Limited/Limited Companies

Category	Documents Required
Identity Proof	The latest copy of MOA and AOA Copy of Incorporation
Address Proof (Any 1)	SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate
Income Proof	Audited Balance Sheet P&L Account and ITR for the previous 2 years
Bank Statement	Previous 6 Months
Business Continuity Proof	P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate
Additional documents	List of Shareholding partners and Directors Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co.

How to Get the Best Car Loan Interest Rates in Abu Road

Several lenders offer car loan plans in Abu Road, and despite varying interest rates, all of them are competitive and reasonable. Follow the steps stated below to get a car loan with the best interest rates in Abu Road: –

Choose a shorter repayment term – Car loan seekers often assume that long repayment terms are better because they can pay off the loan in small instalments. This assumption is falsely placed and often results in higher interest rates, so if you want to save money on your car loan, consider a shorter repayment period.
Research and compare the perks offered by different lenders -A thorough comparison of different banks and their plans is a must if borrowers are looking for a car loan. Our representatives can help you in this step and even guide you through the approval process.
Maintain a modest debt-to-income ratio – The debt-to-income ratio measures how much of an applicant’s income goes toward the repayment of a previous loan, and lenders take this ratio into account when evaluating your loan application. If you have a low debt-to-income ratio, you have a better chance of getting a car loan with a lower interest rate.
Maintain a good credit score — Lenders will happily offer you a car loan with cheap interest rates if you have a good credit history and a credit score of 750 or above. A good credit score shows you have paid off your previous loans on time.

How to Apply for a Car Loan in Abu Road?

Applying for a car loan in Abu Road is an easy process with Dialabank. Follow the following steps to apply for a car loan:

Visit the dialabank website.
Click on the auto loan option on the Dialabank website.
Fill out all the required fields in the form.
Wait for our team of experts to get in touch with you.
You can also visit the nearest branch or call us on 9878981166.

Which Bank in Abu Road Offers the Best Car Loans?

Huge and reputed lenders like HDFC, Private, and SBI offer vehicle loans in Abu Road. The best lender for you is the one that can provide you with the loan amount you need at the lowest interest rate and can disburse the funds as fast as feasible.

Car Loan for Major Car Manufacturers in Abu Road

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Abu Road

Category	Details
Processing Charges	1999 - 4999 + Tax
Prepayment	No prepayment is allowed until 12 EMIs are paid
Preclosure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 2% of loan principal outstanding
Prepayment Charges	>36 months: Nil Charges
Stamp Duty	As per state laws
Cheque Bounce Chgs	₹ 550/chq + GST
Floating Rate of Interest	Not Applicable
Overdue EMI Interest	2% p.m.(on overdue amount)
Amortisation Schedule Chgs	Rs 200 + GST

CIBIL Score Required for Car Loan in Abu Road

Your CIBIL score reflects your credit history as well as your defaults in repayment of your older loans. A credit score between 750 and 900 is considered necessary by most financial institutions. Every lender has different criteria for a minimum CIBIL score they require to process your loan. A Lower CIBIL score than 750 can attract a higher rate of interest.

Car Loan Abu Road Contact Number

For any queries regarding the car loan in Abu Road, you can call us on 9878981166.

Pre Calculated EMI Table for Car Loan Abu Road

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 Abu Road

Abu Road is a city in the Sirohi district of Rajasthan.

Abu Road: Bank and IFSC Codes

BANK OF BARODA	ABU ROAD, DIST SIROHI, PIN-387026	BARB0ABROAD
DENA BANK	EABAK, AMBAJI ROAD, NEAR HPC PETROL PUMP, ABROAD, ISTTSIROHI, RAJASTHAN 307026	BKDN0751841
CENTRAL BANK OF INDIA	PARSI CHAL, P.O.ABU ROAD, DIST-SIROHI, RAJASTHAN-307 026.	CBIN0282458
HDFC BANK	HDFC BANK LTD MEWARA COMPLEX, NEAR SHANTI KUNJ PARK, MOUNT ROAD	HDFC0002339
Private BANK LIMITED	Private BANK LTD., SHREE RAM COMPLEX, RICCO SHOPPING CENTRE, ABU ROAD, SIROHI, RAJASTHAN- 307026	ICIC0001743
Private BANK LIMITED	Private BANK LTD, MAIN ROAD GIRWAR TEH-ABUROAD DISTT-SIROHI STATE-RAJASTHAN PIN-307026	ICIC0004069
Private BANK LIMITED	SADAR BAZAR,ABU ROAD,TEH.ABU ROAD,307026	ICIC0006802
INDIAN OVERSEAS BANK	WARD NO 3 MOUNT RAOD, ABU ROAD, 307026	IOBA0002330
PUNJAB NATIONAL BANK	BANK STREET ABU ROAD	PUNB0000200
STATE BANK OF INDIA	DISTTSIROHI 307026	SBIN0031520
STATE BANK OF INDIA	STATE BANK OF INDIA, LIC BUILDING, RIICO INDUSTRIAL AREA, ABU ROAD PIN CODE 307026.	SBIN0032102
SYNDICATE BANK	8284,MAIN MARKET,AZAD MAIDAN,ABU ROAD,DISTT SIROHI,RAJASTHAN307026	SYNB0008435
AXIS BANK	GROUND FLOOR, PLOT NO.2 (A&B), WARD NO. 30, MOUNT ROAD, NEAR SHANTI KUNJ, ABU ROAD, RAJASTHAN, PIN 307026	UTIB0001126
VIJAYA BANK	NR MANALI HOTEL, OLD CHECK POST, ABU ROAD, RAJASTHAN	VIJB0007062
YES BANK	GROUND FLOOR, KHASRA NO 78 AND 79, MOUNT ROAD, NR SHANTI KUNJ, PO ABU, ROAD, DISTT SIROHI, ABU ROAD, RAJASTHAN-307026	YESB0000325