Car Loan Achalpur

Best Banks for Car Loan in Achalpur

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 Achalpur 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

Are you looking for a car loan in Achalpur? Then, you’ve come to the right place! With Dialabank, you can compare interest rates, processing costs, loan tenures and even get approval or estimates within just 30 minutes. In addition, we can help you evaluate your eligibility for the car loan and provide you with the details of top banks and loans in Achalpur.

Car Loan Achalpur

Car Loan Achalpur Eligibility Criteria

The car loan eligibility requirements are as follows in Achalpur:

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 Achalpur EMI Calculator

Car Loan Achalpur 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 Achalpur 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 Achalpur Documents Required

Documents required for 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 Achalpur

Follow the steps listed below to get the best car loans in Achalpur.

Choose a Shorter Repayment Term – Many loan seekers are under the false impression that long loan tenures are better and end up paying really high interest rates over the loan’s tenure. If you want to save some money, apply for a shorter loan.
Research and Compare the Perks offered by different Lenders – A borrower must thoroughly compare all the different lenders to identify the best-suited one for his needs.
Maintain a modest Debt-To-Income Ratio – The debt-to-income ratio helps evaluate how much of the applicant’s income goes toward repayment of an older loan. A low debt to income ratio increases your chances of getting a new loan.
Maintain a good Credit Score – A credit score of 750 or above is considered healthy, and if the borrower has a healthy credit score, his chances of getting a loan increase.

How to Apply for a Car Loan in Achalpur?

Availing of a car loan in Achalpur is a pretty easy process with Dialabank. Follow the options stated below for a smooth loan approval process: –

Visit our website Dialabank.
Click on the car loan option on the website.
Fill in the required fields on the car loan form.
Our relationship managers will soon get in touch with you on the number you provided.
You may also contact us at 9878981166 in case of any queries regarding the loan.

Which Bank in Achalpur Offers the Best Car Loans?

Reputed lenders like HDFC, Muthoot, and CitiBank offer various vehicle loans in Achalpur. With Dialabank, you can find a lender who can provide you with the loan amount you need at the lowest possible interest rate and disburse the funds as fast as possible.

Car Loan for Major Car Manufacturers in Achalpur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Achalpur

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 Achalpur

CIBIL score is referred to a credit score that defines your ability to pay off your credit on time. Mostly, banks and NBFCs require a credit score of at least 750 and to approve your loan application process in Achalpur.

Car Loan Achalpur Contact Number

In case of any queries related to car loans in Achalpur, you can contact us on 9878981166 for assistance.

Pre Calculated EMI Table for Car Loan Achalpur

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 Achalpur

Achalpur is a city in Maharashtra, with an average literacy rate of 88% and a population of 6,12,293 people.

Car Loan Banks in Achalpur

Bank Name	Bank Address	Bank IFSC Code
ALLAHABAD BANK	HOUSE NO- 413, FINLAY MILL CHOWK, VIDARBHA MILL COLONY, NARAYANPUR ROAD, ADJACENT TO AMRAVATI PARATWADA ROAD, ACHALPUR, TALUKA- ACHALPUR, DISTRICT – AMRAVATI, PIN CODE- 444805	ALLA0213320
ANDHRA BANK	NAZUL,PLOT NO 12,SOUTH PART,SHEET NO 24,BUS STAND,PARATWADA 444805	ANDB0002611
CENTRAL BANK OF INDIA	DEWADI ROAD, NEW NAGAR PARISHAD BHAVAN, ACHALPUR CITY, DIST-AMRAVATI, MAHARASHTRA-444 806.	CBIN0281325
CENTRAL BANK OF INDIA	SHANTI CONSTRUCTION BUILDING 1ST FLOOR OF CHHATRAPATI SHIVAJI MARKET, ATHAWADI BAZAR, NEAR JAISTHAMB CHOWK PARATWADA TAHSIL ACHALPUR, PARATWADA, AMRAVATI, MAHARASHTRA 444806	CBIN0284421
CENTRAL BANK OF INDIA	CO MOHAN RAOSAHEB SHELKE, AT POST RASEGAON, TAHSIL ACHALPUR, RASEGAON-444806, AMRAVATI, MAHARASHTRA	CBIN0284579
HDFC BANK	HDFC BANK LTD. V.F.BANSALI, VAKIL LANE, NEAR POLICE STATION, ACHALPUR CAMP ACHALPUR, AMRAVATI MAHARASHTRA 444805	HDFC0002521
HDFC BANK	NAGAR PARISHAD HALL NEAR POLICE STATION DEVDI	HDFC0CACH05
HDFC BANK	DEOVLI, ACHALPUR	HDFC0CKUB20
Private BANK LIMITED	1ST FLOOR, G. M. ARCADE, OPP. ACHALPUR NAGAR PARISHAD, MAIN ROAD, ACHALPUR. 444 805	ICIC0000868
STATE BANK OF INDIA	CIVIL LINES, ACHALPUR, AMARAVATI DIST.	SBIN0000371
STATE BANK OF INDIA	DIST AMRAVATI, MAHARASHTRA 444805	SBIN0003021
SARASWAT COOPERATIVE BANK LIMITED	JAISTAMBH CHOWK	SRCB0JCB005
UTKARSH SMALL FINANCE BANK	PLAT NO 25 RAJESHWAR NAGAR NEAR BHAMKAR HOSPITAL PARATWADA, DIST – AMARAVATI, PIN CODE 444805	UTKS0001221
YES BANK	TIMBER DEPOT ROAD, PARATWADA – 444805	YESB0ADB029
YES BANK	ASADPUR – 444806	YESB0ADB030
YES BANK	ACHALPUR CITY – 444806	YESB0ADB032
YES BANK	MR JOSHI HOUSE ACHALPUR CAMP 444805	YESB0ASSB04

FAQ’s About Achalpur Car Loan

✅ What options do I have for repaying my auto loan?

Standing Instructions, Post-Dated Cheques, and ECS are three options for repaying your loan. You can coordinate with your local bank and choose an option that suits you the most.

✅ Is a guarantor required for a car loan?

To get a car loan, most lenders will not ask for a guarantor. However, if your income falls below the required minimum criteria the lender has set, you may require the help of a guarantor.

✅ Where can I get an interest calculator for a car loan?

You can use the EMI calculator on the Dialabank website or the website of the lending bank. To calculate the EMIs, enter the interest rate of your plan. Borrowers can obtain the interest rate by filling out an application for a loan, which will require you to provide basic information such as your salary, company, and work experience.