Car Loan Achalpur

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Car Loan Achalpur

Best Banks for Car Loan in Achalpur

Feature
HDFC Bank
ICICI 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


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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

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


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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


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Car Loan Achalpur Fees and Charges : Leading Banks – Nov 28 2021

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
ICICI 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

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.


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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.


car 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
>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


car loan

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

Car Loan Achalpur Contact Number

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


car loan

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


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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

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
ICICI 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.