Car Loan Adamwal

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Car Loan Adamwal

Best Banks for Car Loan in Adamwal

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 Adamwal 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

Thinking of buying your own car? But don’t have enough money? Don’t worry. We at Dialabank financial services help customers compare, analyze and choose the best loan possible. You just have to apply for a car loan through the Dialabank website. If your CIBIL score is good then you will get a good rate of interest and also you will get long tenure for loan repayment.

Car Loan Adamwal


car loan

Car Loan Adamwal Eligibility Criteria

The car loan eligibility requirements are as follows in Adamwal:

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 Adamwal EMI Calculator

Car Loan Adamwal 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 Adamwal Fees and Charges : Leading Banks – Nov 30 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


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Car Loan Adamwal 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 Adamwal

Follow the steps stated below to get the best car loan in Adamwal: –

  • Choose a short repayment tenure – Many borrowers are under the false impression that long loan tenures are better because they can pay of the loan in shorter instalments, but end up paying high rates of interest.
  • Research and compare the perks offered by different lenders – The borrowers should do thorough homework before applying for the loan and research all the plans carefully.
  • Maintain a modest debt-to-income ratio – A low debt to income ratio means that your income doesn’t go towards the repayment of an older loan, and may increase your chances of getting a new loan.
  • Maintain a good credit score — Lenders consider a credit score of above 750 to be healthy. Good credit history and score greatly increase your chances of getting a loan for your desired car.

How to Apply for a Car Loan in Adamwal?

  1. Visit our website.
  2. Go to the loan section and select an auto loan followed by a car loan link.
  3. Provide all your information, including your phone number.
  4. You will receive a phone call from our experts, and they will guide you further.


car loan

Which Bank in Adamwal Offers the Best Car Loans?

All leading lenders including HDFC, ICICI, and SBI, offer vehicle loans in Adamwal. Dialabank can help you find a lender that can provide you with the loan amount you need at a reasonable interest rate and can distribute the funds as quickly as feasible.

Car Loan for Major Car Manufacturers in Adamwal

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Adamwal

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


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CIBIL Score Required for Car Loan in Adamwal

Every financial institution has its criteria for CIBIL score required for processing the Car Loan application in Adamwal so that they can minimize the risk of lending to the customer. Most institutions require a minimum CIBIL score of 750 or above to process your loan application. Also having a good CIBIL score helps borrowers bag loans at a cheaper rate of interest.


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Car Loan Adamwal Contact Number

You can get a car loan Adamwal easily from Dialabank by contacting the number 9878981166.


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Pre Calculated EMI Table for Car Loan Adamwal

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


car loan

About Adamwal

Car Loan AdamwalAdamwal is a village panchayat located in the Hoshiarpur district of Punjab state, India. The latitude 31.5632179 and longitude 75.9361629 are the geocoordinates of the Adamwal. It is located around 120.9 kilometres away from Adamawa. The other surrounding state capitals are Chandigarh 120.9 KM., Shimla 126.7 KM., Dehradun 252.2 KM.

Special Note: Banks do not provide Car Loans to bad credit holders, but one can fulfil their money requirement with Gold Loan easily.


car loan

FAQ’s About Adamwal Car Loan

✅ 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, the lenders may want you to offer a guarantee or co-applicant to demonstrate that you will be able to repay the loan.

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

You can use the EMI calculator on Dialabank’s website or the website of the lending bank.

✅How can I pay my monthly instalments?

You can pay your monthly instalments on the bank’s website using net banking or UPI, or directly at the branch.