Car Loan Adityapur

Best Banks for Car Loan in Adityapur

Car Loan Adityapur 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

A car loan is a sum of credits a consumer borrows to purchase a car. Generally speaking, a loan is an amount of money that is lend to an individual. If you’re looking for a car loan in Adityapur, you’ve come to the right place. Dialabank customers can compare interest rates, processing costs, and tenures for free, and even get approval or estimates within just 30 minutes.

Car Loan Adityapur

Car Loan Adityapur Eligibility Criteria

The car loan eligibility requirements are as follows in Adityapur:

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 Adityapur EMI Calculator

Car Loan Adityapur 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 Adityapur Fees and Charges : Leading Banks – Apr 20 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 Adityapur 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 Adityapur

Car loan applicants often believe that lengthier repayment terms are better because the monthly EMI (equated monthly instalment) is low. They aren’t aware of the fact that lenders view lengthier payback terms as an indication of the borrower’s low repayment capabilities, so they end up charging higher interest rates. So, if you want to save money on your car loan, consider a shorter payments period.
If the borrower wants to get a decent deal on a car loan, they must first explore and compare the benefits offered by different lenders. This can help them figure out which lenders have the best interest rates and, as a result, which lender to choose for their loan.
The debt-to-income ratio of the borrower measures how much of his income goes toward loan repayment, and lenders take this into account when setting interest rates for his loan application. If your debt-to-income ratio is less, you have a better chance of getting a car loan with a lower interest rate.
Lenders will happily offer borrowers a car loan with cheaper interest rates if they have a good credit score. Most banks and NBFC’s consider a credit score of 750 or above to be healthy.

How to Apply for a Car Loan in Aditypur?

Availing of a car loan in Adityapur is an easy process with Dialabank. Follow the following steps to avail of the best offers:

Visit the Dialabank website
Click on the car loan option
Fill in the required fields with your personal details
Our relationship manager will soon get in touch with you as soon as possible
You can also contact us at 9878981166 in case of any queries regarding the loan.

Which Bank in Adityapur Offers the Best Car Loans?

Huge and reputed lenders including HDFC, Private, and SBI, offer vehicle loans in Adityapur. Dialabank can help borrowers choose a lender that can provide them with the loan amount they need at a reasonable interest rate and can distribute the funds as quickly as possible.

Car Loan for Major Car Manufacturers in Adityapur

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Adityapur

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 Adityapur

Lenders usually prefer a CIBIL score of 750 or above, but in case of a low CIBIL score than the required value, the borrowers will be required to pay a high rate interest rate on their loan amount. Although, If their CIBIL score is good, then they have to pay a low rate of interest. Thus, a CIBIL score is an important factor in a car loan.

Car Loan Adityapur Contact Number

In case of any queries regarding the car loan in Adityapur, you may contact on the number 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Adityapur

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 Adityapur

Adityapur is a city in Jharkhand named after Raja Aditya Pratap Singh Deo, the last emperor of Saraikela. Nowadays it is an industrial town/sister city separated from the famous city of Jamshedpur by the Kharkai river.

Car Loan Banks in Adityapur

BANK OF BARODA	GR FLOOR, M P NAGINACOMP, TATA KANDRA RD	BARB0ADITYA
BANK OF INDIA	KANDRA ROADADITYAPUR INDUSTRIAL AREA,	BKID0004503
CENTRAL BANK OF INDIA	PRASASHNIK BHAWAN, DEVELOPMENT AREA, ADITYAPUR 831 013	CBIN0280974
CANARA BANK	ADITYAPUR, JAMSHEDPUR	CNRB0002799
CORPORATION BANK	SINGH COMPLEX ADITYAPUR KENDRA MAIN ROAD NEAR ASHIYANA TRADE CENTRE	CORP0003084
HDFC BANK	HDFC BANK LTD.,SHOP NO 1-9 SHIV RANJANI COMPLEX,AD ITYAPUR, TATA KANDRA ADITYAPUR MAIN ROAD SERAIKELA-KHARSAWAN JHARKHAND 831013	HDFC0002484
IDBI BANK	SARITA COMPLEX C 2 10 G1 TATA KANDRA MAIN ROAD ADITYAPUR JAMSHEDPUR JHARKHAND 831013	IBKL0001359
Private BANK LIMITED	Private BANK LTD., SUMAN TOWER, MAIN ROAD, ADITYAPUR, KANDRA ROAD,OPPOSITE AIADA ADITYAPUR, SARAIKELA KHARSAWA DIST., PIN-831013, JHARKHAND	ICIC0002406
INDIAN BANK	SHER-E-PUNJAB CHOWK 1ST FLOOR DAYAL TRADE CENTRE ADITYAPUR	IDIB000A204
INDIAN OVERSEAS BANK	MAIN ROAD,INDU MANSION,MANGO,NEAR LIC,JAMSHEDPUR,PIN 831013	IOBA0001564
INDIAN OVERSEAS BANK	NO 1839 TATA KANDRA MAIN ROAD,ADITYAPUR,JAMSHEDPUR832109	IOBA0003003
PUNJAB AND SIND BANK	HEAVEN PALACE, BEHIND MP TOWER, JAMSHEDPUR, DISTT SERAIKELA, KHARSAWAN, JHARKHAND – 831013	PSIB0021430
STATE BANK OF INDIA	BAIDEHI BHAWAN,AKASBANI CHOWK,ADITYAPUR,JHARKHAND DT SERAIKELAKHARSAWN831013	SBIN0011831

FAQ’s About Adityapur Car Loan

✅ Does the bank finance’s the car only or its accessories too?

No, the bank only finances the basic trim of your car.

✅ What options do I have for repaying my car Loan?

Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques are three options for repaying your car loan. It is usually advised that you return your loan using the first two options because they are comparatively speedier.

✅ Is a guarantor required for a Car Loan?

To get a car loan, most lenders will not ask for a guarantor. If your income falls below the required minimum, lenders may want you to offer a guarantee or co-applicant to demonstrate that you will be able to repay the loan.