Car Loan Adityapur

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Car Loan Adityapur

Best Banks for Car Loan in Adityapur


car loan

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

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


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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


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Car Loan Adityapur 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


car loan

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.


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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.


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Which Bank in Adityapur Offers the Best Car Loans?

Huge and reputed lenders including HDFC, ICICI, 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
>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 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.


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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.


car loan

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


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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.


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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
ICICI BANK LIMITED ICICI 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.