Car Loan Agashi

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Car Loan Agashi

Best Banks for Car Loan in Agashi


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Car Loan Agashi 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

If you are a loan seeker looking for a car loan in Agashi, this article will help you choose the right bank and the right plan for your needs. You can compare different loans and make an informed decision. Dialabank representatives can lighten this load even further and help you make an informed decision.

Car Loan Agashi


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Car Loan Agashi Eligibility Criteria

The car loan eligibility requirements are as follows in Agashi:

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 Agashi EMI Calculator

Car Loan Agashi 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 Agashi Fees and Charges : Leading Banks – Nov 27 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 Agashi 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 Agashi

Follow the steps below, to find the best car loan with the lowest interest rates in Agashi: –

  • Choose a shorter repayment term – Car loan applicants often start believing that lengthier repayment terms are better because they can pay off the loan slowly in small installments, but they don’t realize that lenders view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest rates. So, if a borrower wants to save money on their car loan, they should consider a shorter repayments period.
  • Research and compare the perks offered by different lenders – If a borrower wants to get a decent deal on a car loan, he must first explore and compare the benefits offered by different lenders.
  • Maintain a modest debt-to-income ratio – Lenders take the borrower’s debt-to-income ratio into account when setting interest rates. Therefore, if the debt-to-income ratio is low, the borrower has a better chance of getting a car loan with a lower interest rate.
  • Maintain a good credit score — Banks and NBFC’s will happily offer you a car loan with cheaper interest rates if you have a good credit score. They consider a credit score of 750 or above to be healthy.

How to Apply for a Car Loan in Agashi?

  • Visit Dialabank website.
  • Click on the loan section and select the nearest location.
  • Start filling the form and give the required details.
  • Within minutes you will receive a call from our experts.
  • You can clear all your doubts and queries.


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Which Bank in Agashi Offers the Best Car Loans?

Various lenders like HDFC, ICICI, and SBI offer car loans in Agashi. The best bank or NBFC is the one that can provide you with the loan amount you need at an appropriate interest rate and can disburse the funds as fast as possible. It is always a good idea to compare vehicle loans from many lenders before applying for one that meets all of your needs, such as interest rates.

Car Loan for Major Car Manufacturers in Agashi

TABLE WILL APPEAR


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Processing Fees & Prepayment Charges on Car Loan Agashi

Look below the table for the processing Fees and Prepayment charges on a car loan.

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 Agashi

When you apply for a loan, the lender will know who you are! Just by taking a look at your credit score, they will know how you will repay the loan. If your credit score is good, then you will get quick approvals and also will get instant loans. if you repay the loan in time automatically, your credit score will increase. Look at your credit score before applying for the loan. By credit score, we can assess the person and his financial capacity.


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Car Loan Agashi Contact Number

For instant help and any more queries, you can call 9878981166.


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Pre Calculated EMI Table for Car Loan Agashi

Check the table for Pre calculated EMI table for a car loan.

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 Agashi

Agashi is a Village in the Thane District located in the Indian state of Maharashtra. It belongs to the Konkan region.


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Car Loan Banks in Agashi

CANARA BANK BAZARPETH MAIN ROAD, VIRAR, AGASHI 401301, THANE DIST, MAHARASHTRA – 401301 CNRB0000216
INDIAN OVERSEAS BANK KOLKATA M IOBA0001901
BANK OF MAHARASHTRA 363, PURANDARE HOUSE, CHALPETH RD AGASHI MAHB0001115

FAQ’s About Agashi Car Loan

✅ What types of vehicles can I purchase with a car loan?

Car loans can be used to buy various passenger vehicles, including SUVs, sedans, hatchbacks, and other types of vehicles. You can also get a car loan to acquire a vehicle for commercial purposes. Some lenders also provide loans on trucks, tractors, and construction equipment.

✅ Will the banks also finance modifications on my car?

No, banks only provide a loan for the basic trim level of the car.

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

Standing Instruction, Electronic Clearing Service, and Post-Dated Cheques are three options for repaying your car loans.