Car Loan Agondh

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Car Loan Agondh

Best Banks for Car Loan in Agondh


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Car Loan Agondh 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

Car Loan Agondh

Got tired of travelling on a two-wheeler and now want to buy a four-wheeler? But don’t have the time to visit different banks and compare different banks interest rates, documentation, etc. We will provide you with all the information in minimal time and will clear all your doubts in no time. Apply with Dialabank and get the best services.

Car Loan Agondh


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Car Loan Agondh Eligibility Criteria

The car loan eligibility requirements are as follows in Agondh:

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 Agondh EMI Calculator

Car Loan Agondh 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 Agondh 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


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Car Loan Agondh 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 Agondh

  • Many car loan applicants are under the false assumption that lengthier repayment terms are better because the monthly EMI (equated monthly instalment) is low. They are not aware of the fact that lenders view lengthier payback terms as an indication of a borrower’s low repayment capabilities and end up charging comparatively higher interest rates from them. If you want to save money on your car loan, consider a short repayments period for your loan.
  • A smart borrower must first explore and compare the benefits offered by different lenders. This can help the loan seeker figure out which lenders have the best interest rates and, as a result, which lender to choose.
  • The debt-to-income ratio of a borrower measures how much of his income goes toward the repayment of a previous loan, and lenders take this into account when setting interest rates. If your debt-to-income ratio is less, you have a better chance of getting a car loan with a lower interest rate.
  • Many banks and NBFC’s require you to have a credit score of at least 750 if you want to apply for a loan with them. Although some lenders may give auto loans to people with bad credit, they will demand a higher interest rate.

How to Apply for a Car Loan in Agondh?

Availing of a car loan in Agondh 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 on the website
  • Fill in your details in the specific fields
  • Our relationship manager will soon get in touch with you on the number you have provided.
  • You can also contact us at 9878981166 in case of any queries regarding your loans.


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Which Bank in Agondh Offers the Best Car Loans?

Most large banks including but not limited to HDFC, ICICI, and SBI, offer vehicle loans in Agondh. The finest lender for you is one that can provide you with the loan amount you need at a comparatively lower interest rate and can transfer the funds as quickly as possible. It is always a good idea to compare vehicle loans from a number of lenders before applying for the one that meets all of your specific set of needs.

Car Loan for Major Car Manufacturers in Agondh

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Agondh

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 Agondh

CIBIL score defines your ability to pay off your loans on time. A high credit score means that you have a good credit history which in turn makes your car loan application easy to process. Most lenders consider a credit score of 750 and above as a good score to approve your loan application process in Alas.


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Car Loan Agondh Contact Number

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


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Pre Calculated EMI Table for Car Loan Agondh

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 Agondh

Agondh is a small village located in the Kethal district in the state of Haryana, India. For more information on Car Loans in Agondh, you can call our representatives.


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FAQ’s About Agondh Car Loan

✅ Is collateral required for a car loan?

A car loan is a secured loan, and the car itself is a collateral asset. If the borrower fails to pay the loan, the car will be sold off by the bank.

✅ What is the tenure for a car loan?

Typically the tenure for a car loan is between 1 to 5 years. Although, some lenders may offer a loan beyond that tenure.

✅ Can the interest on a car loan be negotiated?

Depending on your credit history and credit score, you can negotiate with banks for a loan with lower interest rates.