Car Loan Agra

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Car Loan Agra

Best Banks for Car Loan in Agra

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


car loan

Car Loan Agra 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 Agra

A car loan is an amount of cash a client borrows from financial institutions like banks to purchase their dream car. The loan amount is maybe up to 85% of the total cost of your dream car based totally on Ex-Showroom or On Road price. The interest rate of the loan amount will range from bank to bank. The credit sum can be reimbursed in portions.

Car loans in Agra often offer a fixed rate of interest options. This means you are always assured of a fixed amount that needs to be repaid monthly. Car loans are not meant for just new cars. A used car credit can assist you to buy a pre-owned car.

Now Apply For Car Loan at Dialabank.

Car Loan Agra


car loan

Car Loan Agra Eligibility Criteria

The car loan eligibility requirements are as follows in Agra:

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

Car Loan Agra EMI Calculator

Car Loan Agra 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

Car Loan Agra Fees and Charges : Leading Banks – Dec 03 2022

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 Agra 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.


car loan

How to Get the Best Car Loan Interest Rates in Agra

The interest rates on vehicle loans offered by different lenders in Agra may vary, but they are all reasonable and competitive. If you want to get a car loan in Agra with the lowest interest rate, follow the steps below:

  • Choose a shorter repayment term – Many car loan applicants believe that lengthier repayment terms are better because the monthly EMI (equated monthly instalment) is low. They don’t aware that lenders view lengthier payback terms as an indication of a borrower’s low repayment capabilities, so they charge higher interest rates. So, if you want to save money on your car loan, consider a shorter payments period.
  • Research and compare the perks offered by different lenders – If you want to get a decent deal on an auto loan, you must first explore and compare the benefits offered by different lenders. This can help you figure out which lenders have the best interest rates and, as a result, which lender to choose.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio is a measurement of how much of an applicant’s income goes toward loan repayment, and lenders take this into account when setting interest rates. If your debt-to-income ratio is lower, you have a better chance of getting a car loan with a lower interest rate.
  • Maintain a good credit score — Lenders will be pleased to offer you a car loan with cheaper interest rates if you have a good credit score. Lenders consider a credit score of above 750 to be healthy. Many lenders may give auto loans to people with bad credit, but they will demand a higher interest rate. Check your credit scores at regular intervals with Dialabank “Free Credit Score” service to guarantee you have a good credit score. This will allow you to take remedial action to enhance your credit score if it is low, and it will allow you to approach lenders with confidence if your credit score is good.

How to Apply for Car Loan in Agra?

Apply for a Car Loan Now

  1. Visit us at Dialabank
  2. Go to the credit part and click on the auto loan section.
  3. Fill out the form with specifications and present the form.
  4. We will contact you in a short period of time.
  5. For further information please contact 9878981166.


car loan

Which Bank in Agra Offers the Best Car Loans?

Many big banks and NBFCs, including as HDFC, ICICI, and SBI, offer vehicle loans in Agra. The finest lender is one that can provide you with the loan amount you need at a reasonable interest rate and can distribute the funds as quickly as feasible. 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 Agra

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan in Agra

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


car loan

CIBIL Score Required for Car Loan Agra 

CIBIL is a credit information company, You can check your CIBIL report to verify your standing in terms of credit score. A score of 750 or more can get you a low-interest rate. However, the interest rate for a score of 650 to 750 will be slightly higher which may provide a high-interest rate. If you have defaulted in your CIBIL report, or have a very low score, your application may be rejected.

The CIBIL score is based on your pay records across investments and credit cards.


car loan

Car Loan Agra Contact Number

Customers can contact us at 9878981166 to get exclusive car loan deals right from your home or can apply on our website Dialabank.


car loan

Pre Calculated EMI Table for Car Loan Agra

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 Agra 

Agra, a city rich in history, is situated in the northern state of Uttar Pradesh in India. The city is well-known for Mughal-era architectural buildings and memorials. Due to the presence of the Taj Mahal, Agra draws a huge crowd from around the world, generating good revenue for the tourism industry.

Jewelry, garments, marble inlay, and carpets are famous trade products of the city. As a city in developing India, there has been an increase in the demand for the number of automobiles in the country.

Agra is a major road and rail junction and a commercial and industrial center known for its leather goods, cut stone, and handwoven carpets. The city is the seat of Dr. B.R. Ambedkar University founded in 1927.

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


car loan

Other Cities For Car Loan In Uttar Pradesh

Car Loan Aligarh Car Loan Roorkee
Car Loan Agra Car Loan Rishikesh
Car Loan Sitarganj Car Loan Ramnagar
Car Loan Rudrapur Car Loan Nainital

FAQs about Car Loan Agra Car Loan

✅ Should I Pay Full For a Vehicle in Agra?

You can do it if you have plenty of cash in hand but you don’t want to let go of all the emergency funds you have. Applying for a loan would be a better choice

✅ Does Dialabank Provides Car Loan in Agra?

Dialabank does not Provide you with a Car Loan, but it does provide you with the best options for you to avail yourself of a car loan by providing unbiased advice to all the customers.

✅ Is a Car Loan a Good Choice?

If you have a stable financial condition and a good credit score, then availing of a car loan is certainly going to be fruitful and will help you get your dream car.