Car Loan Ahmadpur

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Car Loan Ahmadpur

Best Banks for Car Loan in Ahmadpur


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Car Loan Ahmadpur 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 Ahmadpur

Everyone loves their family, and we need their safety at any cost, so why risk their lives by travelling on a scooter or a motorcycle. A car is the safest option to travel and it’s quite comfortable too. A car loan is provided by banks and NBFC’s to help borrowers fulfil their dream of buying their own car. A car loan is a secured loan with pretty easy repayment options. The borrowers can pay for the vehicle with easy EMI’s.

Car Loan Ahmadpur

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Car Loan Ahmadpur Eligibility Criteria

The car loan eligibility requirements are as follows in Ahmadpur:

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 Ahmadpur EMI Calculator

Car Loan Ahmadpur 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 Ahmadpur Fees and Charges : Leading Banks – Mar 28 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

Car Loan Ahmadpur 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 Ahmadpur

  • Choose a smaller repayment term – Short-termed plans often come with comparatively lesser interest rates when compared to longer plans, so borrowers should try to prefer short termed plans if they want to save some money.
  • Research and compare the perks offered by different lenders – All borrowers must first explore and compare the plans and 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.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio measures how much of the borrower’s income goes towards the repayment of a previous loan, and lenders take this into account when deciding on the interest rates. If the borrower’s debt-to-income ratio is lower, they have a better chance of getting a car loan with a lower interest rate.
  • Maintain a good credit score — Lenders will happily offer you a car loan with cheaper interest rates if you have a healthy credit score. Lenders require a credit score of 750 or above.

How to Apply for a Car Loan in Ahmadpur?

Applying for a car loan in Ahmadpur with Dialabank is an easy process. Follow the steps to apply for a car loan:

  • Visit our website www.dialabank.com
  • Click on the car loan page on the website
  • Fill out all the required fields on the form
  • Wait for our team of experts to get in touch with you on the number you provided.
  • You can also visit the nearest branch or call on 9878981166.


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Which Bank in Ahmadpur Offers the Best Car Loans?

Most big lenders including HDFC, Private, and SBI offer numerous car loan plans in Ahmadpur. The best lender for you is the one that can provide you with the loan amount you need at the lowest interest rate and can give you the funds as fast as possible. It is always a good idea to compare all the vehicle loan plans from as many lenders as you can before applying for one that meets all of your needs.

Car Loan for Major Car Manufacturers in Ahmadpur

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Processing Fees & Prepayment Charges on Car Loan Ahmadpur

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 Ahmadpur

Your CIBIL score reflects your credit history in the past as well as your defaults in repayment of your previous loans. A good credit score is considered as 750 and above. Most financial institutions ask for a high credit score. Different banks and NBFC’s have different criteria for a minimum CIBIL score to process your loan. A Lower CIBIL score than 750 can attract a really high rate of interest.


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Car Loan Ahmadpur Contact Number

For more information regarding the car loan in Ahmadpur, you can contact us on 9878981166.


car loan

Pre Calculated EMI Table for Car Loan Ahmadpur

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 Ahmadpur

Ahmadpur is situated in the Barabanki district of Uttar Pradesh.


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Car Loan Banks in Ahmadpur

STATE BANK OF INDIA P.O.AHMADPUR, BIRBHUM, WEST BENGAL SBIN0002002
UCO BANK VILL & PO AHMADPURDIST-VIDISHA 464001 UCBA0001135

FAQ’s About Ahmadpur Car Loan

✅ Is a car loan interest rate negotiable?

The car loan interest rate is negotiable depending on your FICO rating, record and past relationship with the lender you usually work with.

✅ What car loan tenures are usually there?

Most banks offer loan tenures from a year to 7 years, depending on the loan amount and the client’s repayment capacities.

✅ Is a guarantor obligatory for a car loan?

A guarantor is required just on the off chance that you can’t meet at least one of the qualification measures indicated by the Bank or NBFC.