Best Banks for Car Loan in Ahmadpur
⍟ Loan Approval in 30 Minutes
Car Loan Ahmadpur Features
⍟ 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
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.
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The car loan eligibility requirements are as follows in Ahmadpur:
7.35% per annum Documents required for car loan are as follows: Applying for a car loan in Ahmadpur with Dialabank is an easy process. Follow the steps to apply for a car loan: 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. TABLE WILL APPEAR 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. For more information regarding the car loan in Ahmadpur, you can contact us on 9878981166. Ahmadpur is situated in the Barabanki district of Uttar Pradesh. The car loan interest rate is negotiable depending on your FICO rating, record and past relationship with the lender you usually work with. Most banks offer loan tenures from a year to 7 years, depending on the loan amount and the client’s repayment capacities. 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.
Car Loan Ahmadpur Eligibility Criteria
Salaried Individual
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
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)
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
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 Ahmadpur EMI Calculator
Car Loan Ahmadpur Fees & Charges
Charges
New Car Loan
Used Car Loan
Interest Rate
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 Ahmadpur Fees and Charges : Leading Banks – Mar 28 2024
Bank
Processing Fee
HDFC Bank Car Loan
(1999 - 4999) + Tax
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
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 Ahmadpur Documents Required
Salaried Individual
Category
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)
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
Bankers Verification
Passport
Income Proof
Bank Statement
Employment Continuity Proof
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment
Self-Employed Individuals
Category
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)
Bankers Verification
Passport
Bank Statement
Employment Continuity Proof
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
Category
Identity Proof (Any 1)
Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Aadhar Card
Driving License
Voter ID
Income Proof
P&L Account
ITR for the previous 2 years
Bank Statement
Last 6 month
Business Continuity Proof
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
2. Private Limited/Limited Companies
Category
Identity Proof
Copy of Incorporation
Address Proof (Any 1)
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
P&L Account and ITR for the previous 2 years
Bank Statement
Previous 6 Months
Business Continuity Proof
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.
How to Get the Best Car Loan Interest Rates in Ahmadpur
How to Apply for a Car Loan in Ahmadpur?
Which Bank in Ahmadpur Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Ahmadpur
Processing Fees & Prepayment Charges on Car Loan Ahmadpur
Category
Details
Processing Charges
Prepayment
Preclosure
Stamp Duty
Cheque Bounce Chgs
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
Amortisation Schedule Chgs
Rs 200 + GST
CIBIL Score Required for Car Loan in Ahmadpur
Car Loan Ahmadpur Contact Number
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
About Ahmadpur
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?
✅ What car loan tenures are usually there?
✅ Is a guarantor obligatory for a car loan?