Car Loan Ajgain

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Car Loan Ajgain

Best Banks for Car Loan in Ajgain


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Car Loan Ajgain 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

Seeking a dream of purchasing your own car? But don’t have enough funds? Don’t worry. We at Dialabank financial services help customers to compare, analyze and choose the best loan possible. A car loan is a financial help provided by banks and NBFC’s to fulfill the borrower’s dream of having a car. A car loan is a secured loan with the car as the collateral. The loan amount is offered at varying interest rates depending on the bank and the plan.

Car Loan Ajgain

Car Loan Ajgain Eligibility Criteria

The car loan eligibility requirements are as follows in Ajgain:

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 Ajgain EMI Calculator

Car Loan Ajgain 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 Ajgain Fees and Charges : Leading Banks – May 25 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 Ajgain 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 Ajgain

A huge number of lenders offer car loans at varying interest rates in Ajgain, but all of them are comparatively reasonable. Follow the steps stated below to get the lowest car loan interest rates in Ajgain.

  • Choose a shorter repayment term – Car loan applicants are often under the false impression that lengthier repayment tenures are better because the monthly EMI’s on them are comparatively lower. Lenders view long repayment tenures as an indication of the borrower’s low repayment capabilities, so they charge a higher interest rate on longer loans when compared to short-termed loans. Consider a short repayments period, if you want to save some money on your car loan.
  • Research and compare the perks offered by different lenders –  All borrowers must first explore and compare the benefits offered by different lenders, before applying for a car loan. This can help them figure out which lenders have the best interest rates and, which plan suits them the best.
  • Maintain a low debt-to-income ratio – If a major part of your monthly income isn’t already going towards paying off an existing loan, your chances of bagging a new loan increase drastically.
  • Maintain a good credit score — Lenders will be pleased to offer you a car loan with cheaper interest rates if you have a credit score of 750 or above, as it shows you have done timely repayments of your previous loans.

How to Apply for a Car Loan in Ajgain?

  1. Visit our website Dialabank from your browser.
  2. Click on the car loan page.
  3. You will be redirected to a form where you have to fill in all your details.
  4. Our experts will get in your touch soon.
  5. For more information, you can contact us at 9878981166.

Which Bank in Ajgain Offers the Best Car Loans?

Several big banks and NBFCs, including HDFC, ICICI, and SBI offer vehicle loans in Ajgain. Borrowers should always compare vehicle loans from all the lenders before applying for the one that meets all of their specific needs.

Car Loan for Major Car Manufacturers in Ajgain

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Ajgain

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 in Ajgain

CIBIL score is the score that banks check before they process your loan application. You can also check your CIBIL score on the CIBIL website so that you can understand how to make your CIBIL score better and also make a better saving on the interest rates and may also get a better offer from the banks. A good CIBIL score generally ranges between 750 to 900.


car loan

Car Loan Ajgain Contact Number

You can get a car loan Ajgain easily from Dialabank by contacting the number 9878981166.


car loan

Pre Calculated EMI Table for Car Loan Ajgain

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 Ajgain

Ajgain is a village panchayat located in the Unnao district of Uttar-Pradesh state, India. The latitude 26.6135753 and longitude 80.6243663 are the geocoordinates of the Ajgain. The other nearest state capital from Ajgain is Patna and its distance is 216.0 KM.


car loan

FAQ’s About Ajgain 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 loans with tenures from a year to 7 years, depending on the loan amount and the client’s repayment capacity.

✅ 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.