Car Loan Ajgain

Best Banks for Car Loan in Ajgain

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

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 Ajgain Fees and Charges : Leading Banks – Apr 23 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 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.

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?

Visit our website Dialabank from your browser.
Click on the car loan page.
You will be redirected to a form where you have to fill in all your details.
Our experts will get in your touch soon.
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, Private, 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
Prepayment Charges	>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

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 Ajgain Contact Number

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

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

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.