Car Loan Ajitwal

Car Loan Ajitwal

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Best Banks for Car Loan in Ajitwal

Feature	HDFC Bank	Private 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 Ajitwal Features

Car Loan Ajitwal

Everybody dreams about having a car to make life easier. But due to financial problems, everyone cannot just go and buy the car they want. The car loan is the best option for you. We Dialabank financial services help customers to compare, analyze, and choose the best loan possible. Just apply for the car loan through dialabank. If your CIBIL is good then you will get a good rate of interest and also you will get high tenure for loan repayment.

All the banks and NBFCs are ready to provide car loans. you can get the loan amount for the Ex-showroom price and also, if required you will get a loan for on-road price also.

Car Loan Ajitwal Interest Rate

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

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Car Loan Ajitwal Documents Required

Documents required for car loan are as followed:

For Salaried Employee

Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
Income Proof: The latest 3-month salary slip with form 16
Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statements: for the last 6 months.

For Self Employed

Identity Proof: Documents such as your passport copy, PAN Card, Voters ID card, Driving License
Income Proof: The latest ITR proof
Address Proof: Anything among your Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statements: for the last 6 months.

Car Loan Ajitwal Eligibility Criteria

The car loan eligibility requirements are as followed:

For Salaried Employee

Minimum age: 21 years for a salaried individual
Maximum age at loan maturity: 60 and 65 years respectively
Minimum employment: 1 year in current employment and a minimum of 2 years of total employment
Minimum Annual Income: Rs 100000 net annual income

For Self Employed

Minimum age: individual and 30 years in case of a self-employed
Maximum age at loan maturity: 60 and 65 years respectively individuals
Minimum employment: At least 3 years in business
Minimum Annual Income: The net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars

Car Loan for Major Car Manufacturers in Ajitwal

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TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Ajitwal

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 Ajitwal

Every financial institution has its criteria for the CIBIL score required for processing the Car Loan application in Ajitwal so that they can minimize the risk of lending to the customer. Most institutions require a minimum score of CIBIL of 750 or above to process your loan application. Also having a good CIBIL score helps to loans at a cheaper rate of interest.

The institutions don’t just look at the overall score but also the detailed behavior on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.

Car Loan Ajitwal Contact Number

You can get a car loan Ajitwal easily from dialabank by contacting the number 9878981166. Or you can also visit us at Dialabank.

Pre Calculated EMI Table for Car Loan Ajitwal

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 Ajitwal

Ajitwal is a village, situated on the National Highway no. 95 (Ferozepur – Ludhiana road), in the tehsil and district of Moga in Eastern Punjab (India). It is 16 km away from Moga and 14 km away from Jagraon.

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 EMI Calculator

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Car loan EMI can be calculated by the Car loan EMI Calculator provided by Dialabank. It is free to use and you can use it an infinite number of times. Equated Monthly Installments(EMI) is the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed.