Car Loan Akaltara

Best Banks for Car Loan in Akaltara

Car Loan Akaltara 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 Akaltara

Need to upgrade your existing ride? Need to gift your loved one a car? Don’t want your monthly budget affected by it? Worry no more, we at Dialabank will look after all of your needs. With Dialabank, you can get a car loan in a few minutes with minimum documents and the lowest interest rates. Our excellent relationship managers will get in your touch and help you through every step of the process along with all the documentation which would be required for the loan’s approval.

Car Loan Akaltara Eligibility Criteria

The car loan eligibility requirements are as follows in Akaltara:

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 Akaltara EMI Calculator

Car Loan Akaltara 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 Akaltara Fees and Charges : Leading Banks – Apr 19 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 Akaltara 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 Akaltara

Numerous lenders offer car loans at varying interest rates in Akaltara, but all of them are comparatively reasonable and cheap. Follow the steps stated below to get get the lowest car loan interest rates in Akaltara.

Choose a shorter repayment term – Borrowers often believe that long termed loans are better because the monthly EMI’s on them are quite low. Lenders view long repayment tenures as an indication of a borrower’s low repayment capacity, so they end up charging a higher interest rate. 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 – Loan seekers must first explore and compare the benefits offered by all the different lenders, before applying for a car loan. This can help them in figuring out which lenders have the best interest rates and, which car loan plan suits them the best.
Maintain a low debt-to-income ratio – If a major part of your monthly income isn’t going towards paying off an existing loan, your chances of getting a new loan approved increase drastically.
Maintain a good credit score — Lenders will happily offer you a car loan with low 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 Akaltara?

Visit the Dialabank website.
Go to the loan section and select an auto loan followed by a car loan link.
Provide all your information, including your phone number.
In a few minutes, you will receive a call from our experts.
Then, you can start the loan process.

Which Bank in Akaltara Offers the Best Car Loans?

Several reputed lenders including HDFC, Private, and SBI offer vehicle loans in Akaltara. A financially responsible borrower should always compare different vehicle loans from all these lenders before applying for the one that meets all his specific needs.

Car Loan for Major Car Manufacturers in Akaltara

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Akaltara

Check here for the processing Fees and Prepayment charges on a car loan.

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 Akaltara

Your CIBIL score always plays a key role in the loan approval process. A Good Cibil score always ranges from 700-900. If the borrower’s CIBIL score is more than 750 then, the loan will get approved quickly. If the CIBIL score is below 700 then, the loan still might get approved but will probably come with a higher interest rate.

Car Loan Akaltara Contact Number

To get instant help and any more queries, you can call 9878981166.

Pre Calculated EMI Table for Car Loan Akaltara

Check here for Pre calculated EMI table for a car loan.

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 Akaltara

Akaltara is situated in the state of Chattisgarh. The great freedom fighter Thakur Chhedi Lal was born here.

Car Loan Banks in Akaltara

BANK OF BARODA	MAIN ROAD, WARD NO-15, SHIVNARAYAN ROAD, AKALTARA, DISTRICT- JANJGIR CHAMPA, CHHATISGARH-495552	BARB0AKALTA
CENTRAL BANK OF INDIA	DIST-JANJGIRI, CHAMPA, CHHATTISGARH-495552	CBIN0281415
CANARA BANK	AMBEDKAR CHOWK AKALTARA	CNRB0005261
HDFC BANK	HDFC BANK LTD VYAPAR PARISAR SHASTRI CHOWK AKALTARA JANIGIR CHAMPA AKALTARA CHHATTISGARH495552	HDFC0004351
IDBI BANK	KH NO 143311,143363,PH NO-10 WARD NO-15, AKALTARA, DIST– JANJGIR CHAMPA,PIN-495552,CHHATTISGARH	IBKL0001293
Private BANK LIMITED	Private BANK LTD., NEAR AMBEDKAR CHOWK, SHIVARINARAYAN ROAD, AKALTARA – 495552, JANJGIR-CHAMPA DIST. , CHATTISGARH	ICIC0002119
INDIAN OVERSEAS BANK	AT KAPAN,PO KAPAN,DIST JANJGIR,CHAMPA,CHATTISGARH 495552	IOBA0003239
AXIS BANK	SHIVARI NARAYAN ROAD GANESH RICE MILL P.O AKALTARA DIST JANJGIR CHAMPA 495552 CHHATTISGARH	UTIB0001727