Best Banks for Car Loan in Amarkot
⍟ Loan Approval in 30 Minutes To tackle the hustle and bustle on the streets of India, you require a sturdy and durable vehicle, and most often that vehicle is a good car. You can easily finance your dream car with the help of a car loan, from any of the leading banks and NBFC’s at reasonable interest rates, and long tenures for paying off the loan in small EMI’s. Dialabank representatives will help you choose the perfect loan for your dream car, and guide you through the entire application process. The car loan eligibility requirements are as follows in Amarkot:
7.35% per annum The documents required for applying for a car loan in Amarkot are: – Applying for a car loan in Amarkot is a pretty easy process with Dialabank. Just follow the following steps written below to avail of the best offers in your vicinity: – Most of the reputed and large lenders like HDFC, Private, and SBI offer a number of car loan plans in Amarkot. Our Dialabank representatives can help you choose a bank that can provide you with the loan amount you need at the lowest interest rate and can disburse the funds as fast as possible. Financially responsible and smart loan seekers should always compare vehicle loans from different lenders before applying for one that meets all of their needs. TABLE WILL APPEAR A CIBIL Score is essential when it comes to loan approval procedures. Most large and reputed lenders require the borrowers to have a score between 750 to 900. A CIBIL score in this range shows that you have paid off your previous loans and credit card bills on time. Sometimes banks do provide loans to individuals with low CIBIL scores, but they charge a comparatively higher interest rate from them. In case of any queries regarding the auto loan in Amarkot, feel free to contact us on 9878981166 for any assistance. Amarkot is a town in Odissa, and borders Chhattisgarh. It has a population of around 27000 people. No, most lenders provide a loan amount sufficient only for the standard trim. Lenders usually take the car you are buying as the collateral itself. If you have a very high CIBIL score and an old relationship with a bank, you might be eligible for a loan at a comparatively lower interest rate.
Car Loan Amarkot 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
Car Loan Amarkot 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 Amarkot EMI Calculator
Car Loan Amarkot 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 Amarkot Fees and Charges : Leading Banks – Jun 08 2023
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 Amarkot 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 Amarkot
How to Apply for a Car Loan in Amarkot?
Which Bank in Amarkot Offers the Best Car Loans?
Car Loan for Major Car Manufacturers in Amarkot
Processing Fees / Prepayment Charges on Car Loan Amarkot
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 Amarkot
Car Loan Amarkot Contact Number
Pre Calculated EMI Table for Car Loan Amarkot
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 Amarkot
Car Loan Banks in Amarkot
HDFC BANK
HDFC BANK LTD MAIN BAZAR, DIST – TARN TARAN, AMARKOT PUNJAB 143419
HDFC0003273
STATE BANK OF INDIA
DIST TARN TARAN, PUNJAB 143419
SBIN0003932
FAQ’s About Amarkot Car Loan
✅ Do banks finance the car’s accessories too?
✅ What form of collateral do lenders require?
✅ Is the interest rate on car loans negotiable?