Car Loan Amb

Best Banks for Car Loan in Amb

Car Loan Amb 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

The bustling streets of India require a sturdy and agile vehicle; most often that vehicle is a good car. Borrowers can finance a car of their choice with the help of a car loan. All the reputed banks and NBFC’s offer car loans at reasonable interest rates, and long tenures for paying off the loan in small EMI’s. We at Dialabank can help you choose the perfect loan for your dream car, and guide you through the entire application process, step by step.

Car Loan Amb

Car Loan Amb Eligibility Criteria

The car loan eligibility requirements are as follows in Amb:

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 Amb EMI Calculator

Car Loan Amb 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 Amb Fees and Charges : Leading Banks – Apr 20 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 Amb Documents Required

The documents required for applying for a car loan in Amb are: –

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 Amb

Follow these steps if you want to get the best interest rate on car loans in Amb: –

Choose a shorter repayment term – A really high number of loan seekers wrongly believe that a loan with a long tenure is better than a shorter one because they can pay off the loan in small installments over a larger length of time, but they often fail to realize that lenders charge a very high rate of interest for such loans.
Research and compare the perks offered by different lenders – Financially responsible and intelligent loan seekers should always compare different schemes offered by numerous lenders to choose the one that best suits their specific niche of needs.
Maintain a modest debt-to-income ratio – The debt-to-income ratio measures how much of the borrower’s overall income goes toward the repayment of an older loan, and if it’s lower than average, your chances of getting the car loan approved increase.
Maintain a good credit score — Lenders will love to offer you a car loan at the appropriate interest rates if you maintain a credit score of 750 or above.

How to Apply for a Car Loan in Amb?

Applying for a car loan in Amb is a pretty easy process with Dialabank, just follow the following steps written below to avail of the best offers in your locality: –

Visit our webportal Dialabank.
Click on the car loan option available on our website.
Fill up the concerned fields with details regarding the car type and your yearly income.
Our relationship manager will soon get in your touch.
You may also contact us on 9878981166 in case you have any queries regarding the loan.

Which Bank in Amb Offers the Best Car Loans?

Most big and reputed lenders like HDFC, Private, and PNB offer a wide variety of car loan plans in Amb. Just call Dialabank and our representatives will help you choose a lender that can provide you with the loan amount you need at the lowest interest rate and can disburse the funds as soon as possible. A Financially responsible borrower should always compare vehicle loans from different lenders before applying for one that meets all of his specific niche of needs.

Car Loan for Major Car Manufacturers in Amb

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Amb

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 Amb

Your CIBIL score defines your ability to successfully pay off loans on time. A credit score above 750 means you have a good credit history which in turn makes your car loan application easy to process. The minimum requirements for CIBIL score may differ from one bank to another. In case your CIBIL score is less than the required value, you will be required to pay a high rate of interest on the loan amount.

Car Loan Amb Contact Number

In case of any queries regarding the auto loan in Amb, feel free to contact us on 9878981166 for any assistance.

Pre Calculated EMI Table for Car Loan Amb

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 Amb

Amb is a town in the Una district of Himachal Pradesh.

Car Loan Banks in Amb

CENTRAL BANK OF INDIA	NAHERIAN ROAD, RANA MARKET, DIST- UNA, SIMLA-177203	CBIN0283644
CANARA BANK	CO DALIP CHAND, NEAR PETROL PUMP, UNA ROAD, AMB- 177203 DISTT- UNA (H.P)	CNRB0004598
Private BANK LIMITED	Private BANK LTD, UNA ROAD, V and PO-AMB, DISTRICT UNA, HIMACHAL PRADESH – 177203	ICIC0002379
THE KANGRA CENTRAL COOPERATIVE BANK LIMITED	VPO AMB TEHSIL AMB DISTT UNA H.P. 177203	KACE0000009
PUNJAB AND SIND BANK	AMB, DISTT. UNA, HIMACHAL PRADESH-177203	PSIB0000137
PUNJAB NATIONAL BANK	DISTT UNA	PUNB0399200
STATE BANK OF INDIA	STATE BANK OF INDIA UNA ROADAMANDEEP MOTORSAMB DT UNAPIN 177203	SBIN0051170