Car Loan Amb

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.05%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Car Loan Amb

Best Banks for Car Loan in Amb


car loan

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

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

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

Car Loan Amb Fees and Charges : Leading Banks – May 29 2022

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
ICICI 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

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.


car loan

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.


car loan

Which Bank in Amb Offers the Best Car Loans?

Most big and reputed lenders like HDFC, ICICI, 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
>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


car loan

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

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.


car loan

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


car loan

About Amb

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


car loan

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
ICICI BANK LIMITED ICICI 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

FAQ’s About Car Loan Amb

✅ Can the spouse’s income also be considered while deciding the loan amount?

Yes, the spouse’s income can be taken into consideration while deciding on the loan’s amount.

✅ Can the bank charge a fine if I cancel an already approved loan?

Yes, the bank may charge a fine, if you cancel your loan after it has completed the approval process.

✅ Will the banks also provide loans for modifications to my car?

No, lenders usually only provide loans for the basic trim of the vehicle you want to purchase.